KURE vs. SBIT
KURE (KraneShares MSCI All China Health Care Index ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - KURE is a China Equities fund tracking the MSCI China All Shares Health Care 10/40 Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, KURE returned -7.37% vs 98.77% for SBIT. Their -0.21 correlation means they have often moved in opposite directions in the past. KURE charges 0.65%/yr vs 0.95%/yr for SBIT.
Performance
KURE vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, KURE achieves a 1.41% return, which is significantly lower than SBIT's 39.44% return.
KURE
- 1D
- 0.06%
- 1M
- 5.01%
- 6M
- -2.43%
- YTD
- 1.41%
- 1Y
- -7.37%
- 3Y*
- -0.53%
- 5Y*
- -12.04%
- 10Y*
- —
- ALL TIME*
- -1.87%
SBIT
- 1D
- 5.60%
- 1M
- -6.04%
- 6M
- 32.41%
- YTD
- 39.44%
- 1Y
- 98.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $507.63K | $1.60M | $845.13K | |
| $29.57M | $32.71M | $46.48M |
KURE vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | 1.41% | 24.87% | -2.57% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between KURE and SBIT is -0.32, 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. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.21 |
The correlation between KURE and SBIT shifts across timeframes, from -0.32 (1 year) to -0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KURE vs. SBIT — Risk / Return Rank
KURE
SBIT
KURE vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) 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.
| KURE | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.23 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.35 | -2.62 |
| Martin ratioReturn relative to average drawdown | -0.52 | 5.19 | -5.70 |
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Drawdowns
KURE vs. SBIT - Drawdown Comparison
The maximum KURE drawdown since its inception was -68.53%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for KURE and SBIT.
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Drawdown Indicators
| KURE | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.53% | -91.35% | +22.82% |
Max Drawdown (1Y)Largest decline over 1 year | -30.88% | -47.94% | +17.06% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -63.97% | — | — |
Current DrawdownCurrent decline from peak | -55.84% | -77.87% | +22.03% |
Average DrawdownAverage peak-to-trough decline | -38.43% | -69.07% | +30.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.07% | 21.67% | -5.60% |
Volatility
KURE vs. SBIT - Volatility Comparison
The current volatility for KraneShares MSCI All China Health Care Index ETF (KURE) is 10.91%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that KURE 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.
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Volatility by Period
| KURE | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 18.09% | -7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 20.85% | 67.10% | -46.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.26% | 88.65% | -60.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.46% | 96.10% | -64.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.44% | 96.10% | -63.66% |
KURE vs. SBIT - Expense Ratio Comparison
KURE has a 0.65% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
KURE vs. SBIT - Dividend Comparison
KURE's dividend yield for the trailing twelve months is around 4.14%, which matches SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | 4.14% | 4.19% | 1.29% | 0.65% | 0.05% | 14.12% | 0.00% | 0.25% | 0.21% |
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KURE and SBIT have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (18.09%) compared to KURE (10.91%). In terms of maximum drawdown, KURE dropped -68.53% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs -7.37% for KURE. On fees, KURE is cheaper at 0.65% per year. On volatility, KURE has been the lower-risk option at 10.91%. 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 98.77% return vs -7.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KURE is cheaper with a 0.65% expense ratio, compared with 0.95% for SBIT.
KURE has the higher dividend yield at 4.14%, compared with 4.03% for SBIT.
KURE is categorized as China Equities, while SBIT is Cryptocurrency. KURE tracks MSCI China All Shares Health Care 10/40 Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: CICC and ProShares. Their fees differ too: 0.65% for KURE and 0.95% for SBIT.
SBIT currently has the higher Sharpe Ratio (1.27 vs -0.30), 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.
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