FLJJ vs. SBIT

Last updated Aug 2, 2026

FLJJ (Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - FLJJ is a Options Trading fund actively managed by Allianz, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). FLJJ is actively managed, while SBIT is passively managed. Over the past year, FLJJ returned 11.66% vs 98.77% for SBIT. Their -0.39 correlation means they have often moved in opposite directions in the past. FLJJ charges 0.74%/yr vs 0.95%/yr for SBIT.

Performance

FLJJ vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) 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, FLJJ achieves a 5.93% return, which is significantly lower than SBIT's 39.44% return.

FLJJ

• 1D: 0.42%
• 1M: 0.48%
• 6M: 5.19%
• YTD: 5.93%
• 1Y: 11.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.77%

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)
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	$52.96K	$36.05K	$176.13K
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

FLJJ vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	5.93%	11.35%	10.08%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between FLJJ and SBIT is -0.47, 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.	-0.47
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.39

Return for Risk

FLJJ vs. SBIT — Risk / Return Rank

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

FLJJ

FLJJ Risk / Return Rank: 89
FLJJ Sharpe Ratio Rank: 91
FLJJ Sortino Ratio Rank: 93
FLJJ Omega Ratio Rank: 92
FLJJ Calmar Ratio Rank: 80
FLJJ Martin Ratio Rank: 91

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.

FLJJ vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) 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.

	FLJJ	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.27	+1.09
Sortino ratio: Return per unit of downside risk	3.47	1.95	+1.53
Omega ratio: Gain probability vs. loss probability	1.46	1.23	+0.23
Calmar ratio: Return relative to maximum drawdown	2.88	2.35	+0.53
Martin ratio: Return relative to average drawdown	14.93	5.19	+9.74

FLJJ vs. SBIT - Sharpe Ratio Comparison

The current FLJJ Sharpe Ratio is 2.36, which is higher than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of FLJJ 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

FLJJ vs. SBIT - Drawdown Comparison

The maximum FLJJ drawdown since its inception was -6.91%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for FLJJ and SBIT.

Drawdown Indicators

	FLJJ	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-6.91%	-91.35%	+84.44%
Max Drawdown (1Y) Largest decline over 1 year	-3.86%	-47.94%	+44.08%
Current Drawdown Current decline from peak	-0.30%	-77.87%	+77.57%
Average Drawdown Average peak-to-trough decline	-0.75%	-69.07%	+68.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	21.67%	-20.93%

Volatility

FLJJ vs. SBIT - Volatility Comparison

The current volatility for Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) is 1.56%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that FLJJ 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

	FLJJ	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	18.09%	-16.53%
Volatility (6M) Calculated over the trailing 6-month period	3.92%	67.10%	-63.18%
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	88.65%	-83.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.13%	96.10%	-89.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.13%	96.10%	-89.97%

FLJJ vs. SBIT - Expense Ratio Comparison

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

Dividends

FLJJ vs. SBIT - Dividend Comparison

FLJJ has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 4.10%.

Position	TTM	2025	2024
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	0.00%	0.00%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both FLJJ and SBIT in my portfolio?

FLJJ and SBIT have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLJJ or SBIT?

SBIT has higher volatility (18.09%) compared to FLJJ (1.56%). In terms of maximum drawdown, FLJJ dropped -6.91% vs SBIT's -91.35%.

Which ETF is better, FLJJ or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 11.66% for FLJJ. On fees, FLJJ is cheaper at 0.74% per year. On volatility, FLJJ has been the lower-risk option at 1.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLJJ or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 11.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLJJ or SBIT?

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

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

SBIT has the higher dividend yield at 4.03%, compared with 0.00% for FLJJ.

What is the main difference between FLJJ and SBIT?

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

Which has better risk-adjusted returns?

FLJJ currently has the higher Sharpe Ratio (2.36 vs 1.27), 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.