FEBU vs. SBIT

Last updated Aug 1, 2026

FEBU (AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - FEBU is a Defined Outcome fund actively managed by Allianz, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). FEBU is actively managed, while SBIT is passively managed. Over the past year, FEBU returned 14.95% vs 93.05% for SBIT. Their -0.45 correlation means they have often moved in opposite directions in the past. FEBU charges 0.74%/yr vs 0.95%/yr for SBIT.

Performance

FEBU vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) 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, FEBU achieves a 6.95% return, which is significantly lower than SBIT's 35.42% return.

FEBU

• 1D: 0.69%
• 1M: 0.09%
• 6M: 5.67%
• YTD: 6.95%
• 1Y: 14.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.02%

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)
FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF	$35.68K	$44.43K	$83.16K
SBIT Proshares Ultrashort Bitcoin ETF	$30.10M	$32.07M	$46.36M

FEBU vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF	6.95%	10.69%
SBIT Proshares Ultrashort Bitcoin ETF	35.42%	-7.39%

Correlation

The correlation between FEBU and SBIT is -0.46, 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.	-0.46
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025	-0.45

Return for Risk

FEBU vs. SBIT — Risk / Return Rank

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

FEBU

FEBU Risk / Return Rank: 58
FEBU Sharpe Ratio Rank: 56
FEBU Sortino Ratio Rank: 53
FEBU Omega Ratio Rank: 53
FEBU Calmar Ratio Rank: 65
FEBU Martin Ratio Rank: 65

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.

FEBU vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) 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.

	FEBU	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.06	+0.29
Sortino ratio: Return per unit of downside risk	1.89	1.78	+0.11
Omega ratio: Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio: Return relative to maximum drawdown	2.29	1.95	+0.34
Martin ratio: Return relative to average drawdown	7.87	4.30	+3.56

FEBU vs. SBIT - Sharpe Ratio Comparison

The current FEBU Sharpe Ratio is 1.35, which is comparable to the SBIT Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of FEBU 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

FEBU vs. SBIT - Drawdown Comparison

The maximum FEBU drawdown since its inception was -11.73%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for FEBU and SBIT.

Drawdown Indicators

	FEBU	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-11.73%	-91.35%	+79.62%
Max Drawdown (1Y) Largest decline over 1 year	-5.99%	-47.94%	+41.95%
Current Drawdown Current decline from peak	-1.73%	-78.51%	+76.78%
Average Drawdown Average peak-to-trough decline	-1.89%	-69.09%	+67.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	21.71%	-19.97%

Volatility

FEBU vs. SBIT - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) is 2.92%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 17.65%. This indicates that FEBU 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

	FEBU	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	17.65%	-14.73%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	67.17%	-59.81%
Volatility (1Y) Calculated over the trailing 1-year period	10.18%	88.67%	-78.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.48%	96.04%	-84.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.48%	96.04%	-84.56%

FEBU vs. SBIT - Expense Ratio Comparison

FEBU has a 0.74% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

FEBU vs. SBIT - Dividend Comparison

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

Position	TTM	2025	2024
FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb 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 FEBU and SBIT in my portfolio?

FEBU and SBIT have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEBU or SBIT?

SBIT has higher volatility (17.65%) compared to FEBU (2.92%). In terms of maximum drawdown, FEBU dropped -11.73% vs SBIT's -91.35%.

Which ETF is better, FEBU or SBIT?

On 1-year performance, SBIT leads with 93.05% vs 14.95% for FEBU. On fees, FEBU is cheaper at 0.74% per year. On volatility, FEBU has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEBU or SBIT?

Over the 1-year period, SBIT has performed better with a 93.05% return vs 14.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEBU or SBIT?

FEBU is cheaper with a 0.74% expense ratio, compared with 0.95% for SBIT.

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

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

What is the main difference between FEBU and SBIT?

FEBU is categorized as Defined Outcome, while SBIT is Cryptocurrency. They also come from different issuers: Allianz and ProShares. Their fees differ too: 0.74% for FEBU and 0.95% for SBIT.

Which has better risk-adjusted returns?

FEBU currently has the higher Sharpe Ratio (1.35 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.