DFVE vs. SBIT

Last updated Aug 2, 2026

DFVE (Doubleline Fortune 500 Equal Weight ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - DFVE is a Large Cap Blend Equities fund tracking the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, DFVE returned 25.75% vs 98.77% for SBIT. Their -0.34 correlation means they have often moved in opposite directions in the past. DFVE charges 0.20%/yr vs 0.95%/yr for SBIT.

Performance

DFVE vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Fortune 500 Equal Weight ETF (DFVE) 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, DFVE achieves a 15.30% return, which is significantly lower than SBIT's 39.44% return.

DFVE

• 1D: -0.28%
• 1M: 1.35%
• 6M: 10.99%
• YTD: 15.30%
• 1Y: 25.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.09%

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)
DFVE Doubleline Fortune 500 Equal Weight ETF	$74.40K	$88.82K	$191.24K
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

DFVE vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DFVE Doubleline Fortune 500 Equal Weight ETF	15.30%	14.51%	4.58%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between DFVE and SBIT is -0.33, 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.	-0.33
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.34

Return for Risk

DFVE vs. SBIT — Risk / Return Rank

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

DFVE

DFVE Risk / Return Rank: 82
DFVE Sharpe Ratio Rank: 82
DFVE Sortino Ratio Rank: 84
DFVE Omega Ratio Rank: 80
DFVE Calmar Ratio Rank: 82
DFVE Martin Ratio Rank: 83

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.

DFVE vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) 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.

	DFVE	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.27	+0.63
Sortino ratio: Return per unit of downside risk	2.77	1.95	+0.82
Omega ratio: Gain probability vs. loss probability	1.34	1.23	+0.10
Calmar ratio: Return relative to maximum drawdown	3.05	2.35	+0.71
Martin ratio: Return relative to average drawdown	11.31	5.19	+6.12

DFVE vs. SBIT - Sharpe Ratio Comparison

The current DFVE Sharpe Ratio is 1.90, which is higher than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of DFVE 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

DFVE vs. SBIT - Drawdown Comparison

The maximum DFVE drawdown since its inception was -19.43%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for DFVE and SBIT.

Drawdown Indicators

	DFVE	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-19.43%	-91.35%	+71.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	-47.94%	+40.15%
Current Drawdown Current decline from peak	-1.24%	-77.87%	+76.63%
Average Drawdown Average peak-to-trough decline	-2.63%	-69.07%	+66.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	21.67%	-19.57%

Volatility

DFVE vs. SBIT - Volatility Comparison

The current volatility for Doubleline Fortune 500 Equal Weight ETF (DFVE) is 3.01%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that DFVE 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

	DFVE	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	18.09%	-15.08%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	67.10%	-58.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	88.65%	-76.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	96.10%	-80.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	96.10%	-80.82%

DFVE vs. SBIT - Expense Ratio Comparison

DFVE has a 0.20% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

DFVE vs. SBIT - Dividend Comparison

DFVE's dividend yield for the trailing twelve months is around 1.36%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024
DFVE Doubleline Fortune 500 Equal Weight ETF	1.36%	1.52%	1.53%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both DFVE and SBIT in my portfolio?

DFVE and SBIT have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFVE or SBIT?

SBIT has higher volatility (18.09%) compared to DFVE (3.01%). In terms of maximum drawdown, DFVE dropped -19.43% vs SBIT's -91.35%.

Which ETF is better, DFVE or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 25.75% for DFVE. On fees, DFVE is cheaper at 0.20% per year. On volatility, DFVE has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFVE or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 25.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFVE or SBIT?

DFVE is cheaper with a 0.20% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.03%, compared with 1.36% for DFVE.

What is the main difference between DFVE and SBIT?

DFVE is categorized as Large Cap Blend Equities, while SBIT is Cryptocurrency. DFVE tracks Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: DoubleLine and ProShares. Their fees differ too: 0.20% for DFVE and 0.95% for SBIT.

Which has better risk-adjusted returns?

DFVE currently has the higher Sharpe Ratio (1.90 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.