CGGE vs. SBIT

Last updated Aug 2, 2026

CGGE (Capital Group Global Equity ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - CGGE is a Global Equities fund actively managed by Capital Group, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). CGGE is actively managed, while SBIT is passively managed. Over the past year, CGGE returned 20.74% vs 98.77% for SBIT. Their -0.42 correlation means they have often moved in opposite directions in the past. CGGE charges 0.47%/yr vs 0.95%/yr for SBIT.

Performance

CGGE vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Global Equity ETF (CGGE) 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, CGGE achieves a 9.99% return, which is significantly lower than SBIT's 39.44% return.

CGGE

• 1D: 0.38%
• 1M: -0.43%
• 6M: 7.05%
• YTD: 9.99%
• 1Y: 20.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.35%

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)
CGGE Capital Group Global Equity ETF	$20.71M	$18.71M	$20.66M
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

CGGE vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGGE Capital Group Global Equity ETF	9.99%	24.50%	2.05%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.56%

Correlation

The correlation between CGGE and SBIT is -0.46, 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.	-0.46
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	-0.42

Return for Risk

CGGE vs. SBIT — Risk / Return Rank

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

CGGE

CGGE Risk / Return Rank: 55
CGGE Sharpe Ratio Rank: 53
CGGE Sortino Ratio Rank: 55
CGGE Omega Ratio Rank: 51
CGGE Calmar Ratio Rank: 50
CGGE Martin Ratio Rank: 65

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.

CGGE vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Global Equity ETF (CGGE) 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.

	CGGE	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.27	+0.03
Sortino ratio: Return per unit of downside risk	1.91	1.95	-0.04
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.80	2.35	-0.55
Martin ratio: Return relative to average drawdown	7.86	5.19	+2.68

CGGE vs. SBIT - Sharpe Ratio Comparison

The current CGGE Sharpe Ratio is 1.30, which is comparable to the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of CGGE 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

CGGE vs. SBIT - Drawdown Comparison

The maximum CGGE drawdown since its inception was -14.44%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for CGGE and SBIT.

Drawdown Indicators

	CGGE	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-14.44%	-91.35%	+76.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-47.94%	+37.01%
Current Drawdown Current decline from peak	-1.56%	-77.87%	+76.31%
Average Drawdown Average peak-to-trough decline	-1.76%	-69.07%	+67.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	21.67%	-19.17%

Volatility

CGGE vs. SBIT - Volatility Comparison

The current volatility for Capital Group Global Equity ETF (CGGE) is 4.45%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that CGGE 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

	CGGE	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	18.09%	-13.64%
Volatility (6M) Calculated over the trailing 6-month period	13.02%	67.10%	-54.08%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	88.65%	-73.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	96.10%	-80.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	96.10%	-80.45%

CGGE vs. SBIT - Expense Ratio Comparison

CGGE has a 0.47% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

CGGE vs. SBIT - Dividend Comparison

CGGE's dividend yield for the trailing twelve months is around 0.37%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024
CGGE Capital Group Global Equity ETF	0.37%	0.40%	0.35%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both CGGE and SBIT in my portfolio?

CGGE and SBIT have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGGE or SBIT?

SBIT has higher volatility (18.09%) compared to CGGE (4.45%). In terms of maximum drawdown, CGGE dropped -14.44% vs SBIT's -91.35%.

Which ETF is better, CGGE or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 20.74% for CGGE. On fees, CGGE is cheaper at 0.47% per year. On volatility, CGGE has been the lower-risk option at 4.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGGE or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 20.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGGE or SBIT?

CGGE is cheaper with a 0.47% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.03%, compared with 0.37% for CGGE.

What is the main difference between CGGE and SBIT?

CGGE is categorized as Global Equities, while SBIT is Cryptocurrency. They also come from different issuers: Capital Group and ProShares. Their fees differ too: 0.47% for CGGE and 0.95% for SBIT.

Which has better risk-adjusted returns?

CGGE currently has the higher Sharpe Ratio (1.30 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.