ASMH vs. SBIT

Last updated Aug 2, 2026

ASMH (ASML Holding NV ADR Hedged ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - ASMH is a Technology Equities fund tracking the ASML Holding NV Sponsored ADR, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, ASMH returned 140.25% vs 98.77% for SBIT. Their -0.28 correlation means they have often moved in opposite directions in the past. ASMH charges 0.19%/yr vs 0.95%/yr for SBIT.

Performance

ASMH vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASML Holding NV ADR Hedged ETF (ASMH) 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, ASMH achieves a 56.41% return, which is significantly higher than SBIT's 39.44% return.

ASMH

• 1D: -1.25%
• 1M: -8.15%
• 6M: 18.92%
• YTD: 56.41%
• 1Y: 140.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 105.08%

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)
ASMH ASML Holding NV ADR Hedged ETF	$131.16K	$380.41K	$302.79K
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

ASMH vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
ASMH ASML Holding NV ADR Hedged ETF	56.41%	59.22%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-10.79%

Correlation

The correlation between ASMH and SBIT is -0.29, 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.	-0.29
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.28

Return for Risk

ASMH vs. SBIT — Risk / Return Rank

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

ASMH

ASMH Risk / Return Rank: 94
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 91
ASMH Calmar Ratio Rank: 96
ASMH Martin Ratio Rank: 96

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.

ASMH vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV ADR Hedged ETF (ASMH) 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.

	ASMH	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	3.14	1.27	+1.87
Sortino ratio: Return per unit of downside risk	3.53	1.95	+1.59
Omega ratio: Gain probability vs. loss probability	1.43	1.23	+0.20
Calmar ratio: Return relative to maximum drawdown	6.35	2.35	+4.00
Martin ratio: Return relative to average drawdown	23.29	5.19	+18.10

ASMH vs. SBIT - Sharpe Ratio Comparison

The current ASMH Sharpe Ratio is 3.14, which is higher than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of ASMH 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

ASMH vs. SBIT - Drawdown Comparison

The maximum ASMH drawdown since its inception was -21.52%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for ASMH and SBIT.

Drawdown Indicators

	ASMH	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-21.52%	-91.35%	+69.83%
Max Drawdown (1Y) Largest decline over 1 year	-21.52%	-47.94%	+26.42%
Current Drawdown Current decline from peak	-18.35%	-77.87%	+59.52%
Average Drawdown Average peak-to-trough decline	-4.74%	-69.07%	+64.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.86%	21.67%	-15.81%

Volatility

ASMH vs. SBIT - Volatility Comparison

The current volatility for ASML Holding NV ADR Hedged ETF (ASMH) is 13.75%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that ASMH 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

	ASMH	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.75%	18.09%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	34.87%	67.10%	-32.23%
Volatility (1Y) Calculated over the trailing 1-year period	43.72%	88.65%	-44.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.65%	96.10%	-54.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.65%	96.10%	-54.45%

ASMH vs. SBIT - Expense Ratio Comparison

ASMH has a 0.19% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

ASMH vs. SBIT - Dividend Comparison

ASMH's dividend yield for the trailing twelve months is around 1.96%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024
ASMH ASML Holding NV ADR Hedged ETF	1.96%	0.19%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both ASMH and SBIT in my portfolio?

ASMH and SBIT have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMH or SBIT?

SBIT has higher volatility (18.09%) compared to ASMH (13.75%). In terms of maximum drawdown, ASMH dropped -21.52% vs SBIT's -91.35%.

Which ETF is better, ASMH or SBIT?

On 1-year performance, ASMH leads with 140.25% vs 98.77% for SBIT. On fees, ASMH is cheaper at 0.19% per year. On volatility, ASMH has been the lower-risk option at 13.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMH or SBIT?

Over the 1-year period, ASMH has performed better with a 140.25% return vs 98.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMH or SBIT?

ASMH is cheaper with a 0.19% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.03%, compared with 1.96% for ASMH.

What is the main difference between ASMH and SBIT?

ASMH is categorized as Technology Equities, while SBIT is Cryptocurrency. ASMH tracks ASML Holding NV Sponsored ADR, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Precidian and ProShares. Their fees differ too: 0.19% for ASMH and 0.95% for SBIT.

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.14 vs 1.27), 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.