KSA vs. SBIT
KSA (iShares MSCI Saudi Arabia ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - KSA is a Emerging Markets Equities fund tracking the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, KSA returned -1.95% vs 124.12% for SBIT. At a correlation of -0.26, they often move in opposite directions. KSA charges 0.74%/yr vs 0.95%/yr for SBIT.
Performance
KSA vs. SBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KSA achieves a 3.48% return, which is significantly lower than SBIT's 44.00% return.
KSA
- 1D
- -0.38%
- 1M
- -4.32%
- 6M
- -0.38%
- YTD
- 3.48%
- 1Y
- -1.95%
- 3Y*
- -1.39%
- 5Y*
- 1.62%
- 10Y*
- 7.27%
SBIT
- 1D
- 5.38%
- 1M
- 1.44%
- 6M
- 58.27%
- YTD
- 44.00%
- 1Y
- 124.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KSA vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSA iShares MSCI Saudi Arabia ETF | 3.48% | -8.20% | -2.74% |
SBIT Proshares Ultrashort Bitcoin ETF | 44.00% | -25.11% | -73.74% |
Correlation
The correlation between KSA and SBIT is -0.21, 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 | -0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.26 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KSA vs. SBIT — Risk / Return Rank
KSA
SBIT
KSA vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia ETF (KSA) 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.
| KSA | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.60 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.37 | 5.92 | -6.29 |
Loading charts...
Drawdowns
KSA vs. SBIT - Drawdown Comparison
The maximum KSA drawdown since its inception was -40.56%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for KSA and SBIT.
Loading charts...
Drawdown Indicators
| KSA | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -91.35% | +50.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -47.94% | +36.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | — | — |
Current DrawdownCurrent decline from peak | -17.87% | -77.15% | +59.28% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -68.83% | +57.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 21.04% | -15.64% |
Volatility
KSA vs. SBIT - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia ETF (KSA) is 3.20%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that KSA 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.
Loading charts...
Volatility by Period
| KSA | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 22.98% | -19.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 68.89% | -56.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 88.51% | -72.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 96.89% | -80.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 96.89% | -76.90% |
KSA vs. SBIT - Expense Ratio Comparison
KSA has a 0.74% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
KSA vs. SBIT - Dividend Comparison
KSA's dividend yield for the trailing twelve months is around 2.78%, less than SBIT's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KSA iShares MSCI Saudi Arabia ETF | 2.78% | 2.95% | 3.44% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.05% | 0.04% |
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
KSA and SBIT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (22.98%) compared to KSA (3.20%). In terms of maximum drawdown, KSA dropped -40.56% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 124.12% vs -1.95% for KSA. On fees, KSA is cheaper at 0.74% per year. On volatility, KSA has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBIT has performed better with a 124.12% return vs -1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KSA is cheaper with a 0.74% expense ratio, compared with 0.95% for SBIT.
SBIT has the higher dividend yield at 3.97%, compared with 2.78% for KSA.
KSA is categorized as Emerging Markets Equities, while SBIT is Cryptocurrency. KSA tracks MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.74% for KSA and 0.95% for SBIT.
SBIT currently has the higher Sharpe Ratio (1.41 vs -0.12), 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.
Find the right allocation for KSA and SBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer