- CUSIP
- 74349Y803
- Issuer
- ProShares
- Inception Date
- Apr 1, 2024
- Category
- Cryptocurrency, Leveraged Cryptocurrency
- Leveraged
- 2x
- Index Tracked
- Bloomberg Bitcoin Index (-200%)
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $189M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SBIT Performance Chart
Proshares Ultrashort Bitcoin ETF (SBIT) is up 61.3% since the beginning of the year. SBIT is currently trading at $69 per share.
Loading charts...
Returns By Period
Proshares Ultrashort Bitcoin ETF (SBIT) has returned 61.33% so far this year and 106.87% over the past 12 months.
Proshares Ultrashort Bitcoin ETF
- 1D
- 2.31%
- 1M
- 56.16%
- YTD
- 61.33%
- 6M
- 60.82%
- 1Y
- 106.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
SBIT Monthly Returns History
Based on dividend-adjusted daily data since Apr 2, 2024, SBIT's average daily return is -0.01%, while the average monthly return is -1.09%.
Historically, 48% of months were positive and 52% were negative. The best month was Jun 2026 with a return of +46.6%, while the worst month was Nov 2024 at -54.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SBIT closed higher 52% of trading days. The best single day was Aug 5, 2024 with a return of +28.8%, while the worst single day was Nov 11, 2024 at -26.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.31% | 41.58% | -10.83% | -22.60% | 6.99% | 46.55% | 61.33% | ||||||
| 2025 | -19.14% | 40.86% | -2.59% | -28.55% | -20.51% | -6.92% | -16.01% | 13.62% | -11.82% | 4.85% | 39.56% | 3.68% | -25.11% |
| 2024 | 15.87% | -28.28% | 23.42% | -22.18% | 8.39% | -18.03% | -21.03% | -54.27% | 2.52% | -73.74% |
Benchmark Metrics
Proshares Ultrashort Bitcoin ETF has an annualized alpha of 49.64%, beta of -2.67, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since April 02, 2024.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -378.89%), but participation in market rallies was also limited (-136.77%) - a profile typical of counter-cyclical assets.
- Beta of -2.67 may look defensive, but with R2 of 0.19 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 49.64%
- Beta
- -2.67
- R²
- 0.19
- Upside Capture
- -136.77%
- Downside Capture
- -378.89%
Expense Ratio
SBIT has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SBIT ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Proshares Ultrashort Bitcoin ETF (SBIT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SBIT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.29 | -0.05 |
| Martin ratioReturn relative to average drawdown | 4.68 | 10.09 | -5.41 |
Dividends
Dividend History
Proshares Ultrashort Bitcoin ETF provided a 2.91% dividend yield over the last twelve months, with an annual payout of $2.00 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.00 | $0.23 | $0.59 |
Dividend yield | 2.91% | 0.52% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.34 | $1.11 | $0.26 | $0.03 | $0.05 | $1.80 | ||||||
| 2025 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.04 | $0.05 | $0.04 | $0.04 | $0.03 | $0.23 |
| 2024 | $0.14 | $0.22 | $0.16 | $0.06 | $0.01 | $0.00 | $0.00 | $0.00 | $0.59 |
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.
Loading charts...
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 91.35%, occurring on Oct 6, 2025. The portfolio has not yet recovered.
The current Proshares Ultrashort Bitcoin ETF drawdown is 74.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 bear market2025 | -91.35%Oct 2025 | 1y 5mo | — | 2y 1moMay 2024 - now |
2024 correction2024 | -18.40%Apr 2024 | 6d | 7d | 13dApr 2024 - Apr 2024 |
2024 correction2024 | -16.87%Apr 2024 | 4d | 8d | 12dApr 2024 - Apr 2024 |
Drawdown Indicators
| SBIT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.35% | -56.78% | -34.57% |
Max Drawdown (1Y)Largest decline over 1 year | -47.94% | -9.10% | -38.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -74.40% | -3.32% | -71.08% |
Average DrawdownAverage peak-to-trough decline | -68.68% | -10.71% | -57.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.94% | 2.06% | +20.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SBIT
Add Proshares Ultrashort Bitcoin ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SBIT