DSMC vs. SBIT

Last updated Aug 2, 2026

DSMC (Distillate Small/Mid Cash Flow ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - DSMC is a Small Cap Value Equities fund actively managed by Distillate, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). DSMC is actively managed, while SBIT is passively managed. Over the past year, DSMC returned 31.37% vs 93.05% for SBIT. Their -0.33 correlation means they have often moved in opposite directions in the past. DSMC charges 0.55%/yr vs 0.95%/yr for SBIT.

Performance

DSMC vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Distillate Small/Mid Cash Flow ETF (DSMC) 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, DSMC achieves a 20.82% return, which is significantly lower than SBIT's 35.42% return.

DSMC

• 1D: -0.24%
• 1M: 3.93%
• 6M: 13.71%
• YTD: 20.82%
• 1Y: 31.37%
• 3Y*: 11.31%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.53%

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)
DSMC Distillate Small/Mid Cash Flow ETF	$134.46K	$196.71K	$205.16K
SBIT Proshares Ultrashort Bitcoin ETF	$30.10M	$32.07M	$46.36M

DSMC vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DSMC Distillate Small/Mid Cash Flow ETF	20.82%	2.73%	-4.20%
SBIT Proshares Ultrashort Bitcoin ETF	35.42%	-25.11%	-73.74%

Correlation

The correlation between DSMC and SBIT is -0.27, 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.	-0.27
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.33

Return for Risk

DSMC vs. SBIT — Risk / Return Rank

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

DSMC

DSMC Risk / Return Rank: 77
DSMC Sharpe Ratio Rank: 77
DSMC Sortino Ratio Rank: 81
DSMC Omega Ratio Rank: 73
DSMC Calmar Ratio Rank: 79
DSMC Martin Ratio Rank: 76

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.

DSMC vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Distillate Small/Mid Cash Flow ETF (DSMC) 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.

	DSMC	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.06	+0.70
Sortino ratio: Return per unit of downside risk	2.64	1.78	+0.86
Omega ratio: Gain probability vs. loss probability	1.31	1.21	+0.09
Calmar ratio: Return relative to maximum drawdown	2.83	1.95	+0.88
Martin ratio: Return relative to average drawdown	9.69	4.30	+5.38

DSMC vs. SBIT - Sharpe Ratio Comparison

The current DSMC Sharpe Ratio is 1.75, which is higher than the SBIT Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of DSMC 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

DSMC vs. SBIT - Drawdown Comparison

The maximum DSMC drawdown since its inception was -28.62%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for DSMC and SBIT.

Drawdown Indicators

	DSMC	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-28.62%	-91.35%	+62.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.33%	-47.94%	+37.61%
Max Drawdown (3Y) Largest decline over 3 years	-28.62%	—	—
Current Drawdown Current decline from peak	-1.56%	-78.51%	+76.95%
Average Drawdown Average peak-to-trough decline	-5.79%	-69.09%	+63.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	21.71%	-18.70%

Volatility

DSMC vs. SBIT - Volatility Comparison

The current volatility for Distillate Small/Mid Cash Flow ETF (DSMC) is 4.34%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 17.65%. This indicates that DSMC 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

	DSMC	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	17.65%	-13.31%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	67.17%	-56.70%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	88.67%	-71.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	96.04%	-75.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.18%	96.04%	-75.86%

DSMC vs. SBIT - Expense Ratio Comparison

DSMC has a 0.55% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

DSMC vs. SBIT - Dividend Comparison

DSMC's dividend yield for the trailing twelve months is around 1.09%, less than SBIT's 5.09% yield.

Position	TTM	2025	2024	2023	2022
DSMC Distillate Small/Mid Cash Flow ETF	1.09%	1.18%	1.31%	1.02%	0.27%
SBIT Proshares Ultrashort Bitcoin ETF	5.09%	0.52%	1.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSMC and SBIT in my portfolio?

DSMC and SBIT have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSMC or SBIT?

SBIT has higher volatility (17.65%) compared to DSMC (4.34%). In terms of maximum drawdown, DSMC dropped -28.62% vs SBIT's -91.35%.

Which ETF is better, DSMC or SBIT?

On 1-year performance, SBIT leads with 93.05% vs 31.37% for DSMC. On fees, DSMC is cheaper at 0.55% per year. On volatility, DSMC has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSMC or SBIT?

Over the 1-year period, SBIT has performed better with a 93.05% return vs 31.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSMC or SBIT?

DSMC is cheaper with a 0.55% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 5.09%, compared with 1.09% for DSMC.

What is the main difference between DSMC and SBIT?

DSMC is categorized as Small Cap Value Equities, while SBIT is Cryptocurrency. They also come from different issuers: Distillate and ProShares. Their fees differ too: 0.55% for DSMC and 0.95% for SBIT.

Which has better risk-adjusted returns?

DSMC currently has the higher Sharpe Ratio (1.75 vs 1.06), 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.