GAVA vs. SBIT
GAVA (Grayscale Avalanche Staking ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds. GAVA is actively managed, while SBIT is passively managed. At a correlation of -0.80, they often move in opposite directions. GAVA charges 0.35%/yr vs 0.95%/yr for SBIT.
Performance
GAVA vs. SBIT - Performance Comparison
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Returns By Period
GAVA
- 1D
- -3.30%
- 1M
- -17.27%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- 5.47%
- 1M
- 61.07%
- YTD
- 44.52%
- 6M
- 59.37%
- 1Y
- 72.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GAVA vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GAVA Grayscale Avalanche Staking ETF | -18.74% |
SBIT Proshares Ultrashort Bitcoin ETF | 15.37% |
Correlation
The correlation between GAVA and SBIT is -0.80, 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 (All Time) Calculated using the full available price history since Mar 13, 2026 | -0.80 |
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Return for Risk
GAVA vs. SBIT — Risk / Return Rank
GAVA
SBIT
GAVA vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Avalanche Staking ETF (GAVA) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GAVA | SBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | -0.45 | -0.76 |
Drawdowns
GAVA vs. SBIT - Drawdown Comparison
The maximum GAVA drawdown since its inception was -24.10%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for GAVA and SBIT.
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Drawdown Indicators
| GAVA | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.10% | -91.35% | +67.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.94% | — |
Current DrawdownCurrent decline from peak | -24.10% | -77.07% | +52.97% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -68.56% | +59.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.71% | — |
Volatility
GAVA vs. SBIT - Volatility Comparison
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Volatility by Period
| GAVA | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 67.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.58% | 87.25% | -37.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.58% | 97.45% | -47.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.58% | 97.45% | -47.87% |
GAVA vs. SBIT - Expense Ratio Comparison
GAVA has a 0.35% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
GAVA vs. SBIT - Dividend Comparison
GAVA has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 3.25%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GAVA Grayscale Avalanche Staking ETF | 0.00% | 0.00% | 0.00% |
SBIT Proshares Ultrashort Bitcoin ETF | 3.25% | 0.52% | 1.00% |
Frequently Asked Questions
GAVA and SBIT have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GAVA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAVA is cheaper with a 0.35% expense ratio, compared with 0.95% for SBIT.
SBIT has the higher dividend yield at 3.25%, compared with 0.00% for GAVA.
They also come from different issuers: Grayscale and ProShares. Their fees differ too: 0.35% for GAVA and 0.95% for SBIT.
Find the right allocation for GAVA and SBIT
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