FLTW vs. SBIT
FLTW (Franklin FTSE Taiwan ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - FLTW is a Taiwan Equities fund tracking the FTSE Taiwan RIC Capped Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, FLTW returned 78.62% vs 98.77% for SBIT. Their -0.31 correlation means they have often moved in opposite directions in the past. FLTW charges 0.19%/yr vs 0.95%/yr for SBIT.
Performance
FLTW vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, FLTW achieves a 53.07% return, which is significantly higher than SBIT's 39.44% return.
FLTW
- 1D
- 3.38%
- 1M
- -8.11%
- 6M
- 41.10%
- YTD
- 53.07%
- 1Y
- 78.62%
- 3Y*
- 36.54%
- 5Y*
- 18.91%
- 10Y*
- —
- ALL TIME*
- 18.45%
SBIT
- 1D
- 5.60%
- 1M
- -6.04%
- 6M
- 32.41%
- YTD
- 39.44%
- 1Y
- 98.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $79.26M | $58.46M | $67.03M | |
| $29.57M | $32.71M | $46.48M |
FLTW vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLTW Franklin FTSE Taiwan ETF | 53.07% | 32.00% | 9.98% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between FLTW and SBIT is -0.42, 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. | -0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.31 |
The correlation between FLTW and SBIT shifts across timeframes, from -0.42 (1 year) to -0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLTW vs. SBIT — Risk / Return Rank
FLTW
SBIT
FLTW vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Taiwan ETF (FLTW) 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.
| FLTW | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 2.35 | +1.38 |
| Martin ratioReturn relative to average drawdown | 15.39 | 5.19 | +10.20 |
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Drawdowns
FLTW vs. SBIT - Drawdown Comparison
The maximum FLTW drawdown since its inception was -38.00%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for FLTW and SBIT.
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Drawdown Indicators
| FLTW | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.00% | -91.35% | +53.35% |
Max Drawdown (1Y)Largest decline over 1 year | -21.34% | -47.94% | +26.60% |
Max Drawdown (3Y)Largest decline over 3 years | -26.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | — | — |
Current DrawdownCurrent decline from peak | -14.83% | -77.87% | +63.04% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -69.07% | +60.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 21.67% | -16.51% |
Volatility
FLTW vs. SBIT - Volatility Comparison
The current volatility for Franklin FTSE Taiwan ETF (FLTW) is 13.59%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that FLTW 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.
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Volatility by Period
| FLTW | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.59% | 18.09% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 28.76% | 67.10% | -38.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.00% | 88.65% | -56.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.04% | 96.10% | -72.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.60% | 96.10% | -73.50% |
FLTW vs. SBIT - Expense Ratio Comparison
FLTW has a 0.19% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
FLTW vs. SBIT - Dividend Comparison
FLTW's dividend yield for the trailing twelve months is around 1.76%, less than SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLTW Franklin FTSE Taiwan ETF | 1.76% | 2.51% | 1.89% | 2.85% | 3.16% | 2.31% | 2.14% | 3.00% | 1.06% |
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLTW and SBIT have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (18.09%) compared to FLTW (13.59%). In terms of maximum drawdown, FLTW dropped -38.00% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 78.62% for FLTW. On fees, FLTW is cheaper at 0.19% per year. On volatility, FLTW has been the lower-risk option at 13.59%. 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 98.77% return vs 78.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTW is cheaper with a 0.19% expense ratio, compared with 0.95% for SBIT.
SBIT has the higher dividend yield at 4.03%, compared with 1.76% for FLTW.
FLTW is categorized as Taiwan Equities, while SBIT is Cryptocurrency. FLTW tracks FTSE Taiwan RIC Capped Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Franklin Templeton and ProShares. Their fees differ too: 0.19% for FLTW and 0.95% for SBIT.
FLTW currently has the higher Sharpe Ratio (2.49 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.
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