GPTY vs. SBIT

Last updated Aug 2, 2026

GPTY (YieldMax AI & Tech Portfolio Option Income ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - GPTY is a Artificial Intelligence fund actively managed by YieldMax, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). GPTY is actively managed, while SBIT is passively managed. Over the past year, GPTY returned 30.09% vs 98.77% for SBIT. Their -0.47 correlation means they have often moved in opposite directions in the past. GPTY charges 0.99%/yr vs 0.95%/yr for SBIT.

Performance

GPTY vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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, GPTY achieves a 19.03% return, which is significantly lower than SBIT's 39.44% return.

GPTY

• 1D: 0.97%
• 1M: -3.52%
• 6M: 19.40%
• YTD: 19.03%
• 1Y: 30.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.94%

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)
GPTY YieldMax AI & Tech Portfolio Option Income ETF	$1.83M	$1.93M	$2.58M
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

GPTY vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
GPTY YieldMax AI & Tech Portfolio Option Income ETF	19.03%	17.77%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-2.81%

Correlation

The correlation between GPTY and SBIT is -0.50, 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.	-0.50
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	-0.47

Return for Risk

GPTY vs. SBIT — Risk / Return Rank

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

GPTY

GPTY Risk / Return Rank: 38
GPTY Sharpe Ratio Rank: 39
GPTY Sortino Ratio Rank: 39
GPTY Omega Ratio Rank: 38
GPTY Calmar Ratio Rank: 39
GPTY Martin Ratio Rank: 33

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.

GPTY vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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.

	GPTY	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.27	-0.31
Sortino ratio: Return per unit of downside risk	1.44	1.95	-0.50
Omega ratio: Gain probability vs. loss probability	1.18	1.23	-0.05
Calmar ratio: Return relative to maximum drawdown	1.37	2.35	-0.98
Martin ratio: Return relative to average drawdown	3.16	5.19	-2.03

GPTY vs. SBIT - Sharpe Ratio Comparison

The current GPTY Sharpe Ratio is 0.96, which is comparable to the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of GPTY 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

GPTY vs. SBIT - Drawdown Comparison

The maximum GPTY drawdown since its inception was -26.62%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for GPTY and SBIT.

Drawdown Indicators

	GPTY	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-26.62%	-91.35%	+64.73%
Max Drawdown (1Y) Largest decline over 1 year	-19.32%	-47.94%	+28.62%
Current Drawdown Current decline from peak	-13.94%	-77.87%	+63.93%
Average Drawdown Average peak-to-trough decline	-6.85%	-69.07%	+62.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.35%	21.67%	-13.32%

Volatility

GPTY vs. SBIT - Volatility Comparison

The current volatility for YieldMax AI & Tech Portfolio Option Income ETF (GPTY) is 9.87%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that GPTY 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

	GPTY	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.87%	18.09%	-8.22%
Volatility (6M) Calculated over the trailing 6-month period	22.61%	67.10%	-44.49%
Volatility (1Y) Calculated over the trailing 1-year period	27.40%	88.65%	-61.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.87%	96.10%	-66.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.87%	96.10%	-66.23%

GPTY vs. SBIT - Expense Ratio Comparison

GPTY has a 0.99% expense ratio, which is higher than SBIT's 0.95% expense ratio.

Dividends

GPTY vs. SBIT - Dividend Comparison

GPTY's dividend yield for the trailing twelve months is around 39.00%, more than SBIT's 4.10% yield.

Position	TTM	2025	2024
GPTY YieldMax AI & Tech Portfolio Option Income ETF	39.00%	34.23%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both GPTY and SBIT in my portfolio?

GPTY and SBIT have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPTY or SBIT?

SBIT has higher volatility (18.09%) compared to GPTY (9.87%). In terms of maximum drawdown, GPTY dropped -26.62% vs SBIT's -91.35%.

Which ETF is better, GPTY or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 30.09% for GPTY. On fees, SBIT is cheaper at 0.95% per year. On volatility, GPTY has been the lower-risk option at 9.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPTY or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 30.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPTY or SBIT?

SBIT is cheaper with a 0.95% expense ratio, compared with 0.99% for GPTY.

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

GPTY has the higher dividend yield at 39.00%, compared with 4.03% for SBIT.

What is the main difference between GPTY and SBIT?

GPTY is categorized as Artificial Intelligence, while SBIT is Cryptocurrency. They also come from different issuers: YieldMax and ProShares. Their fees differ too: 0.99% for GPTY and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs 0.96), 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.