BTCFX vs. SBIT
Compare and contrast key facts about Bitcoin ProFund Investor (BTCFX) and Proshares Ultrashort Bitcoin ETF (SBIT).
BTCFX is managed by ProFunds. It was launched on Jul 28, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCFX or SBIT.
Correlation
The correlation between BTCFX and SBIT is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTCFX vs. SBIT - Performance Comparison
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Key characteristics
BTCFX:
51.60%
SBIT:
64.59%
BTCFX:
0.00%
SBIT:
-17.01%
BTCFX:
0.00%
SBIT:
-17.01%
Returns By Period
BTCFX
N/A
N/A
N/A
N/A
N/A
N/A
SBIT
N/A
N/A
N/A
N/A
N/A
N/A
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BTCFX vs. SBIT - Expense Ratio Comparison
BTCFX has a 1.41% expense ratio, which is higher than SBIT's 0.95% expense ratio.
Risk-Adjusted Performance
BTCFX vs. SBIT — Risk-Adjusted Performance Rank
BTCFX
SBIT
BTCFX vs. SBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin ProFund Investor (BTCFX) 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.
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Dividends
BTCFX vs. SBIT - Dividend Comparison
Neither BTCFX nor SBIT has paid dividends to shareholders.
Drawdowns
BTCFX vs. SBIT - Drawdown Comparison
The maximum BTCFX drawdown since its inception was 0.00%, smaller than the maximum SBIT drawdown of -17.01%. Use the drawdown chart below to compare losses from any high point for BTCFX and SBIT. For additional features, visit the drawdowns tool.
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Volatility
BTCFX vs. SBIT - Volatility Comparison
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