BAI vs. SBIT
BAI (iShares A.I. Innovation and Tech Active ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - BAI is a Technology Equities fund actively managed by iShares, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). BAI is actively managed, while SBIT is passively managed. Over the past year, BAI returned 38.36% vs 98.77% for SBIT. Their -0.44 correlation means they have often moved in opposite directions in the past. BAI charges 0.55%/yr vs 0.95%/yr for SBIT.
Performance
BAI vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BAI achieves a 24.14% return, which is significantly lower than SBIT's 39.44% return.
BAI
- 1D
- 0.63%
- 1M
- -12.04%
- 6M
- 19.93%
- YTD
- 24.14%
- 1Y
- 38.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.60%
SBIT
- 1D
- 5.60%
- 1M
- -6.04%
- 6M
- 32.41%
- YTD
- 39.44%
- 1Y
- 98.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $167.58M | $166.96M | $208.62M | |
| $29.57M | $32.71M | $46.48M |
BAI vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 24.14% | 25.22% | 8.89% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -56.67% |
Correlation
The correlation between BAI and SBIT is -0.48, 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. | -0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | -0.44 |
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Return for Risk
BAI vs. SBIT — Risk / Return Rank
BAI
SBIT
BAI vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) 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.
| BAI | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.35 | -1.21 |
| Martin ratioReturn relative to average drawdown | 4.19 | 5.19 | -0.99 |
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Drawdowns
BAI vs. SBIT - Drawdown Comparison
The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BAI and SBIT.
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Drawdown Indicators
| BAI | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.09% | -91.35% | +57.26% |
Max Drawdown (1Y)Largest decline over 1 year | -30.85% | -47.94% | +17.09% |
Current DrawdownCurrent decline from peak | -23.77% | -77.87% | +54.10% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -69.07% | +61.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.33% | 21.67% | -13.34% |
Volatility
BAI vs. SBIT - Volatility Comparison
iShares A.I. Innovation and Tech Active ETF (BAI) has a higher volatility of 19.15% compared to Proshares Ultrashort Bitcoin ETF (SBIT) at 18.09%. This indicates that BAI'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.
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Volatility by Period
| BAI | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.15% | 18.09% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 37.57% | 67.10% | -29.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.83% | 88.65% | -45.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.75% | 96.10% | -56.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.75% | 96.10% | -56.35% |
BAI vs. SBIT - Expense Ratio Comparison
BAI has a 0.55% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
BAI vs. SBIT - Dividend Comparison
BAI's dividend yield for the trailing twelve months is around 1.44%, less than SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.44% | 1.80% | 0.00% |
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 0.52% | 1.00% |
Frequently Asked Questions
BAI and SBIT have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAI has higher volatility (19.15%) compared to SBIT (18.09%). In terms of maximum drawdown, BAI dropped -34.09% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 38.36% for BAI. On fees, BAI is cheaper at 0.55% per year. On volatility, SBIT has been the lower-risk option at 18.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBIT has performed better with a 98.77% return vs 38.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BAI is cheaper with a 0.55% expense ratio, compared with 0.95% for SBIT.
SBIT has the higher dividend yield at 4.03%, compared with 1.44% for BAI.
BAI is categorized as Technology Equities, while SBIT is Cryptocurrency. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.55% for BAI and 0.95% for SBIT.
SBIT currently has the higher Sharpe Ratio (1.27 vs 0.82), 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.
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