BUFY vs. SBIT

Last updated Aug 1, 2026

BUFY (FT Vest Laddered International Moderate Buffer ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - BUFY is a Defined Outcome fund actively managed by First Trust, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). BUFY is actively managed, while SBIT is passively managed. Over the past year, BUFY returned 13.45% vs 98.77% for SBIT. Their -0.34 correlation means they have often moved in opposite directions in the past. BUFY charges 1.00%/yr vs 0.95%/yr for SBIT.

Performance

BUFY vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Laddered International Moderate Buffer ETF (BUFY) 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, BUFY achieves a 6.34% return, which is significantly lower than SBIT's 39.44% return.

BUFY

• 1D: -0.32%
• 1M: 0.72%
• 6M: 4.42%
• YTD: 6.34%
• 1Y: 13.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.85%

SBIT

• 1D: 5.60%
• 1M: -6.04%
• 6M: 32.41%
• YTD: 39.44%
• 1Y: 98.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -42.65%

*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)
BUFY FT Vest Laddered International Moderate Buffer ETF	$1.58M	$1.10M	$933.44K
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

BUFY vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUFY FT Vest Laddered International Moderate Buffer ETF	6.34%	18.22%	-7.01%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-63.47%

Correlation

The correlation between BUFY and SBIT is -0.43, 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.	-0.43
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024	-0.34

Return for Risk

BUFY vs. SBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUFY

BUFY Risk / Return Rank: 84
BUFY Sharpe Ratio Rank: 83
BUFY Sortino Ratio Rank: 85
BUFY Omega Ratio Rank: 85
BUFY Calmar Ratio Rank: 80
BUFY Martin Ratio Rank: 87

SBIT

SBIT Risk / Return Rank: 55
SBIT Sharpe Ratio Rank: 52
SBIT Sortino Ratio Rank: 56
SBIT Omega Ratio Rank: 52
SBIT Calmar Ratio Rank: 68
SBIT Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUFY vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered International Moderate Buffer ETF (BUFY) 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.

	BUFY	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.27	+0.68
Sortino ratio: Return per unit of downside risk	2.84	1.95	+0.89
Omega ratio: Gain probability vs. loss probability	1.37	1.23	+0.14
Calmar ratio: Return relative to maximum drawdown	2.89	2.35	+0.54
Martin ratio: Return relative to average drawdown	12.80	5.19	+7.61

BUFY vs. SBIT - Sharpe Ratio Comparison

The current BUFY Sharpe Ratio is 1.95, which is higher than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of BUFY 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

BUFY vs. SBIT - Drawdown Comparison

The maximum BUFY drawdown since its inception was -8.01%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BUFY and SBIT.

Drawdown Indicators

	BUFY	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-8.01%	-91.35%	+83.34%
Max Drawdown (1Y) Largest decline over 1 year	-4.65%	-47.94%	+43.29%
Current Drawdown Current decline from peak	-0.32%	-77.87%	+77.55%
Average Drawdown Average peak-to-trough decline	-1.59%	-69.07%	+67.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	21.67%	-20.62%

Volatility

BUFY vs. SBIT - Volatility Comparison

The current volatility for FT Vest Laddered International Moderate Buffer ETF (BUFY) is 2.05%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that BUFY 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

	BUFY	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	18.09%	-16.04%
Volatility (6M) Calculated over the trailing 6-month period	6.05%	67.10%	-61.05%
Volatility (1Y) Calculated over the trailing 1-year period	6.91%	88.65%	-81.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.39%	96.10%	-87.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.39%	96.10%	-87.71%

BUFY vs. SBIT - Expense Ratio Comparison

BUFY has a 1.00% expense ratio, which is higher than SBIT's 0.95% expense ratio.

Dividends

BUFY vs. SBIT - Dividend Comparison

BUFY has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 4.10%.

Position	TTM	2025	2024
BUFY FT Vest Laddered International Moderate Buffer ETF	0.00%	0.00%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both BUFY and SBIT in my portfolio?

BUFY and SBIT have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFY or SBIT?

SBIT has higher volatility (18.09%) compared to BUFY (2.05%). In terms of maximum drawdown, BUFY dropped -8.01% vs SBIT's -91.35%.

Which ETF is better, BUFY or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 13.45% for BUFY. On fees, SBIT is cheaper at 0.95% per year. On volatility, BUFY has been the lower-risk option at 2.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFY or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 13.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFY or SBIT?

SBIT is cheaper with a 0.95% expense ratio, compared with 1.00% for BUFY.

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

SBIT has the higher dividend yield at 4.03%, compared with 0.00% for BUFY.

What is the main difference between BUFY and SBIT?

BUFY is categorized as Defined Outcome, while SBIT is Cryptocurrency. They also come from different issuers: First Trust and ProShares. Their fees differ too: 1.00% for BUFY and 0.95% for SBIT.

Which has better risk-adjusted returns?

BUFY currently has the higher Sharpe Ratio (1.95 vs 1.27), 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.