KRYP vs. SBIT

Last updated Jul 21, 2026

KRYP (ProShares CoinDesk 20 Crypto ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds from ProShares - KRYP tracks the CoinDesk 20 Index while SBIT tracks the Bloomberg Bitcoin Index (-200%). Both are passively managed. At a correlation of -0.94, they often move in opposite directions.

Performance

KRYP vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares CoinDesk 20 Crypto ETF (KRYP) and Proshares Ultrashort Bitcoin ETF (SBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KRYP

• 1D: 1.77%
• 1M: 2.13%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SBIT

• 1D: -2.87%
• 1M: -9.03%
• 6M: 58.73%
• YTD: 30.98%
• 1Y: 101.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -44.60%

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

KRYP vs. SBIT - Yearly Performance Comparison

	2026 (YTD)
KRYP ProShares CoinDesk 20 Crypto ETF	-23.81%
SBIT Proshares Ultrashort Bitcoin ETF	4.97%

Correlation

The correlation between KRYP and SBIT is -0.94, 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 Feb 4, 2026	-0.94

Return for Risk

KRYP vs. SBIT — Risk / Return Rank

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

KRYP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SBIT

SBIT Risk / Return Rank: 47
SBIT Sharpe Ratio Rank: 43
SBIT Sortino Ratio Rank: 48
SBIT Omega Ratio Rank: 45
SBIT Calmar Ratio Rank: 57
SBIT Martin Ratio Rank: 41

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.

KRYP vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares CoinDesk 20 Crypto ETF (KRYP) 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.

	KRYP	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.16	—
Sortino ratio: Return per unit of downside risk	—	1.86	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	2.13	—
Martin ratio: Return relative to average drawdown	—	4.80	—

Drawdowns

KRYP vs. SBIT - Drawdown Comparison

The maximum KRYP drawdown since its inception was -30.90%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for KRYP and SBIT.

Drawdown Indicators

	KRYP	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-30.90%	-91.35%	+60.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.94%	—
Current Drawdown Current decline from peak	-23.81%	-79.21%	+55.40%
Average Drawdown Average peak-to-trough decline	-13.23%	-68.92%	+55.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.26%	—

Volatility

Volatility by Period

	KRYP	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	68.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	48.99%	88.54%	-39.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.99%	96.63%	-47.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.99%	96.63%	-47.64%

Dividends

KRYP vs. SBIT - Dividend Comparison

KRYP's dividend yield for the trailing twelve months is around 0.09%, less than SBIT's 4.37% yield.

Position	TTM	2025	2024
KRYP ProShares CoinDesk 20 Crypto ETF	0.09%	0.00%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	4.37%	0.52%	1.00%

Frequently Asked Questions

Can I hold both KRYP and SBIT in my portfolio?

KRYP and SBIT have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

SBIT has the higher dividend yield at 4.37%, compared with 0.09% for KRYP.

What is the main difference between KRYP and SBIT?

KRYP tracks CoinDesk 20 Index, while SBIT tracks Bloomberg Bitcoin Index (-200%).