Proshares Ultrashort Bitcoin ETF (SBIT)
The ETF aims to deliver daily investment returns, net of fees and expenses, that are twice the opposite (inverse -2x) of the daily changes in the Bloomberg Bitcoin Index's value.
ETF Info
74349Y803
Apr 1, 2024
2x
Bloomberg Bitcoin Index (-200%)
Distributing
Expense Ratio
SBIT has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Proshares Ultrashort Bitcoin ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Proshares Ultrashort Bitcoin ETF (SBIT) returned -25.29% year-to-date (YTD) and -82.64% over the past 12 months.
SBIT
-25.29%
-24.74%
-65.69%
-82.64%
N/A
N/A
^GSPC (Benchmark)
-3.31%
0.28%
-0.74%
12.29%
15.01%
10.56%
Monthly Returns
The table below presents the monthly returns of SBIT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -19.14% | 40.86% | -2.59% | -28.55% | -5.77% | -25.29% | |||||||
| 2024 | 18.61% | -28.28% | 23.42% | -22.18% | 8.39% | -18.03% | -21.03% | -54.27% | 2.52% | -73.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SBIT is 1, meaning it’s performing worse than 99% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Proshares Ultrashort Bitcoin ETF (SBIT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Proshares Ultrashort Bitcoin ETF provided a 1.08% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2024 |
|---|---|---|
| Dividend | $0.10 | $0.12 |
Dividend yield | 1.08% | 1.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Proshares Ultrashort Bitcoin ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.03 | $0.04 | $0.03 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Proshares Ultrashort Bitcoin ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Proshares Ultrashort Bitcoin ETF was 84.21%, occurring on Jan 21, 2025. The portfolio has not yet recovered.
The current Proshares Ultrashort Bitcoin ETF drawdown is 84.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -84.21% | May 2, 2024 | 180 | Jan 21, 2025 | — | — | — |
| -17.11% | Apr 4, 2024 | 3 | Apr 8, 2024 | 5 | Apr 15, 2024 | 8 |
| -16.87% | Apr 18, 2024 | 3 | Apr 22, 2024 | 6 | Apr 30, 2024 | 9 |
Volatility
Volatility Chart
The current Proshares Ultrashort Bitcoin ETF volatility is 31.30%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.