ProShares Trust - ProShares Short Bitcoin Strategy ETF

10-Year Study

BITI.US · · US · ETF

Executive Summary: ProShares Trust - ProShares Short Bitcoin Strategy ETF has compounded at -43.1% annually over the last 10 years, with a maximum drawdown of 91.2% and an annualized volatility of 56.1%.

1Y CAGR
+20.3%
3Y CAGR
-39.2%
5Y CAGR
-43.1%
10Y CAGR
-43.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
91.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.88
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.26
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
46.1%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · +2.4%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · -66.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
25%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20263.518.0-6.7-10.2————————2.4%
2025-8.519.50.5-14.0-10.0-2.7-7.77.4-5.43.519.32.7-1.8%
2024-2.4-31.9-15.118.8-13.712.5-9.46.8-8.3-10.0-30.53.6-62.6%
2023-30.2-1.1-24.4-3.27.8-12.64.811.0-2.9-23.1-8.4-10.7-66.2%
2022——————-25.216.7-0.2-5.48.11.8-9.3%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 56.1%. The dominant macroeconomic risk driver is BTC-USD.CC, accounting for 72.1% of variance. Idiosyncratic stock-specific factors contribute 1.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2022-06-0110000
2022-07-017484.0474877662655
2022-08-018737.465399407012
2022-09-018721.514016128403
2022-10-018252.053080158372
2022-11-018917.502883727708
2022-12-019073.843599975977
2023-01-016335.045130357437
2023-02-016262.946292895214
2023-03-014735.492964276397
2023-04-014584.797776289564
2023-05-014941.27401231103
2023-06-014321.090040794417
2023-07-014528.301851290719
2023-08-015027.351195811848
2023-09-014883.591931794252
2023-10-013754.471603090688
2023-11-013437.42149057902
2023-12-013069.5303892893166
2024-01-012994.834390562176
2024-02-012038.3201990694097
2024-03-011731.2015047918126
2024-04-012056.3151792833423
2024-05-011773.9836355696732
2024-06-011995.7318722546634
2024-07-011808.0707421344566
2024-08-011931.041050163089
2024-09-011771.249306257076
2024-10-011594.0052332338498
2024-11-011107.9609813540267
2024-12-011148.0869629616918
2025-01-011050.0214049891688
2025-02-011254.2786458439173
2025-03-011260.0803462309682
2025-04-011083.7591940223783
2025-05-01975.3112943229663
2025-06-01948.7744514745734
2025-07-01875.6358463422832
2025-08-01940.4943182699109
2025-09-01889.6697934207807
2025-10-01920.3648602330976
2025-11-011097.7184419034425
2025-12-011127.8971058256943
2026-01-011167.814042576059
2026-02-011377.493746717563
2026-03-011285.8531969977018
2026-04-011155.186863899643
Annual Return Matrix
YearAnnual Return
2023-0.661716630282514
2024-0.6259730912038611
2025-0.0175856514247964
20260.024195254986464798
Total Factor Risk
0.5605675581651561
VTI.US Exposure
-0.08449612891583795
VEA.US Exposure
-0.013304314637709928
VWO.US Exposure
0.0017724257932283753
QQQ.US Exposure
0.035530335331187775
VTV.US Exposure
0.03052472750932001
IJR.US Exposure
0.015121734404220068
QUAL.US Exposure
0.021263964652394007
SHV.US Exposure
0.23771673364144777
TLT.US Exposure
-0.00228398084849421
LQD.US Exposure
0.0274562935536289
HYG.US Exposure
-0.015602349119687485
GLD.US Exposure
-0.0003776542799594627
USO.US Exposure
-0.0001912169807539024
VNQ.US Exposure
-0.008119775303194628
BTC-USD.CC Exposure
0.7213391796945172
CPER.US Exposure
0.0005264605941169567
VIX.INDX Exposure
0.008392330806952723
UUP.US Exposure
0.0047828314496375715
TIP.US Exposure
0.004624143678568352
Idiosyncratic Exposure
0.015324258976417551
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
56.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$76
Avg Yield on Cost
0.76%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$76.150.76%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-11.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+9.4%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
23.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-17.10
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is ProShares Trust - ProShares Short Bitcoin Strategy ETF a high-risk investment?

ProShares Trust - ProShares Short Bitcoin Strategy ETF (BITI.US) has an annualized volatility of 56.1% and experienced a maximum drawdown of 91.2% over the last 10 years. Its primary macro risk driver is BTC-USD.CC.

What is the 10-year return of BITI.US?

Over the past 10 years, BITI.US has generated a Compound Annual Growth Rate (CAGR) of -43.1%. It has had a positive return in 25% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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