MSII vs. SBIT

Last updated Jul 14, 2026

MSII (REX MSTR Growth & Income ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - MSII is a Leveraged Equities fund actively managed by REX, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). MSII is actively managed, while SBIT is passively managed. Over the past year, MSII returned -75.55% vs 124.12% for SBIT. At a correlation of -0.81, they often move in opposite directions. MSII charges 0.99%/yr vs 0.95%/yr for SBIT.

Performance

MSII vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX MSTR Growth & Income ETF (MSII) 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, MSII achieves a -28.10% return, which is significantly lower than SBIT's 44.00% return.

MSII

• 1D: 0.00%
• 1M: 0.00%
• 6M: -32.25%
• YTD: -28.10%
• 1Y: -75.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIT

• 1D: 5.38%
• 1M: 1.44%
• 6M: 58.27%
• YTD: 44.00%
• 1Y: 124.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSII vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
MSII REX MSTR Growth & Income ETF	-28.10%	-61.03%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	22.60%

Correlation

The correlation between MSII and SBIT is -0.80, 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	-0.80
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	-0.81

The correlation between MSII and SBIT has been stable across timeframes, ranging from -0.81 to -0.80 - a consistent structural relationship.

Return for Risk

MSII vs. SBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSII

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SBIT

SBIT Risk / Return Rank: 52
SBIT Sharpe Ratio Rank: 51
SBIT Sortino Ratio Rank: 52
SBIT Omega Ratio Rank: 48
SBIT Calmar Ratio Rank: 66
SBIT Martin Ratio Rank: 45

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.

MSII vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX MSTR Growth & Income ETF (MSII) 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.

	MSII	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	1.41	-2.45
Sortino ratio: Return per unit of downside risk	-1.98	2.05	-4.03
Omega ratio: Gain probability vs. loss probability	0.77	1.25	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.94	2.60	-3.54
Martin ratio: Return relative to average drawdown	-1.31	5.92	-7.23

MSII vs. SBIT - Sharpe Ratio Comparison

The current MSII Sharpe Ratio is -1.03, which is lower than the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of MSII 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

MSII vs. SBIT - Drawdown Comparison

The maximum MSII drawdown since its inception was -78.73%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for MSII and SBIT.

Drawdown Indicators

	MSII	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-78.73%	-91.35%	+12.62%
Max Drawdown (1Y) Largest decline over 1 year	-78.73%	-47.94%	-30.79%
Current Drawdown Current decline from peak	-76.65%	-77.15%	+0.50%
Average Drawdown Average peak-to-trough decline	-48.03%	-68.83%	+20.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.38%	21.04%	+35.34%

Volatility

MSII vs. SBIT - Volatility Comparison

The current volatility for REX MSTR Growth & Income ETF (MSII) is 20.17%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that MSII 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

	MSII	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.17%	22.98%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	56.48%	68.89%	-12.41%
Volatility (1Y) Calculated over the trailing 1-year period	71.71%	88.51%	-16.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.96%	96.89%	-26.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.96%	96.89%	-26.93%

MSII vs. SBIT - Expense Ratio Comparison

MSII has a 0.99% expense ratio, which is higher than SBIT's 0.95% expense ratio.

Dividends

MSII vs. SBIT - Dividend Comparison

MSII has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 3.97%.

Position	TTM	2025	2024
MSII REX MSTR Growth & Income ETF	76.94%	48.93%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%

Frequently Asked Questions

Can I hold both MSII and SBIT in my portfolio?

MSII and SBIT have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSII or SBIT?

SBIT has higher volatility (22.98%) compared to MSII (20.17%). In terms of maximum drawdown, MSII dropped -78.73% vs SBIT's -91.35%.

Which ETF is better, MSII or SBIT?

On 1-year performance, SBIT leads with 124.12% vs -75.55% for MSII. On fees, SBIT is cheaper at 0.95% per year. On volatility, MSII has been the lower-risk option at 20.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSII or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs -75.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSII or SBIT?

SBIT is cheaper with a 0.95% expense ratio, compared with 0.99% for MSII.

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

MSII has the higher dividend yield at 76.94%, compared with 3.97% for SBIT.

What is the main difference between MSII and SBIT?

MSII is categorized as Leveraged Equities, while SBIT is Cryptocurrency. They also come from different issuers: REX and ProShares. Their fees differ too: 0.99% for MSII and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.41 vs -1.03), 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.