EET vs. SBIT

Last updated Jul 14, 2026

EET (ProShares Ultra MSCI Emerging Markets) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - EET is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (200%), while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, EET returned 65.15% vs 124.12% for SBIT. At a correlation of -0.37, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

EET vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Emerging Markets (EET) 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, EET achieves a 29.50% return, which is significantly lower than SBIT's 44.00% return.

EET

• 1D: -7.04%
• 1M: -9.71%
• 6M: 15.99%
• YTD: 29.50%
• 1Y: 65.15%
• 3Y*: 27.46%
• 5Y*: 1.94%
• 10Y*: 7.88%

SBIT

• 1D: 5.38%
• 1M: 1.44%
• 6M: 58.27%
• YTD: 44.00%
• 1Y: 124.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EET vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EET ProShares Ultra MSCI Emerging Markets	29.50%	63.14%	0.89%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	-25.11%	-73.74%

Correlation

The correlation between EET and SBIT is -0.45, 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	-0.45
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.37

Return for Risk

EET vs. SBIT — Risk / Return Rank

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

EET

EET Risk / Return Rank: 54
EET Sharpe Ratio Rank: 51
EET Sortino Ratio Rank: 45
EET Omega Ratio Rank: 53
EET Calmar Ratio Rank: 63
EET Martin Ratio Rank: 59

SBIT

SBIT Risk / Return Rank: 52
SBIT Sharpe Ratio Rank: 51
SBIT Sortino Ratio Rank: 52
SBIT Omega Ratio Rank: 48
SBIT Calmar Ratio Rank: 66
SBIT Martin Ratio Rank: 45

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.

EET vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) 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.

	EET	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.41	-0.02
Sortino ratio: Return per unit of downside risk	1.86	2.05	-0.20
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	2.48	2.60	-0.12
Martin ratio: Return relative to average drawdown	8.10	5.92	+2.18

EET vs. SBIT - Sharpe Ratio Comparison

The current EET Sharpe Ratio is 1.39, which is comparable to the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of EET 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

EET vs. SBIT - Drawdown Comparison

The maximum EET drawdown since its inception was -71.66%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for EET and SBIT.

Drawdown Indicators

	EET	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-71.66%	-91.35%	+19.69%
Max Drawdown (1Y) Largest decline over 1 year	-26.38%	-47.94%	+21.56%
Max Drawdown (3Y) Largest decline over 3 years	-34.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-62.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.07%	—	—
Current Drawdown Current decline from peak	-18.67%	-77.15%	+58.48%
Average Drawdown Average peak-to-trough decline	-37.10%	-68.83%	+31.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.07%	21.04%	-12.97%

Volatility

EET vs. SBIT - Volatility Comparison

ProShares Ultra MSCI Emerging Markets (EET) and Proshares Ultrashort Bitcoin ETF (SBIT) have volatilities of 22.93% and 22.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EET	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.93%	22.98%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	43.32%	68.89%	-25.57%
Volatility (1Y) Calculated over the trailing 1-year period	47.07%	88.51%	-41.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.43%	96.89%	-57.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.05%	96.89%	-55.84%

EET vs. SBIT - Expense Ratio Comparison

Both EET and SBIT have an expense ratio of 0.95%.

Dividends

EET vs. SBIT - Dividend Comparison

EET's dividend yield for the trailing twelve months is around 1.55%, less than SBIT's 3.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EET ProShares Ultra MSCI Emerging Markets	1.55%	1.82%	3.85%	2.14%	0.00%	0.00%	0.01%	1.40%	0.16%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EET and SBIT in my portfolio?

EET and SBIT have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EET or SBIT?

SBIT has higher volatility (22.98%) compared to EET (22.93%). In terms of maximum drawdown, EET dropped -71.66% vs SBIT's -91.35%.

Which ETF is better, EET or SBIT?

On 1-year performance, SBIT leads with 124.12% vs 65.15% for EET. Both ETFs have the same 0.95% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EET or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs 65.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EET or SBIT?

EET and SBIT have the same expense ratio: 0.95% per year.

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

SBIT has the higher dividend yield at 3.97%, compared with 1.55% for EET.

What is the main difference between EET and SBIT?

EET is categorized as Leveraged Equities, while SBIT is Cryptocurrency. EET tracks MSCI Emerging Markets Index (200%), while SBIT tracks Bloomberg Bitcoin Index (-200%).

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.41 vs 1.39), 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.