BITI vs VYM
BITI vs VYM
ProShares Short Bitcoin ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. BITI delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | BITI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.04% | |
| AUM | $120M | $79.0B | |
| Dividend Yield | 8.63% | 2.86% | |
| Holdings | 3 | 568 | |
| YTD Return | +19.85% | +15.80% | |
| 1Y Return | +51.60% | +26.12% | |
| 3Y Return (annualized) | -33.25% | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 46.9% | 14.6% | |
| Max Drawdown | -92.2% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 21, 2022 | Nov 10, 2006 |
BITI vs VYM Performance
ProShares Short Bitcoin ETF (BITI) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BITI returned +51.60% while VYM returned +26.12%. Year to date, BITI is up 19.85% versus a gain of 15.80% for VYM.
Over three years, BITI compounded at -33.25% per year against +18.25% for VYM. Across the full 4-year window we track, VYM has the edge at +7.07% annualized vs -37.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITI has been the more volatile fund, with annualized monthly volatility of 46.9% compared with 14.6% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -92.2% for BITI and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITI charges 1.01% per year while VYM charges 0.04%. On a $10,000 position that is $101 vs $4 annually, a gap of $97 per year that compounds over a long holding period. On income, BITI currently yields 8.63% against 2.86% for VYM.
Holdings Overlap
BITI and VYM share 0 holdings out of 559 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BITI or VYM?
BITI has an expense ratio of 1.01% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, BITI or VYM?
Over the past year BITI returned +51.60% vs +26.12% for VYM, so BITI leads on 1-year performance. Over the longest common window we track (4 years), BITI annualized -37.38% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, BITI or VYM?
BITI has been the more volatile fund at 46.9% annualized versus 14.6% for VYM. Worst drawdown: BITI -92.2% vs VYM -58.8%.
Should I hold both BITI and VYM?
BITI and VYM have a monthly-return correlation of -0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BITI and VYM?
BITI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, BITI or VYM?
BITI yields 8.63% while VYM yields 2.86%, so BITI currently pays the higher dividend yield.
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