BTCK vs. SBIT

Last updated Jul 29, 2026

BTCK (7RCC Spot Bitcoin and Carbon Credit Futures ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds - BTCK tracks the 7RCC Kaiko Bitcoin Carbon Credit Index while SBIT tracks the Bloomberg Bitcoin Index (-200%). Both are passively managed. Their -0.39 correlation means they have often moved in opposite directions in the past. BTCK charges 0.44%/yr vs 0.95%/yr for SBIT.

Performance

BTCK vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK) and Proshares Ultrashort Bitcoin ETF (SBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTCK

• 1D: 2.12%
• 1M: 8.15%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SBIT

• 1D: 3.49%
• 1M: -14.16%
• 6M: 45.49%
• YTD: 36.01%
• 1Y: 111.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -43.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTCK 7RCC Spot Bitcoin and Carbon Credit Futures ETF	$8.17K	$15.45K	$76.85K
SBIT Proshares Ultrashort Bitcoin ETF	$26.87M	$35.60M	$46.44M

BTCK vs. SBIT - Yearly Performance Comparison

	2026 (YTD)
BTCK 7RCC Spot Bitcoin and Carbon Credit Futures ETF	0.81%
SBIT Proshares Ultrashort Bitcoin ETF	-0.74%

Correlation

The correlation between BTCK and SBIT is -0.39, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	-0.39

Return for Risk

BTCK vs. SBIT — Risk / Return Rank

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

BTCK

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

SBIT

SBIT Risk / Return Rank: 55
SBIT Sharpe Ratio Rank: 53
SBIT Sortino Ratio Rank: 57
SBIT Omega Ratio Rank: 53
SBIT Calmar Ratio Rank: 67
SBIT Martin Ratio Rank: 46

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.

BTCK vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK) 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.

	BTCK	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.27	—
Sortino ratio: Return per unit of downside risk	—	1.95	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	5.21	—

Drawdowns

BTCK vs. SBIT - Drawdown Comparison

The maximum BTCK drawdown since its inception was -8.40%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BTCK and SBIT.

Drawdown Indicators

	BTCK	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-8.40%	-91.35%	+82.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.94%	—
Current Drawdown Current decline from peak	-0.93%	-78.42%	+77.49%
Average Drawdown Average peak-to-trough decline	-4.46%	-69.02%	+64.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.56%	—

Volatility

Volatility by Period

	BTCK	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.03%	88.43%	-48.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.03%	96.24%	-56.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.03%	96.24%	-56.21%

BTCK vs. SBIT - Expense Ratio Comparison

BTCK has a 0.44% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

BTCK vs. SBIT - Dividend Comparison

BTCK has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 4.21%.

Position	TTM	2025	2024
BTCK 7RCC Spot Bitcoin and Carbon Credit Futures ETF	0.00%	0.00%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	4.21%	0.52%	1.00%

Frequently Asked Questions

Can I hold both BTCK and SBIT in my portfolio?

BTCK and SBIT have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCK or SBIT?

On fees, BTCK is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCK or SBIT?

BTCK is cheaper with a 0.44% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.21%, compared with 0.00% for BTCK.

What is the main difference between BTCK and SBIT?

BTCK tracks 7RCC Kaiko Bitcoin Carbon Credit Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: 7RCC and ProShares. Their fees differ too: 0.44% for BTCK and 0.95% for SBIT.