BCCC vs. SBIT

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Bitcoin Covered Call ETF (BCCC) and Proshares Ultrashort Bitcoin ETF (SBIT).

BCCC and SBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCCC is an actively managed fund by Global X. It was launched on Jun 3, 2025. SBIT is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-200%). It was launched on Apr 1, 2024.

Performance

BCCC vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Covered Call ETF (BCCC) and Proshares Ultrashort Bitcoin ETF (SBIT). The values are adjusted to include any dividend payments, if applicable.

BCCC vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
BCCC Global X Bitcoin Covered Call ETF	-18.37%	-7.14%
SBIT Proshares Ultrashort Bitcoin ETF	32.95%	19.29%

Returns By Period

In the year-to-date period, BCCC achieves a -18.37% return, which is significantly lower than SBIT's 32.95% return.

BCCC

• 1D: 1.12%
• 1M: 4.09%
• YTD: -18.37%
• 6M: -31.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIT

• 1D: -3.83%
• 1M: -10.83%
• YTD: 32.95%
• 6M: 101.70%
• 1Y: -10.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCCC vs. SBIT - Expense Ratio Comparison

BCCC has a 0.75% expense ratio, which is lower than SBIT's 0.95% expense ratio.

SBIT

Proshares Ultrashort Bitcoin ETF

BCCC

Global X Bitcoin Covered Call ETF

Return for Risk

BCCC vs. SBIT — Risk / Return Rank

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

SBIT

SBIT Risk / Return Rank: 14
SBIT Sharpe Ratio Rank: 10
SBIT Sortino Ratio Rank: 19
SBIT Omega Ratio Rank: 18
SBIT Calmar Ratio Rank: 10
SBIT Martin Ratio Rank: 11

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.

BCCC vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCCC	SBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	-0.49	-0.30

Correlation

The correlation between BCCC and SBIT is -0.98. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

BCCC vs. SBIT - Dividend Comparison

BCCC's dividend yield for the trailing twelve months is around 51.39%, more than SBIT's 2.91% yield.

	TTM	2025	2024
BCCC Global X Bitcoin Covered Call ETF	51.39%	29.55%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	2.91%	0.52%	1.00%

Drawdowns

BCCC vs. SBIT - Drawdown Comparison

The maximum BCCC drawdown since its inception was -41.62%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BCCC and SBIT.

Drawdown Indicators

	BCCC	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-41.62%	-91.35%	+49.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-67.11%	—
Current Drawdown Current decline from peak	-34.76%	-78.90%	+44.14%
Average Drawdown Average peak-to-trough decline	-14.24%	-67.26%	+53.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	47.11%	—

Volatility

Volatility by Period

	BCCC	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	72.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.66%	90.44%	-53.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.66%	99.68%	-63.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.66%	99.68%	-63.02%