LGRO vs. SBIT

Last updated Aug 2, 2026

LGRO (Level Four Large Cap Growth Active ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - LGRO is a Large Cap Growth Equities fund actively managed by ALPS, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). LGRO is actively managed, while SBIT is passively managed. Over the past year, LGRO returned 23.10% vs 98.77% for SBIT. Their -0.42 correlation means they have often moved in opposite directions in the past. LGRO charges 0.50%/yr vs 0.95%/yr for SBIT.

Performance

LGRO vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Level Four Large Cap Growth Active ETF (LGRO) 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, LGRO achieves a 9.96% return, which is significantly lower than SBIT's 39.44% return.

LGRO

• 1D: 1.19%
• 1M: 2.63%
• 6M: 10.19%
• YTD: 9.96%
• 1Y: 23.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.27%

SBIT

• 1D: 5.60%
• 1M: -6.04%
• 6M: 32.41%
• YTD: 39.44%
• 1Y: 98.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -42.65%

*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)
LGRO Level Four Large Cap Growth Active ETF	$152.26K	$216.97K	$311.83K
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

LGRO vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LGRO Level Four Large Cap Growth Active ETF	9.96%	18.15%	14.99%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between LGRO and SBIT is -0.46, 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.	-0.46
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.42

Return for Risk

LGRO vs. SBIT — Risk / Return Rank

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

LGRO

LGRO Risk / Return Rank: 45
LGRO Sharpe Ratio Rank: 50
LGRO Sortino Ratio Rank: 48
LGRO Omega Ratio Rank: 48
LGRO Calmar Ratio Rank: 38
LGRO Martin Ratio Rank: 40

SBIT

SBIT Risk / Return Rank: 55
SBIT Sharpe Ratio Rank: 52
SBIT Sortino Ratio Rank: 56
SBIT Omega Ratio Rank: 52
SBIT Calmar Ratio Rank: 68
SBIT Martin Ratio Rank: 46

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.

LGRO vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Level Four Large Cap Growth Active ETF (LGRO) 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.

	LGRO	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.27	-0.02
Sortino ratio: Return per unit of downside risk	1.74	1.95	-0.20
Omega ratio: Gain probability vs. loss probability	1.22	1.23	-0.01
Calmar ratio: Return relative to maximum drawdown	1.35	2.35	-1.00
Martin ratio: Return relative to average drawdown	4.21	5.19	-0.98

LGRO vs. SBIT - Sharpe Ratio Comparison

The current LGRO Sharpe Ratio is 1.25, which is comparable to the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of LGRO 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

LGRO vs. SBIT - Drawdown Comparison

The maximum LGRO drawdown since its inception was -23.26%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for LGRO and SBIT.

Drawdown Indicators

	LGRO	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-23.26%	-91.35%	+68.09%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-47.94%	+32.70%
Current Drawdown Current decline from peak	-0.22%	-77.87%	+77.65%
Average Drawdown Average peak-to-trough decline	-3.39%	-69.07%	+65.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	21.67%	-16.78%

Volatility

LGRO vs. SBIT - Volatility Comparison

The current volatility for Level Four Large Cap Growth Active ETF (LGRO) is 3.91%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that LGRO 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

	LGRO	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	18.09%	-14.18%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	67.10%	-54.73%
Volatility (1Y) Calculated over the trailing 1-year period	16.49%	88.65%	-72.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	96.10%	-76.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	96.10%	-76.93%

LGRO vs. SBIT - Expense Ratio Comparison

LGRO has a 0.50% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

LGRO vs. SBIT - Dividend Comparison

LGRO's dividend yield for the trailing twelve months is around 0.35%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024	2023
LGRO Level Four Large Cap Growth Active ETF	0.35%	0.31%	0.39%	0.26%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%	0.00%

Frequently Asked Questions

Can I hold both LGRO and SBIT in my portfolio?

LGRO and SBIT have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGRO or SBIT?

SBIT has higher volatility (18.09%) compared to LGRO (3.91%). In terms of maximum drawdown, LGRO dropped -23.26% vs SBIT's -91.35%.

Which ETF is better, LGRO or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 23.10% for LGRO. On fees, LGRO is cheaper at 0.50% per year. On volatility, LGRO has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGRO or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 23.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGRO or SBIT?

LGRO is cheaper with a 0.50% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.03%, compared with 0.35% for LGRO.

What is the main difference between LGRO and SBIT?

LGRO is categorized as Large Cap Growth Equities, while SBIT is Cryptocurrency. They also come from different issuers: ALPS and ProShares. Their fees differ too: 0.50% for LGRO and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs 1.25), 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.