ADVE vs. SBIT

Last updated Jul 14, 2026

ADVE (Matthews Asia Dividend Active ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - ADVE is a Asia Pacific Equities fund actively managed by Matthews, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). ADVE is actively managed, while SBIT is passively managed. Over the past year, ADVE returned 30.26% vs 124.12% for SBIT. At a correlation of -0.36, they often move in opposite directions. ADVE charges 0.79%/yr vs 0.95%/yr for SBIT.

Performance

ADVE vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia Dividend Active ETF (ADVE) and Proshares Ultrashort Bitcoin ETF (SBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADVE achieves a 15.93% return, which is significantly lower than SBIT's 44.00% return.

ADVE

• 1D: -1.69%
• 1M: -2.43%
• 6M: 10.57%
• YTD: 15.93%
• 1Y: 30.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIT

• 1D: 5.38%
• 1M: 1.44%
• 6M: 58.27%
• YTD: 44.00%
• 1Y: 124.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADVE vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ADVE Matthews Asia Dividend Active ETF	15.93%	26.12%	4.78%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	-25.11%	-73.74%

Correlation

The correlation between ADVE and SBIT is -0.42, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.42
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.36

Return for Risk

ADVE vs. SBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADVE

ADVE Risk / Return Rank: 63
ADVE Sharpe Ratio Rank: 60
ADVE Sortino Ratio Rank: 58
ADVE Omega Ratio Rank: 64
ADVE Calmar Ratio Rank: 65
ADVE Martin Ratio Rank: 65

SBIT

SBIT Risk / Return Rank: 52
SBIT Sharpe Ratio Rank: 51
SBIT Sortino Ratio Rank: 52
SBIT Omega Ratio Rank: 48
SBIT Calmar Ratio Rank: 66
SBIT Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADVE vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Dividend Active ETF (ADVE) and Proshares Ultrashort Bitcoin ETF (SBIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ADVE	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.41	+0.18
Sortino ratio: Return per unit of downside risk	2.21	2.05	+0.16
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	2.59	2.60	-0.01
Martin ratio: Return relative to average drawdown	9.32	5.92	+3.40

ADVE vs. SBIT - Sharpe Ratio Comparison

The current ADVE Sharpe Ratio is 1.59, which is comparable to the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of ADVE and SBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADVE vs. SBIT - Drawdown Comparison

The maximum ADVE drawdown since its inception was -18.41%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for ADVE and SBIT.

Drawdown Indicators

	ADVE	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-18.41%	-91.35%	+72.94%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-47.94%	+36.21%
Current Drawdown Current decline from peak	-5.18%	-77.15%	+71.97%
Average Drawdown Average peak-to-trough decline	-3.20%	-68.83%	+65.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	21.04%	-17.78%

Volatility

ADVE vs. SBIT - Volatility Comparison

The current volatility for Matthews Asia Dividend Active ETF (ADVE) is 7.77%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that ADVE experiences smaller price fluctuations and is considered to be less risky than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVE	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	22.98%	-15.21%
Volatility (6M) Calculated over the trailing 6-month period	16.97%	68.89%	-51.92%
Volatility (1Y) Calculated over the trailing 1-year period	19.14%	88.51%	-69.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	96.89%	-80.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	96.89%	-80.50%

ADVE vs. SBIT - Expense Ratio Comparison

ADVE has a 0.79% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

ADVE vs. SBIT - Dividend Comparison

ADVE's dividend yield for the trailing twelve months is around 2.22%, less than SBIT's 3.97% yield.

Position	TTM	2025	2024	2023
ADVE Matthews Asia Dividend Active ETF	2.22%	2.97%	6.00%	0.37%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%	0.00%

Frequently Asked Questions

Can I hold both ADVE and SBIT in my portfolio?

ADVE and SBIT have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVE or SBIT?

SBIT has higher volatility (22.98%) compared to ADVE (7.77%). In terms of maximum drawdown, ADVE dropped -18.41% vs SBIT's -91.35%.

Which ETF is better, ADVE or SBIT?

On 1-year performance, SBIT leads with 124.12% vs 30.26% for ADVE. On fees, ADVE is cheaper at 0.79% per year. On volatility, ADVE has been the lower-risk option at 7.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADVE or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs 30.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADVE or SBIT?

ADVE is cheaper with a 0.79% expense ratio, compared with 0.95% for SBIT.

Which ETF pays a higher dividend yield, ADVE or SBIT?

SBIT has the higher dividend yield at 3.97%, compared with 2.22% for ADVE.

What is the main difference between ADVE and SBIT?

ADVE is categorized as Asia Pacific Equities, while SBIT is Cryptocurrency. They also come from different issuers: Matthews and ProShares. Their fees differ too: 0.79% for ADVE and 0.95% for SBIT.

Which has better risk-adjusted returns?

ADVE currently has the higher Sharpe Ratio (1.59 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.