ETU vs. SBIT
ETU (T-Rex 2X Long Ether Daily Target ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - ETU is a Leveraged Cryptocurrency fund actively managed by REX Shares, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). ETU is actively managed, while SBIT is passively managed. Over the past year, ETU returned -78.33% vs 106.87% for SBIT. At a correlation of -0.82, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
ETU vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ETU achieves a -79.49% return, which is significantly lower than SBIT's 61.33% return.
ETU
- 1D
- -2.95%
- 1M
- -46.57%
- YTD
- -79.49%
- 6M
- -79.11%
- 1Y
- -78.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- 2.31%
- 1M
- 56.16%
- YTD
- 61.33%
- 6M
- 60.82%
- 1Y
- 106.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETU vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETU T-Rex 2X Long Ether Daily Target ETF | -79.49% | -62.44% | 53.26% |
SBIT Proshares Ultrashort Bitcoin ETF | 61.33% | -25.11% | -58.31% |
Correlation
The correlation between ETU and SBIT is -0.89, 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 | -0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | -0.82 |
The correlation between ETU and SBIT has been stable across timeframes, ranging from -0.89 to -0.82 - a consistent structural relationship.
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Return for Risk
ETU vs. SBIT — Risk / Return Rank
ETU
SBIT
ETU vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Ether Daily Target ETF (ETU) 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.
| ETU | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.23 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.24 | -3.08 |
| Martin ratioReturn relative to average drawdown | -1.19 | 4.68 | -5.87 |
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Drawdowns
ETU vs. SBIT - Drawdown Comparison
The maximum ETU drawdown since its inception was -95.01%, roughly equal to the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for ETU and SBIT.
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Drawdown Indicators
| ETU | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.01% | -91.35% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -93.91% | -47.94% | -45.97% |
Current DrawdownCurrent decline from peak | -95.01% | -74.40% | -20.61% |
Average DrawdownAverage peak-to-trough decline | -63.39% | -68.68% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.78% | 22.94% | +42.84% |
Volatility
ETU vs. SBIT - Volatility Comparison
T-Rex 2X Long Ether Daily Target ETF (ETU) has a higher volatility of 41.10% compared to Proshares Ultrashort Bitcoin ETF (SBIT) at 26.52%. This indicates that ETU's price experiences larger fluctuations and is considered to be riskier than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETU | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.10% | 26.52% | +14.58% |
Volatility (6M)Calculated over the trailing 6-month period | 94.21% | 68.63% | +25.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.68% | 88.57% | +49.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.11% | 97.38% | +48.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.11% | 97.38% | +48.73% |
ETU vs. SBIT - Expense Ratio Comparison
Both ETU and SBIT have an expense ratio of 0.95%.
Dividends
ETU vs. SBIT - Dividend Comparison
ETU's dividend yield for the trailing twelve months is around 0.01%, less than SBIT's 2.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETU T-Rex 2X Long Ether Daily Target ETF | 0.01% | 0.00% | 0.05% |
SBIT Proshares Ultrashort Bitcoin ETF | 2.91% | 0.52% | 1.00% |
Frequently Asked Questions
ETU and SBIT have a correlation of -0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETU has higher volatility (41.10%) compared to SBIT (26.52%). In terms of maximum drawdown, ETU dropped -95.01% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 106.87% vs -78.33% for ETU. Both ETFs have the same 0.95% expense ratio. On volatility, SBIT has been the lower-risk option at 26.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBIT has performed better with a 106.87% return vs -78.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETU and SBIT have the same expense ratio: 0.95% per year.
SBIT has the higher dividend yield at 2.91%, compared with 0.01% for ETU.
ETU is categorized as Leveraged Cryptocurrency, while SBIT is Cryptocurrency. They also come from different issuers: REX Shares and ProShares.
SBIT currently has the higher Sharpe Ratio (1.21 vs -0.57), 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.
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