EUAD vs. SBIT

Last updated Aug 2, 2026

EUAD (Select STOXX Europe Aerospace & Defense ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, EUAD returned 9.28% vs 98.77% for SBIT. Their -0.29 correlation means they have often moved in opposite directions in the past. EUAD charges 0.50%/yr vs 0.95%/yr for SBIT.

Performance

EUAD vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Select STOXX Europe Aerospace & Defense ETF (EUAD) 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, EUAD achieves a 6.69% return, which is significantly lower than SBIT's 39.44% return.

EUAD

• 1D: 0.13%
• 1M: 1.35%
• 6M: -1.34%
• YTD: 6.69%
• 1Y: 9.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.45%

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)
EUAD Select STOXX Europe Aerospace & Defense ETF	$7.44M	$7.38M	$13.85M
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

EUAD vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	6.69%	74.51%	-6.86%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-56.67%

Correlation

The correlation between EUAD and SBIT is -0.35, 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.	-0.35
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024	-0.29

Return for Risk

EUAD vs. SBIT — Risk / Return Rank

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

EUAD

EUAD Risk / Return Rank: 18
EUAD Sharpe Ratio Rank: 17
EUAD Sortino Ratio Rank: 19
EUAD Omega Ratio Rank: 18
EUAD Calmar Ratio Rank: 18
EUAD Martin Ratio Rank: 17

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.

EUAD vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) 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.

	EUAD	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.27	-0.98
Sortino ratio: Return per unit of downside risk	0.64	1.95	-1.31
Omega ratio: Gain probability vs. loss probability	1.07	1.23	-0.16
Calmar ratio: Return relative to maximum drawdown	0.39	2.35	-1.96
Martin ratio: Return relative to average drawdown	0.83	5.19	-4.35

EUAD vs. SBIT - Sharpe Ratio Comparison

The current EUAD Sharpe Ratio is 0.29, which is lower than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of EUAD 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

EUAD vs. SBIT - Drawdown Comparison

The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for EUAD and SBIT.

Drawdown Indicators

	EUAD	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-91.35%	+69.31%
Max Drawdown (1Y) Largest decline over 1 year	-22.04%	-47.94%	+25.90%
Current Drawdown Current decline from peak	-6.90%	-77.87%	+70.97%
Average Drawdown Average peak-to-trough decline	-6.32%	-69.07%	+62.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.24%	21.67%	-11.43%

Volatility

EUAD vs. SBIT - Volatility Comparison

The current volatility for Select STOXX Europe Aerospace & Defense ETF (EUAD) is 7.89%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that EUAD 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

	EUAD	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.89%	18.09%	-10.20%
Volatility (6M) Calculated over the trailing 6-month period	24.38%	67.10%	-42.72%
Volatility (1Y) Calculated over the trailing 1-year period	29.09%	88.65%	-59.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.49%	96.10%	-66.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.49%	96.10%	-66.61%

EUAD vs. SBIT - Expense Ratio Comparison

EUAD has a 0.50% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

EUAD vs. SBIT - Dividend Comparison

EUAD's dividend yield for the trailing twelve months is around 0.38%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	0.38%	0.40%	0.10%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both EUAD and SBIT in my portfolio?

EUAD and SBIT have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUAD or SBIT?

SBIT has higher volatility (18.09%) compared to EUAD (7.89%). In terms of maximum drawdown, EUAD dropped -22.04% vs SBIT's -91.35%.

Which ETF is better, EUAD or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 9.28% for EUAD. On fees, EUAD is cheaper at 0.50% per year. On volatility, EUAD has been the lower-risk option at 7.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUAD or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 9.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUAD or SBIT?

EUAD is cheaper with a 0.50% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.03%, compared with 0.38% for EUAD.

What is the main difference between EUAD and SBIT?

EUAD is categorized as Aerospace & Defense, while SBIT is Cryptocurrency. EUAD tracks STOXX Europe Total Market Aerospace & Defense Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Tuttle and ProShares. Their fees differ too: 0.50% for EUAD and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs 0.29), 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.