KRYP vs. SBIT

Last updated Jun 30, 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 -0.93, 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: 1.58%
• 1M: -17.92%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIT

• 1D: -2.15%
• 1M: 40.83%
• YTD: 55.04%
• 6M: 53.57%
• 1Y: 95.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KRYP vs. SBIT - Yearly Performance Comparison

	2026 (YTD)
KRYP ProShares CoinDesk 20 Crypto ETF	-28.15%
SBIT Proshares Ultrashort Bitcoin ETF	24.25%

Correlation

The correlation between KRYP and SBIT is -0.93, 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	-0.93

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: 36
SBIT Sharpe Ratio Rank: 32
SBIT Sortino Ratio Rank: 37
SBIT Omega Ratio Rank: 34
SBIT Calmar Ratio Rank: 45
SBIT Martin Ratio Rank: 31

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	—	1.08	—
Sortino ratio: Return per unit of downside risk	—	1.80	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.99	—
Martin ratio: Return relative to average drawdown	—	4.16	—

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	-28.15%	-75.40%	+47.25%
Average Drawdown Average peak-to-trough decline	-11.52%	-68.70%	+57.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	22.95%	—

Volatility

Volatility by Period

	KRYP	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	68.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.05%	88.70%	-38.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.05%	97.22%	-47.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.05%	97.22%	-47.17%

Dividends

KRYP vs. SBIT - Dividend Comparison

KRYP's dividend yield for the trailing twelve months is around 0.08%, less than SBIT's 3.03% yield.

Position	TTM	2025	2024
KRYP ProShares CoinDesk 20 Crypto ETF	0.08%	0.00%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	3.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both KRYP and SBIT in my portfolio?

KRYP and SBIT have a correlation of -0.93, 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 3.03%, compared with 0.08% for KRYP.

What is the main difference between KRYP and SBIT?

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