HOOW vs. SBIT

Last updated Jul 14, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). HOOW is actively managed, while SBIT is passively managed. Over the past year, HOOW returned 2.30% vs 124.12% for SBIT. At a correlation of -0.58, they often move in opposite directions. HOOW charges 0.99%/yr vs 0.95%/yr for SBIT.

Performance

HOOW vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -8.58% return, which is significantly lower than SBIT's 44.00% return.

HOOW

• 1D: -2.38%
• 1M: 20.63%
• 6M: -12.98%
• YTD: -8.58%
• 1Y: 2.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

HOOW vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-8.58%	52.60%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	20.83%

Correlation

The correlation between HOOW and SBIT is -0.59, 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	-0.59
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.58

The correlation between HOOW and SBIT has been stable across timeframes, ranging from -0.59 to -0.58 - a consistent structural relationship.

Return for Risk

HOOW vs. SBIT — Risk / Return Rank

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

HOOW

HOOW Risk / Return Rank: 12
HOOW Sharpe Ratio Rank: 10
HOOW Sortino Ratio Rank: 15
HOOW Omega Ratio Rank: 15
HOOW Calmar Ratio Rank: 10
HOOW Martin Ratio Rank: 10

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.

HOOW vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

	HOOW	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.03	1.41	-1.39
Sortino ratio: Return per unit of downside risk	0.66	2.05	-1.39
Omega ratio: Gain probability vs. loss probability	1.08	1.25	-0.17
Calmar ratio: Return relative to maximum drawdown	0.04	2.60	-2.57
Martin ratio: Return relative to average drawdown	0.06	5.92	-5.86

HOOW vs. SBIT - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is 0.03, which is lower than the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of HOOW 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

HOOW vs. SBIT - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for HOOW and SBIT.

Drawdown Indicators

	HOOW	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-91.35%	+25.61%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-47.94%	-17.80%
Current Drawdown Current decline from peak	-37.92%	-77.15%	+39.23%
Average Drawdown Average peak-to-trough decline	-30.43%	-68.83%	+38.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.11%	21.04%	+18.07%

Volatility

HOOW vs. SBIT - Volatility Comparison

Roundhill HOOD WeeklyPay ETF (HOOW) and Proshares Ultrashort Bitcoin ETF (SBIT) have volatilities of 22.96% and 22.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOW	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.96%	22.98%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	63.57%	68.89%	-5.32%
Volatility (1Y) Calculated over the trailing 1-year period	83.72%	88.51%	-4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.81%	96.89%	-13.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.81%	96.89%	-13.08%

HOOW vs. SBIT - Expense Ratio Comparison

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

Dividends

HOOW vs. SBIT - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 131.72%, more than SBIT's 3.97% yield.

Position	TTM	2025	2024
HOOW Roundhill HOOD WeeklyPay ETF	131.72%	67.92%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%

Frequently Asked Questions

Can I hold both HOOW and SBIT in my portfolio?

HOOW and SBIT have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOW or SBIT?

SBIT has higher volatility (22.98%) compared to HOOW (22.96%). In terms of maximum drawdown, HOOW dropped -65.74% vs SBIT's -91.35%.

Which ETF is better, HOOW or SBIT?

On 1-year performance, SBIT leads with 124.12% vs 2.30% for HOOW. On fees, SBIT is cheaper at 0.95% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs 2.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or SBIT?

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

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

HOOW has the higher dividend yield at 131.72%, compared with 3.97% for SBIT.

What is the main difference between HOOW and SBIT?

HOOW is categorized as Leveraged Equities, while SBIT is Cryptocurrency. They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.99% for HOOW and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.41 vs 0.03), 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.