Proshares Ultrashort Bitcoin ETF (SBIT) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SBIT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SBIT
SBIT charges 0.95% annually. There are 90 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 392.19M | Apr 2026 | SBIT vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | SBIT vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | SBIT vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | SBIT vs EZBC | |
| Franklin Crypto Index ETF | 0.19% | 14.11M | Feb 2025 | SBIT vs EZPZ |
Best Risk-Adjusted Alternatives to SBIT
SBIT has a PortfoliosLab risk / return rank of 45. There are 3 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | SBIT vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 62 | 240.40M | Feb 2022 | SBIT vs WGMI | |
| ProShares Short Bitcoin ETF | 51 | 129.73M | Jun 2022 | SBIT vs BITI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40 | — | Jul 2024 | SBIT vs BTCZ | |
| REX Crypto Equity Premium Income ETF | 31 | 111.94M | Dec 2024 | SBIT vs CEPI |
Top Performing SBIT Alternatives (YTD)
SBIT is at 35.42% YTD. There is 1 ETF in the Cryptocurrency category with a higher YTD return, going as high as 43.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 43.06% | 240.40M | Feb 2022 | SBIT vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 30.29% | — | Jul 2024 | SBIT vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.49% | 16.03M | Nov 2023 | SBIT vs SETH | |
| ProShares UltraShort Ether ETF | 29.04% | 60.61M | Jun 2024 | SBIT vs ETHD | |
| ProShares Short Bitcoin ETF | 25.22% | 129.73M | Jun 2022 | SBIT vs BITI |
Lowest Volatility Alternatives to SBIT
SBIT has 88.67% 1-year volatility. There are 120 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.95% | — | Oct 2025 | SBIT vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.65% | — | Oct 2025 | SBIT vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.48% | — | Oct 2025 | SBIT vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.54% | — | Oct 2025 | SBIT vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.69% | 7.65M | Sep 2025 | SBIT vs BFOC |
Lowest Drawdown Alternatives to SBIT
SBIT has a 1-year max drawdown of -47.94%. There are 13 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 23.25M | Aug 2022 | SBIT vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | SBIT vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | SBIT vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | SBIT vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | SBIT vs BTRN |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 29.42% | 32.83B | Feb 2010 | SBIT vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 48 | 23.13% | 12.76B | Jun 2006 | SBIT vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.40% | 1.41B | Oct 2021 | SBIT vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 65 | 26.96% | 5.15B | Jun 2009 | SBIT vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 19.52% | 7.81B | Jun 2006 | SBIT vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 58 | 55.27% | 2.47B | Jan 2007 | SBIT vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 51 | 11.50% | 11.68B | Oct 2013 | SBIT vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.05% | 2.00B | Feb 2010 | SBIT vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 52 | 11.89% | 394.37M | Mar 2024 | SBIT vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.18% | 244.68M | Oct 2011 | SBIT vs UVXY |
Often Compared With SBIT
Investors most often compare SBIT with IBIT, BTC-USD, BTCFX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare SBIT with Any Fund or Stock
Compare SBIT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SBIT with funds that move differently
Proshares Ultrashort Bitcoin ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SBIT.
Explore SBIT Diversifiers