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Global X BetaPro Inverse Bitcoin ETF (BITI : TSX)

Alternative Other

Close
(07-19-2024)
$4.64
Change
-$0.31 (-6.26%)
Open $4.81
Day Range $4.63 - $4.89
Volume 158,225

As at June 30, 2024

Period
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Legend

Global X BetaPro Inverse Bitcoin ETF

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Fund Returns

Inception Return (April 14, 2021): -27.72%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 12.44% 15.71% -33.92% -33.92% -53.58% -55.12% -38.47% - - - - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average -6.93% 30.57% 30.57% 30.57% 51.82% 49.38% 8.60% 8.55% 7.64% 6.40% 6.34% 6.44% 5.37% 5.00%
Category Rank 1 / 90 1 / 90 90 / 90 90 / 90 82 / 83 72 / 73 30 / 31 - - - - - - -
Quartile Ranking 1 1 4 4 4 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 4.48% 13.23% -2.66% -21.70% -10.63% -12.83% -1.07% -31.75% -15.42% 20.48% -14.59% 12.44%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

60.47% (June 2022)

Worst Monthly Return Since Inception

-39.57% (October 2021)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - 80.37% -67.64%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 4.57% -0.60% 6.48% 4.63% -4.48% 6.64% 14.43% 7.75% -45.86% 66.56%
Quartile Ranking - - - - - - - - 1 4
Category Rank - - - - - - - - 1/ 65 78/ 79

Best Calendar Return (Last 10 years)

80.37% (2022)

Worst Calendar Return (Last 10 years)

-67.64% (2023)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Global X BetaPro Inverse Bitcoin ETF

Median

Other - Alternative Other

3 Yr Annualized

Standard Deviation 68.35% - -
Beta -3.19% - -
Alpha -0.04% - -
Rsquared 0.39% - -
Sharpe -0.41% - -
Sortino -0.56% - -
Treynor 0.09% - -
Tax Efficiency - - -
Volatility Volatility rating is 10 on a scale of 1 to 10 - -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 54.12% 68.35% - -
Beta -1.75% -3.19% - -
Alpha -0.39% -0.04% - -
Rsquared 0.14% 0.39% - -
Sharpe -1.20% -0.41% - -
Sortino -1.32% -0.56% - -
Treynor 0.37% 0.09% - -
Tax Efficiency - - - -

Fund Details

Start Date April 14, 2021
Instrument Type Exchange Traded Fund (Alternative)
Share Class Do-It-Yourself
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency No Distribution
Assets ($mil) -
52 Week High $14.20
52 Week Low $4.44
Annual Dividend -
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure -
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

BITI is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, through short investments in Bitcoin Futures, that endeavour to correspond to the single inverse (opposite) performance of an index that replicates the returns generated over time through long notional investments in Bitcoin Futures. The current Underlying Index of HIBT is the Horizons Bitcoin Front Month Rolling Futures Index (Excess Return).

Investment Strategy

BITI invests in financial instruments (also referred to as BTC-Exposed Instruments) that have similar return characteristics as one times (100%) the inverse (opposite) of the performance of the Underlying Index. In order to achieve this objective, the total underlying value of these instruments typically does not exceed one times the total assets of the ETF.

Portfolio Manager(s)

Name Start Date
Horizons ETFs Management (Canada) Inc. 02-17-2021

Management and Organization

Fund Manager Horizons ETFs Management (Canada) Inc.
Advisor Horizons ETFs Management (Canada) Inc.
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor KPMG LLP

Fees

MER -
Management Fee 1.45%

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