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 0.93% vs 98.77% for SBIT. Their -0.26 correlation means they have often moved in opposite directions in the past. 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 -3.96% return, which is significantly lower than SBIT's 39.44% return.
FXI
- 1D
- -0.05%
- 1M
- 14.38%
- 6M
- -7.16%
- YTD
- -3.96%
- 1Y
- 0.93%
- 3Y*
- 9.88%
- 5Y*
- 0.26%
- 10Y*
- 2.81%
- ALL TIME*
- 5.58%
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) |
|---|---|---|---|
| $773.89M | $798.32M | $975.73M | |
| $29.57M | $32.71M | $46.48M |
FXI vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FXI iShares China Large-Cap ETF | -3.96% | 28.95% | 27.02% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between FXI and SBIT is -0.34, 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. | -0.34 |
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 | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.35 | -2.38 |
| Martin ratioReturn relative to average drawdown | -0.07 | 5.19 | -5.26 |
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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 | -25.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.81% | — | — |
Current DrawdownCurrent decline from peak | -24.37% | -77.87% | +53.50% |
Average DrawdownAverage peak-to-trough decline | -31.21% | -69.07% | +37.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.00% | 21.67% | -11.67% |
Volatility
FXI vs. SBIT - Volatility Comparison
The current volatility for iShares China Large-Cap ETF (FXI) is 5.14%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. 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 | 5.14% | 18.09% | -12.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 67.10% | -52.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 88.65% | -68.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.44% | 96.10% | -64.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.60% | 96.10% | -68.50% |
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 1.86%, less than SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXI iShares China Large-Cap ETF | 1.86% | 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 | 4.03% | 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 -0.34, 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 FXI (5.14%). In terms of maximum drawdown, FXI dropped -72.68% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 0.93% for FXI. On fees, FXI is cheaper at 0.74% per year. On volatility, FXI has been the lower-risk option at 5.14%. 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 0.93%. 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 4.03%, compared with 1.86% 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 (1.27 vs -0.04), 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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