KNRG vs. SBIT

Last updated Aug 2, 2026

KNRG (Simplify Kayne Anderson Energy and Infrastructure Credit ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - KNRG is a Nontraditional Bonds fund actively managed by Simplify, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). KNRG is actively managed, while SBIT is passively managed. Over the past year, KNRG returned 6.91% vs 93.05% for SBIT. Their -0.32 correlation means they have often moved in opposite directions in the past. KNRG charges 0.76%/yr vs 0.95%/yr for SBIT.

Performance

KNRG vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) 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, KNRG achieves a 2.75% return, which is significantly lower than SBIT's 35.42% return.

KNRG

• 1D: 0.14%
• 1M: -0.21%
• 6M: 1.61%
• YTD: 2.75%
• 1Y: 6.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.73%

SBIT

• 1D: -2.88%
• 1M: -8.74%
• 6M: 12.84%
• YTD: 35.42%
• 1Y: 93.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -43.26%

*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)
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	$414.19K	$546.37K	$468.99K
SBIT Proshares Ultrashort Bitcoin ETF	$30.10M	$32.07M	$46.36M

KNRG vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	2.75%	7.38%
SBIT Proshares Ultrashort Bitcoin ETF	35.42%	31.17%

Correlation

The correlation between KNRG and SBIT is -0.35, 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.	-0.35
Correlation (All Time) Calculated using the full available price history since May 28, 2025	-0.32

Return for Risk

KNRG vs. SBIT — Risk / Return Rank

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

KNRG

KNRG Risk / Return Rank: 88
KNRG Sharpe Ratio Rank: 91
KNRG Sortino Ratio Rank: 93
KNRG Omega Ratio Rank: 93
KNRG Calmar Ratio Rank: 74
KNRG Martin Ratio Rank: 87

SBIT

SBIT Risk / Return Rank: 45
SBIT Sharpe Ratio Rank: 41
SBIT Sortino Ratio Rank: 48
SBIT Omega Ratio Rank: 44
SBIT Calmar Ratio Rank: 53
SBIT Martin Ratio Rank: 40

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.

KNRG vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) 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.

	KNRG	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.06	+1.29
Sortino ratio: Return per unit of downside risk	3.60	1.78	+1.82
Omega ratio: Gain probability vs. loss probability	1.47	1.21	+0.26
Calmar ratio: Return relative to maximum drawdown	2.64	1.95	+0.69
Martin ratio: Return relative to average drawdown	12.61	4.30	+8.31

KNRG vs. SBIT - Sharpe Ratio Comparison

The current KNRG Sharpe Ratio is 2.35, which is higher than the SBIT Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of KNRG 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

KNRG vs. SBIT - Drawdown Comparison

The maximum KNRG drawdown since its inception was -2.71%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for KNRG and SBIT.

Drawdown Indicators

	KNRG	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-2.71%	-91.35%	+88.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-47.94%	+45.23%
Current Drawdown Current decline from peak	-0.41%	-78.51%	+78.10%
Average Drawdown Average peak-to-trough decline	-0.31%	-69.09%	+68.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	21.71%	-21.14%

Volatility

KNRG vs. SBIT - Volatility Comparison

The current volatility for Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) is 0.73%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 17.65%. This indicates that KNRG 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

	KNRG	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	17.65%	-16.92%
Volatility (6M) Calculated over the trailing 6-month period	2.20%	67.17%	-64.97%
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	88.67%	-85.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.38%	96.04%	-92.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.38%	96.04%	-92.66%

KNRG vs. SBIT - Expense Ratio Comparison

KNRG has a 0.76% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

KNRG vs. SBIT - Dividend Comparison

KNRG's dividend yield for the trailing twelve months is around 6.92%, more than SBIT's 5.09% yield.

Position	TTM	2025	2024
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	6.92%	4.22%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	5.09%	0.52%	1.00%

Frequently Asked Questions

Can I hold both KNRG and SBIT in my portfolio?

KNRG and SBIT have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KNRG or SBIT?

SBIT has higher volatility (17.65%) compared to KNRG (0.73%). In terms of maximum drawdown, KNRG dropped -2.71% vs SBIT's -91.35%.

Which ETF is better, KNRG or SBIT?

On 1-year performance, SBIT leads with 93.05% vs 6.91% for KNRG. On fees, KNRG is cheaper at 0.76% per year. On volatility, KNRG has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KNRG or SBIT?

Over the 1-year period, SBIT has performed better with a 93.05% return vs 6.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNRG or SBIT?

KNRG is cheaper with a 0.76% expense ratio, compared with 0.95% for SBIT.

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

KNRG has the higher dividend yield at 6.92%, compared with 5.09% for SBIT.

What is the main difference between KNRG and SBIT?

KNRG is categorized as Nontraditional Bonds, while SBIT is Cryptocurrency. They also come from different issuers: Simplify and ProShares. Their fees differ too: 0.76% for KNRG and 0.95% for SBIT.

Which has better risk-adjusted returns?

KNRG currently has the higher Sharpe Ratio (2.35 vs 1.06), 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.