BITY vs. SBIT

Last updated Jul 14, 2026

BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - BITY is a Derivative Income fund actively managed by Amplify, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). BITY is actively managed, while SBIT is passively managed. Over the past year, BITY returned -46.57% vs 124.12% for SBIT. At a correlation of -0.99, they often move in opposite directions. BITY charges 0.65%/yr vs 0.95%/yr for SBIT.

Performance

BITY vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bitcoin 2% Monthly Option Income ETF (BITY) 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, BITY achieves a -27.84% return, which is significantly lower than SBIT's 44.00% return.

BITY

• 1D: -3.03%
• 1M: -3.75%
• 6M: -31.18%
• YTD: -27.84%
• 1Y: -46.57%
• 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)

BITY vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-27.84%	-7.84%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	-4.22%

Correlation

The correlation between BITY and SBIT is -0.99, 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	-0.99
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	-0.99

The correlation between BITY and SBIT has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.

Return for Risk

BITY vs. SBIT — Risk / Return Rank

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

BITY

BITY Risk / Return Rank: 1
BITY Sharpe Ratio Rank: 1
BITY Sortino Ratio Rank: 1
BITY Omega Ratio Rank: 1
BITY Calmar Ratio Rank: 1
BITY Martin Ratio Rank: 1

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.

BITY vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) 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.

	BITY	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	-1.13	1.41	-2.54
Sortino ratio: Return per unit of downside risk	-1.73	2.05	-3.78
Omega ratio: Gain probability vs. loss probability	0.81	1.25	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.92	2.60	-3.52
Martin ratio: Return relative to average drawdown	-1.52	5.92	-7.44

BITY vs. SBIT - Sharpe Ratio Comparison

The current BITY Sharpe Ratio is -1.13, which is lower than the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of BITY 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

BITY vs. SBIT - Drawdown Comparison

The maximum BITY drawdown since its inception was -50.87%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BITY and SBIT.

Drawdown Indicators

	BITY	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-50.87%	-91.35%	+40.48%
Max Drawdown (1Y) Largest decline over 1 year	-50.87%	-47.94%	-2.93%
Current Drawdown Current decline from peak	-48.85%	-77.15%	+28.30%
Average Drawdown Average peak-to-trough decline	-22.05%	-68.83%	+46.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.65%	21.04%	+9.61%

Volatility

BITY vs. SBIT - Volatility Comparison

The current volatility for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) is 11.12%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that BITY 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

	BITY	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.12%	22.98%	-11.86%
Volatility (6M) Calculated over the trailing 6-month period	32.34%	68.89%	-36.55%
Volatility (1Y) Calculated over the trailing 1-year period	41.37%	88.51%	-47.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.36%	96.89%	-57.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.36%	96.89%	-57.53%

BITY vs. SBIT - Expense Ratio Comparison

BITY has a 0.65% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

BITY vs. SBIT - Dividend Comparison

BITY's dividend yield for the trailing twelve months is around 40.57%, more than SBIT's 3.97% yield.

Position	TTM	2025	2024
BITY Amplify Bitcoin 2% Monthly Option Income ETF	40.57%	21.53%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%

Frequently Asked Questions

Can I hold both BITY and SBIT in my portfolio?

BITY and SBIT have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITY or SBIT?

SBIT has higher volatility (22.98%) compared to BITY (11.12%). In terms of maximum drawdown, BITY dropped -50.87% vs SBIT's -91.35%.

Which ETF is better, BITY or SBIT?

On 1-year performance, SBIT leads with 124.12% vs -46.57% for BITY. On fees, BITY is cheaper at 0.65% per year. On volatility, BITY has been the lower-risk option at 11.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITY or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs -46.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITY or SBIT?

BITY is cheaper with a 0.65% expense ratio, compared with 0.95% for SBIT.

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

BITY has the higher dividend yield at 40.57%, compared with 3.97% for SBIT.

What is the main difference between BITY and SBIT?

BITY is categorized as Derivative Income, while SBIT is Cryptocurrency. They also come from different issuers: Amplify and ProShares. Their fees differ too: 0.65% for BITY and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.41 vs -1.13), 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.