FXI vs. SBIT
FXI (iShares China Large-Cap ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - FXI is a China Equities fund tracking the FTSE China 50 Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, FXI returned -6.64% vs 124.12% for SBIT. At a correlation of -0.26, they often move in opposite directions. FXI charges 0.74%/yr vs 0.95%/yr for SBIT.
Performance
FXI vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, FXI achieves a -12.01% return, which is significantly lower than SBIT's 44.00% return.
FXI
- 1D
- -0.12%
- 1M
- -4.53%
- 6M
- -17.10%
- YTD
- -12.01%
- 1Y
- -6.64%
- 3Y*
- 8.44%
- 5Y*
- -3.22%
- 10Y*
- 1.84%
SBIT
- 1D
- 5.38%
- 1M
- 1.44%
- 6M
- 58.27%
- YTD
- 44.00%
- 1Y
- 124.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXI vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FXI iShares China Large-Cap ETF | -12.01% | 28.95% | 27.02% |
SBIT Proshares Ultrashort Bitcoin ETF | 44.00% | -25.11% | -73.74% |
Correlation
The correlation between FXI and SBIT is -0.33, 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 | -0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.26 |
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Return for Risk
FXI vs. SBIT — Risk / Return Rank
FXI
SBIT
FXI vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) 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.
| FXI | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.25 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.60 | -2.89 |
| Martin ratioReturn relative to average drawdown | -0.71 | 5.92 | -6.63 |
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Drawdowns
FXI vs. SBIT - Drawdown Comparison
The maximum FXI drawdown since its inception was -72.68%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for FXI and SBIT.
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Drawdown Indicators
| FXI | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -91.35% | +18.67% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -47.94% | +25.00% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | — | — |
Current DrawdownCurrent decline from peak | -30.71% | -77.15% | +46.44% |
Average DrawdownAverage peak-to-trough decline | -31.22% | -68.83% | +37.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.41% | 21.04% | -11.63% |
Volatility
FXI vs. SBIT - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 6.08%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that FXI 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
| FXI | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 22.98% | -16.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 68.89% | -54.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 88.51% | -68.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 96.89% | -65.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.58% | 96.89% | -69.31% |
FXI vs. SBIT - Expense Ratio Comparison
FXI has a 0.74% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
FXI vs. SBIT - Dividend Comparison
FXI's dividend yield for the trailing twelve months is around 2.03%, less than SBIT's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 2.03% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
SBIT Proshares Ultrashort Bitcoin ETF | 3.97% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXI and SBIT have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (22.98%) compared to FXI (6.08%). In terms of maximum drawdown, FXI dropped -72.68% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 124.12% vs -6.64% for FXI. On fees, FXI is cheaper at 0.74% per year. On volatility, FXI has been the lower-risk option at 6.08%. 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 124.12% return vs -6.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXI is cheaper with a 0.74% expense ratio, compared with 0.95% for SBIT.
SBIT has the higher dividend yield at 3.97%, compared with 2.03% for FXI.
FXI is categorized as China Equities, while SBIT is Cryptocurrency. FXI tracks FTSE China 50 Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.74% for FXI and 0.95% for SBIT.
SBIT currently has the higher Sharpe Ratio (1.41 vs -0.33), 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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