MGV vs. SBIT
MGV (Vanguard Mega Cap Value ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, MGV returned 28.72% vs 98.77% for SBIT. Their -0.28 correlation means they have often moved in opposite directions in the past. MGV charges 0.05%/yr vs 0.95%/yr for SBIT.
Performance
MGV vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, MGV achieves a 16.77% return, which is significantly lower than SBIT's 39.44% return.
MGV
- 1D
- -0.23%
- 1M
- -0.51%
- 6M
- 11.22%
- YTD
- 16.77%
- 1Y
- 28.72%
- 3Y*
- 17.69%
- 5Y*
- 12.79%
- 10Y*
- 12.87%
- ALL TIME*
- 9.30%
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) |
|---|---|---|---|
| $37.04M | $38.78M | $39.74M | |
| $29.57M | $32.71M | $46.48M |
MGV vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 16.77% | 15.45% | 6.81% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between MGV and SBIT is -0.29, 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. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.28 |
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Return for Risk
MGV vs. SBIT — Risk / Return Rank
MGV
SBIT
MGV vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) 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.
| MGV | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.23 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.35 | +1.96 |
| Martin ratioReturn relative to average drawdown | 16.78 | 5.19 | +11.60 |
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Drawdowns
MGV vs. SBIT - Drawdown Comparison
The maximum MGV drawdown since its inception was -56.07%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for MGV and SBIT.
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Drawdown Indicators
| MGV | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -91.35% | +35.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -47.94% | +41.52% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -77.87% | +76.53% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -69.07% | +61.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 21.67% | -20.02% |
Volatility
MGV vs. SBIT - Volatility Comparison
The current volatility for Vanguard Mega Cap Value ETF (MGV) is 2.87%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that MGV 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
| MGV | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 18.09% | -15.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 67.10% | -59.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 88.65% | -78.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 96.10% | -82.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 96.10% | -79.80% |
MGV vs. SBIT - Expense Ratio Comparison
MGV has a 0.05% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
MGV vs. SBIT - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 1.87%, less than SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 1.87% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 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
MGV and SBIT have a correlation of -0.29, 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 MGV (2.87%). In terms of maximum drawdown, MGV dropped -56.07% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 28.72% for MGV. On fees, MGV is cheaper at 0.05% per year. On volatility, MGV has been the lower-risk option at 2.87%. 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 28.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGV is cheaper with a 0.05% expense ratio, compared with 0.95% for SBIT.
SBIT has the higher dividend yield at 4.03%, compared with 1.87% for MGV.
MGV is categorized as Large Cap Value Equities, while SBIT is Cryptocurrency. MGV tracks CRSP US Mega Cap Value Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.05% for MGV and 0.95% for SBIT.
MGV currently has the higher Sharpe Ratio (2.70 vs 1.27), 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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