AIBU vs. SBIT

Last updated Aug 2, 2026

AIBU (Direxion Daily AI and Big Data Bull 2X Shares) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - AIBU is a Artificial Intelligence fund tracking the Solactive US AI & Big Data Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, AIBU returned 34.82% vs 98.77% for SBIT. Their -0.43 correlation means they have often moved in opposite directions in the past. AIBU charges 0.96%/yr vs 0.95%/yr for SBIT.

Performance

AIBU vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AI and Big Data Bull 2X Shares (AIBU) 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, AIBU achieves a 16.14% return, which is significantly lower than SBIT's 39.44% return.

AIBU

• 1D: 2.61%
• 1M: -4.18%
• 6M: 18.30%
• YTD: 16.14%
• 1Y: 34.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.63%

SBIT

• 1D: 5.60%
• 1M: -6.04%
• 6M: 32.41%
• YTD: 39.44%
• 1Y: 98.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -42.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIBU Direxion Daily AI and Big Data Bull 2X Shares	$404.18K	$460.73K	$1.05M
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

AIBU vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIBU Direxion Daily AI and Big Data Bull 2X Shares	16.14%	42.25%	41.01%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-74.66%

Correlation

The correlation between AIBU and SBIT is -0.50, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.50
Correlation (All Time) Calculated using the full available price history since May 15, 2024	-0.43

Return for Risk

AIBU vs. SBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIBU

AIBU Risk / Return Rank: 22
AIBU Sharpe Ratio Rank: 22
AIBU Sortino Ratio Rank: 25
AIBU Omega Ratio Rank: 25
AIBU Calmar Ratio Rank: 20
AIBU Martin Ratio Rank: 19

SBIT

SBIT Risk / Return Rank: 55
SBIT Sharpe Ratio Rank: 52
SBIT Sortino Ratio Rank: 56
SBIT Omega Ratio Rank: 52
SBIT Calmar Ratio Rank: 68
SBIT Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIBU vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bull 2X Shares (AIBU) 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.

	AIBU	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.27	-0.81
Sortino ratio: Return per unit of downside risk	0.97	1.95	-0.98
Omega ratio: Gain probability vs. loss probability	1.12	1.23	-0.12
Calmar ratio: Return relative to maximum drawdown	0.50	2.35	-1.85
Martin ratio: Return relative to average drawdown	1.11	5.19	-4.07

AIBU vs. SBIT - Sharpe Ratio Comparison

The current AIBU Sharpe Ratio is 0.46, which is lower than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of AIBU 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

AIBU vs. SBIT - Drawdown Comparison

The maximum AIBU drawdown since its inception was -51.17%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for AIBU and SBIT.

Drawdown Indicators

	AIBU	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-91.35%	+40.18%
Max Drawdown (1Y) Largest decline over 1 year	-48.71%	-47.94%	-0.77%
Current Drawdown Current decline from peak	-24.97%	-77.87%	+52.90%
Average Drawdown Average peak-to-trough decline	-14.23%	-69.07%	+54.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.64%	21.67%	-0.03%

Volatility

AIBU vs. SBIT - Volatility Comparison

The current volatility for Direxion Daily AI and Big Data Bull 2X Shares (AIBU) is 17.14%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that AIBU 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

	AIBU	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.14%	18.09%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	41.73%	67.10%	-25.37%
Volatility (1Y) Calculated over the trailing 1-year period	52.81%	88.65%	-35.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.02%	96.10%	-40.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.02%	96.10%	-40.08%

AIBU vs. SBIT - Expense Ratio Comparison

AIBU has a 0.96% expense ratio, which is higher than SBIT's 0.95% expense ratio.

Dividends

AIBU vs. SBIT - Dividend Comparison

AIBU's dividend yield for the trailing twelve months is around 1.85%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024
AIBU Direxion Daily AI and Big Data Bull 2X Shares	1.85%	2.27%	1.33%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both AIBU and SBIT in my portfolio?

AIBU and SBIT have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIBU or SBIT?

SBIT has higher volatility (18.09%) compared to AIBU (17.14%). In terms of maximum drawdown, AIBU dropped -51.17% vs SBIT's -91.35%.

Which ETF is better, AIBU or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 34.82% for AIBU. On fees, SBIT is cheaper at 0.95% per year. On volatility, AIBU has been the lower-risk option at 17.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIBU or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 34.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIBU or SBIT?

SBIT is cheaper with a 0.95% expense ratio, compared with 0.96% for AIBU.

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

SBIT has the higher dividend yield at 4.03%, compared with 1.85% for AIBU.

What is the main difference between AIBU and SBIT?

AIBU is categorized as Artificial Intelligence, while SBIT is Cryptocurrency. AIBU tracks Solactive US AI & Big Data Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.96% for AIBU and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs 0.46), 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.