GYLD vs. SBIT

Last updated Jul 14, 2026

GYLD (Arrow Dow Jones Global Yield ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - GYLD is a Diversified Portfolio fund tracking the DJ Brookfield Global Infrastructure Composite Yield, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, GYLD returned 16.44% vs 124.12% for SBIT. At a correlation of -0.12, they often move in opposite directions. GYLD charges 0.75%/yr vs 0.95%/yr for SBIT.

Performance

GYLD vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Dow Jones Global Yield ETF (GYLD) 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, GYLD achieves a 10.32% return, which is significantly lower than SBIT's 44.00% return.

GYLD

• 1D: 1.44%
• 1M: 1.87%
• 6M: 11.06%
• YTD: 10.32%
• 1Y: 16.44%
• 3Y*: 14.60%
• 5Y*: 6.99%
• 10Y*: 4.52%

SBIT

• 1D: 5.38%
• 1M: 1.44%
• 6M: 58.27%
• YTD: 44.00%
• 1Y: 124.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GYLD vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GYLD Arrow Dow Jones Global Yield ETF	10.32%	19.85%	3.46%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	-25.11%	-73.74%

Correlation

The correlation between GYLD and SBIT is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.12

Return for Risk

GYLD vs. SBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GYLD

GYLD Risk / Return Rank: 59
GYLD Sharpe Ratio Rank: 47
GYLD Sortino Ratio Rank: 51
GYLD Omega Ratio Rank: 49
GYLD Calmar Ratio Rank: 81
GYLD Martin Ratio Rank: 66

SBIT

SBIT Risk / Return Rank: 52
SBIT Sharpe Ratio Rank: 51
SBIT Sortino Ratio Rank: 52
SBIT Omega Ratio Rank: 48
SBIT Calmar Ratio Rank: 66
SBIT Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GYLD vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) 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.

	GYLD	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.41	-0.09
Sortino ratio: Return per unit of downside risk	2.01	2.05	-0.04
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	3.40	2.60	+0.79
Martin ratio: Return relative to average drawdown	9.51	5.92	+3.59

GYLD vs. SBIT - Sharpe Ratio Comparison

The current GYLD Sharpe Ratio is 1.33, which is comparable to the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of GYLD 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

GYLD vs. SBIT - Drawdown Comparison

The maximum GYLD drawdown since its inception was -55.03%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for GYLD and SBIT.

Drawdown Indicators

	GYLD	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-55.03%	-91.35%	+36.32%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-47.94%	+43.08%
Max Drawdown (3Y) Largest decline over 3 years	-8.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.89%	—	—
Current Drawdown Current decline from peak	0.00%	-77.15%	+77.15%
Average Drawdown Average peak-to-trough decline	-14.31%	-68.83%	+54.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	21.04%	-19.31%

Volatility

GYLD vs. SBIT - Volatility Comparison

The current volatility for Arrow Dow Jones Global Yield ETF (GYLD) is 3.73%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that GYLD 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

	GYLD	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	22.98%	-19.25%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	68.89%	-60.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	88.51%	-76.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	96.89%	-83.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	96.89%	-80.41%

GYLD vs. SBIT - Expense Ratio Comparison

GYLD has a 0.75% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

GYLD vs. SBIT - Dividend Comparison

GYLD's dividend yield for the trailing twelve months is around 7.35%, more than SBIT's 3.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GYLD Arrow Dow Jones Global Yield ETF	7.35%	8.43%	12.90%	7.13%	4.64%	5.50%	7.42%	5.83%	8.17%	6.78%	7.29%	10.35%
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

Can I hold both GYLD and SBIT in my portfolio?

GYLD and SBIT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GYLD or SBIT?

SBIT has higher volatility (22.98%) compared to GYLD (3.73%). In terms of maximum drawdown, GYLD dropped -55.03% vs SBIT's -91.35%.

Which ETF is better, GYLD or SBIT?

On 1-year performance, SBIT leads with 124.12% vs 16.44% for GYLD. On fees, GYLD is cheaper at 0.75% per year. On volatility, GYLD has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GYLD or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs 16.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GYLD or SBIT?

GYLD is cheaper with a 0.75% expense ratio, compared with 0.95% for SBIT.

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

GYLD has the higher dividend yield at 7.35%, compared with 3.97% for SBIT.

What is the main difference between GYLD and SBIT?

GYLD is categorized as Diversified Portfolio, while SBIT is Cryptocurrency. GYLD tracks DJ Brookfield Global Infrastructure Composite Yield, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Arrow Funds and ProShares. Their fees differ too: 0.75% for GYLD and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.41 vs 1.33), 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.