DOJE vs. SBIT

Last updated Aug 4, 2026

DOJE (REX-Osprey DOGE ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds - DOJE tracks the Dogecoin (DOGE) spot price while SBIT tracks the Bloomberg Bitcoin Index (-200%). Both are passively managed. Their -0.82 correlation means they have often moved in opposite directions in the past. DOJE charges 1.50%/yr vs 0.95%/yr for SBIT.

Performance

DOJE vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX-Osprey DOGE ETF (DOJE) 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, DOJE achieves a -40.41% return, which is significantly lower than SBIT's 35.42% return.

DOJE

• 1D: 0.48%
• 1M: -5.56%
• 6M: -35.57%
• YTD: -40.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SBIT

• 1D: -2.88%
• 1M: -8.74%
• 6M: 12.84%
• YTD: 35.42%
• 1Y: 93.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -43.26%

*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)
DOJE REX-Osprey DOGE ETF	$104.78K	$208.74K	$290.77K
SBIT Proshares Ultrashort Bitcoin ETF	$30.10M	$32.07M	$46.36M

DOJE vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
DOJE REX-Osprey DOGE ETF	-40.41%	-58.85%
SBIT Proshares Ultrashort Bitcoin ETF	35.42%	53.08%

Correlation

The correlation between DOJE and SBIT is -0.82, 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 Sep 18, 2025	-0.82

Return for Risk

DOJE vs. SBIT — Risk / Return Rank

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

DOJE

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

SBIT

SBIT Risk / Return Rank: 45
SBIT Sharpe Ratio Rank: 41
SBIT Sortino Ratio Rank: 48
SBIT Omega Ratio Rank: 44
SBIT Calmar Ratio Rank: 53
SBIT Martin Ratio Rank: 40

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.

DOJE vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX-Osprey DOGE ETF (DOJE) 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.

	DOJE	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.06	—
Sortino ratio: Return per unit of downside risk	—	1.78	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.95	—
Martin ratio: Return relative to average drawdown	—	4.30	—

Drawdowns

DOJE vs. SBIT - Drawdown Comparison

The maximum DOJE drawdown since its inception was -75.86%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for DOJE and SBIT.

Drawdown Indicators

	DOJE	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-75.86%	-91.35%	+15.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.94%	—
Current Drawdown Current decline from peak	-75.48%	-78.51%	+3.03%
Average Drawdown Average peak-to-trough decline	-55.98%	-69.09%	+13.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.71%	—

Volatility

Volatility by Period

	DOJE	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.94%	88.67%	-14.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.94%	96.04%	-22.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.94%	96.04%	-22.10%

DOJE vs. SBIT - Expense Ratio Comparison

DOJE has a 1.50% expense ratio, which is higher than SBIT's 0.95% expense ratio.

Dividends

DOJE vs. SBIT - Dividend Comparison

DOJE has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 5.09%.

Position	TTM	2025	2024
DOJE REX-Osprey DOGE ETF	0.00%	0.00%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	5.09%	0.52%	1.00%

Frequently Asked Questions

Can I hold both DOJE and SBIT in my portfolio?

DOJE and SBIT have a correlation of -0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DOJE or SBIT?

On fees, SBIT is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DOJE or SBIT?

SBIT is cheaper with a 0.95% expense ratio, compared with 1.50% for DOJE.

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

SBIT has the higher dividend yield at 5.09%, compared with 0.00% for DOJE.

What is the main difference between DOJE and SBIT?

DOJE tracks Dogecoin (DOGE) spot price, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: REX-Osprey and ProShares. Their fees differ too: 1.50% for DOJE and 0.95% for SBIT.