ASTX vs. SBIT

Last updated Jul 14, 2026

ASTX (Tradr 2X Long ASTS Daily ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - ASTX is a Leveraged Equities fund actively managed by Tradr, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). ASTX is actively managed, while SBIT is passively managed. Over the past year, ASTX returned -42.09% vs 124.12% for SBIT. At a correlation of -0.32, they often move in opposite directions. ASTX charges 1.30%/yr vs 0.95%/yr for SBIT.

Performance

ASTX vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long ASTS Daily ETF (ASTX) 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, ASTX achieves a -61.97% return, which is significantly lower than SBIT's 44.00% return.

ASTX

• 1D: -15.53%
• 1M: -39.48%
• 6M: -77.89%
• YTD: -61.97%
• 1Y: -42.09%
• 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)

ASTX vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
ASTX Tradr 2X Long ASTS Daily ETF	-61.97%	63.68%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	42.63%

Correlation

The correlation between ASTX and SBIT is -0.31, 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	-0.31
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.32

Return for Risk

ASTX vs. SBIT — Risk / Return Rank

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

ASTX

ASTX Risk / Return Rank: 14
ASTX Sharpe Ratio Rank: 7
ASTX Sortino Ratio Rank: 27
ASTX Omega Ratio Rank: 24
ASTX Calmar Ratio Rank: 5
ASTX Martin Ratio Rank: 6

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.

ASTX vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ASTS Daily ETF (ASTX) 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.

	ASTX	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.41	-1.61
Sortino ratio: Return per unit of downside risk	1.25	2.05	-0.80
Omega ratio: Gain probability vs. loss probability	1.14	1.25	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.50	2.60	-3.10
Martin ratio: Return relative to average drawdown	-0.80	5.92	-6.73

ASTX vs. SBIT - Sharpe Ratio Comparison

The current ASTX Sharpe Ratio is -0.20, which is lower than the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of ASTX 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

ASTX vs. SBIT - Drawdown Comparison

The maximum ASTX drawdown since its inception was -84.62%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for ASTX and SBIT.

Drawdown Indicators

	ASTX	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-84.62%	-91.35%	+6.73%
Max Drawdown (1Y) Largest decline over 1 year	-84.62%	-47.94%	-36.68%
Current Drawdown Current decline from peak	-84.62%	-77.15%	-7.47%
Average Drawdown Average peak-to-trough decline	-47.33%	-68.83%	+21.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.44%	21.04%	+31.40%

Volatility

ASTX vs. SBIT - Volatility Comparison

Tradr 2X Long ASTS Daily ETF (ASTX) has a higher volatility of 73.52% compared to Proshares Ultrashort Bitcoin ETF (SBIT) at 22.98%. This indicates that ASTX's price experiences larger fluctuations and is considered to be riskier than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASTX	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	73.52%	22.98%	+50.54%
Volatility (6M) Calculated over the trailing 6-month period	163.21%	68.89%	+94.32%
Volatility (1Y) Calculated over the trailing 1-year period	215.94%	88.51%	+127.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.62%	96.89%	+118.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.62%	96.89%	+118.73%

ASTX vs. SBIT - Expense Ratio Comparison

ASTX has a 1.30% expense ratio, which is higher than SBIT's 0.95% expense ratio.

Dividends

ASTX vs. SBIT - Dividend Comparison

ASTX has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 3.97%.

Position	TTM	2025	2024
ASTX Tradr 2X Long ASTS Daily ETF	0.00%	0.00%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%

Frequently Asked Questions

Can I hold both ASTX and SBIT in my portfolio?

ASTX and SBIT have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASTX or SBIT?

ASTX has higher volatility (73.52%) compared to SBIT (22.98%). In terms of maximum drawdown, ASTX dropped -84.62% vs SBIT's -91.35%.

Which ETF is better, ASTX or SBIT?

On 1-year performance, SBIT leads with 124.12% vs -42.09% for ASTX. On fees, SBIT is cheaper at 0.95% per year. On volatility, SBIT has been the lower-risk option at 22.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASTX or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs -42.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASTX or SBIT?

SBIT is cheaper with a 0.95% expense ratio, compared with 1.30% for ASTX.

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

SBIT has the higher dividend yield at 3.97%, compared with 0.00% for ASTX.

What is the main difference between ASTX and SBIT?

ASTX is categorized as Leveraged Equities, while SBIT is Cryptocurrency. They also come from different issuers: Tradr and ProShares. Their fees differ too: 1.30% for ASTX and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.41 vs -0.20), 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.