AHLT vs. SBIT

Last updated Jul 14, 2026

AHLT (American Beacon AHL Trend ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - AHLT is a Systematic Trend fund actively managed by American Beacon, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). AHLT is actively managed, while SBIT is passively managed. Over the past year, AHLT returned 28.82% vs 124.12% for SBIT. At a correlation of -0.28, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

AHLT vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon AHL Trend ETF (AHLT) 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, AHLT achieves a 10.08% return, which is significantly lower than SBIT's 44.00% return.

AHLT

• 1D: 0.75%
• 1M: 0.46%
• 6M: 2.98%
• YTD: 10.08%
• 1Y: 28.82%
• 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)

AHLT vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AHLT American Beacon AHL Trend ETF	10.08%	13.73%	-4.17%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	-25.11%	-73.74%

Correlation

The correlation between AHLT and SBIT is -0.32, 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	-0.32
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.28

Return for Risk

AHLT vs. SBIT — Risk / Return Rank

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

AHLT

AHLT Risk / Return Rank: 65
AHLT Sharpe Ratio Rank: 63
AHLT Sortino Ratio Rank: 56
AHLT Omega Ratio Rank: 62
AHLT Calmar Ratio Rank: 82
AHLT Martin Ratio Rank: 63

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.

AHLT vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Trend ETF (AHLT) 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.

	AHLT	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.41	+0.23
Sortino ratio: Return per unit of downside risk	2.15	2.05	+0.10
Omega ratio: Gain probability vs. loss probability	1.30	1.25	+0.05
Calmar ratio: Return relative to maximum drawdown	3.51	2.60	+0.90
Martin ratio: Return relative to average drawdown	8.93	5.92	+3.00

AHLT vs. SBIT - Sharpe Ratio Comparison

The current AHLT Sharpe Ratio is 1.65, which is comparable to the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of AHLT 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

AHLT vs. SBIT - Drawdown Comparison

The maximum AHLT drawdown since its inception was -20.18%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for AHLT and SBIT.

Drawdown Indicators

	AHLT	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-20.18%	-91.35%	+71.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-47.94%	+39.68%
Current Drawdown Current decline from peak	-2.87%	-77.15%	+74.28%
Average Drawdown Average peak-to-trough decline	-9.16%	-68.83%	+59.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	21.04%	-17.80%

Volatility

AHLT vs. SBIT - Volatility Comparison

The current volatility for American Beacon AHL Trend ETF (AHLT) is 4.01%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that AHLT 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

	AHLT	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	22.98%	-18.97%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	68.89%	-57.26%
Volatility (1Y) Calculated over the trailing 1-year period	17.61%	88.51%	-70.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	96.89%	-79.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	96.89%	-79.58%

AHLT vs. SBIT - Expense Ratio Comparison

Both AHLT and SBIT have an expense ratio of 0.95%.

Dividends

AHLT vs. SBIT - Dividend Comparison

AHLT's dividend yield for the trailing twelve months is around 1.54%, less than SBIT's 3.97% yield.

Position	TTM	2025	2024	2023
AHLT American Beacon AHL Trend ETF	1.54%	1.70%	0.00%	3.72%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%	0.00%

Frequently Asked Questions

Can I hold both AHLT and SBIT in my portfolio?

AHLT and SBIT have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AHLT or SBIT?

SBIT has higher volatility (22.98%) compared to AHLT (4.01%). In terms of maximum drawdown, AHLT dropped -20.18% vs SBIT's -91.35%.

Which ETF is better, AHLT or SBIT?

On 1-year performance, SBIT leads with 124.12% vs 28.82% for AHLT. Both ETFs have the same 0.95% expense ratio. On volatility, AHLT has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AHLT or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs 28.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AHLT or SBIT?

AHLT and SBIT have the same expense ratio: 0.95% per year.

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

SBIT has the higher dividend yield at 3.97%, compared with 1.54% for AHLT.

What is the main difference between AHLT and SBIT?

AHLT is categorized as Systematic Trend, while SBIT is Cryptocurrency. They also come from different issuers: American Beacon and ProShares.

Which has better risk-adjusted returns?

AHLT currently has the higher Sharpe Ratio (1.65 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.