DECO vs. SBIT

Last updated Jun 4, 2026

DECO (State Street Galaxy Digital Asset Ecosystem ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - DECO is a Blockchain fund actively managed by State Street, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). DECO is actively managed, while SBIT is passively managed. Over the past year, DECO returned 167.73% vs 68.00% for SBIT. At a correlation of -0.66, they often move in opposite directions. DECO charges 0.65%/yr vs 0.95%/yr for SBIT.

Performance

DECO vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Digital Asset Ecosystem ETF (DECO) 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, DECO achieves a 79.56% return, which is significantly higher than SBIT's 37.02% return.

DECO

• 1D: 0.01%
• 1M: 39.50%
• YTD: 79.56%
• 6M: 62.77%
• 1Y: 167.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIT

• 1D: 5.42%
• 1M: 46.58%
• YTD: 37.02%
• 6M: 52.37%
• 1Y: 68.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DECO vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECO State Street Galaxy Digital Asset Ecosystem ETF	79.56%	42.48%	29.54%
SBIT Proshares Ultrashort Bitcoin ETF	37.02%	-25.11%	-69.65%

Correlation

The correlation between DECO and SBIT is -0.65, 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	-0.65
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024	-0.66

The correlation between DECO and SBIT has been stable across timeframes, ranging from -0.66 to -0.65 - a consistent structural relationship.

Return for Risk

DECO vs. SBIT — Risk / Return Rank

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

DECO

DECO Risk / Return Rank: 89
DECO Sharpe Ratio Rank: 95
DECO Sortino Ratio Rank: 87
DECO Omega Ratio Rank: 82
DECO Calmar Ratio Rank: 93
DECO Martin Ratio Rank: 87

SBIT

SBIT Risk / Return Rank: 26
SBIT Sharpe Ratio Rank: 22
SBIT Sortino Ratio Rank: 28
SBIT Omega Ratio Rank: 27
SBIT Calmar Ratio Rank: 29
SBIT Martin Ratio Rank: 22

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.

DECO vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Digital Asset Ecosystem ETF (DECO) 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.

	DECO	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	3.80	0.78	+3.02
Sortino ratio: Return per unit of downside risk	3.94	1.54	+2.40
Omega ratio: Gain probability vs. loss probability	1.49	1.18	+0.31
Calmar ratio: Return relative to maximum drawdown	6.59	1.43	+5.17
Martin ratio: Return relative to average drawdown	18.43	2.76	+15.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DECO vs. SBIT - Sharpe Ratio Comparison

The current DECO Sharpe Ratio is 3.80, which is higher than the SBIT Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of DECO 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.

Sharpe Ratios by Period

	DECO	SBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	0.78	+3.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.96	-0.46	+2.42

Drawdowns

DECO vs. SBIT - Drawdown Comparison

The maximum DECO drawdown since its inception was -47.71%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for DECO and SBIT.

Drawdown Indicators

	DECO	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-91.35%	+43.64%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-47.94%	+22.34%
Current Drawdown Current decline from peak	-0.33%	-78.26%	+77.93%
Average Drawdown Average peak-to-trough decline	-11.67%	-68.55%	+56.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.14%	24.69%	-15.55%

Volatility

DECO vs. SBIT - Volatility Comparison

The current volatility for State Street Galaxy Digital Asset Ecosystem ETF (DECO) is 11.53%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.22%. This indicates that DECO 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

	DECO	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	18.22%	-6.69%
Volatility (6M) Calculated over the trailing 6-month period	33.83%	68.46%	-34.63%
Volatility (1Y) Calculated over the trailing 1-year period	44.46%	87.18%	-42.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.50%	97.47%	-45.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.50%	97.47%	-45.97%

DECO vs. SBIT - Expense Ratio Comparison

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

Dividends

DECO vs. SBIT - Dividend Comparison

DECO's dividend yield for the trailing twelve months is around 0.64%, less than SBIT's 3.42% yield.

Position	TTM	2025	2024
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.64%	1.16%	1.73%
SBIT Proshares Ultrashort Bitcoin ETF	3.42%	0.52%	1.00%

Frequently Asked Questions

Can I hold both DECO and SBIT in my portfolio?

DECO and SBIT have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DECO or SBIT?

SBIT has higher volatility (18.22%) compared to DECO (11.53%). In terms of maximum drawdown, DECO dropped -47.71% vs SBIT's -91.35%.

Which ETF is better, DECO or SBIT?

On 1-year performance, DECO leads with 167.73% vs 68.00% for SBIT. On fees, DECO is cheaper at 0.65% per year. On volatility, DECO has been the lower-risk option at 11.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECO or SBIT?

Over the 1-year period, DECO has performed better with a 167.73% return vs 68.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECO or SBIT?

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

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

SBIT has the higher dividend yield at 3.42%, compared with 0.64% for DECO.

What is the main difference between DECO and SBIT?

DECO is categorized as Blockchain, while SBIT is Cryptocurrency. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.65% for DECO and 0.95% for SBIT.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (3.80 vs 0.78), 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.