NEHI vs. SBIT
Compare and contrast key facts about NEOS Ethereum High Income ETF (NEHI) and Proshares Ultrashort Bitcoin ETF (SBIT).
NEHI and SBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NEHI is an actively managed fund by Neos. It was launched on Dec 2, 2025. SBIT is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-200%). It was launched on Apr 1, 2024.
Performance
NEHI vs. SBIT - Performance Comparison
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NEHI vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -26.13% | -3.02% |
SBIT Proshares Ultrashort Bitcoin ETF | 31.57% | 11.20% |
Returns By Period
In the year-to-date period, NEHI achieves a -26.13% return, which is significantly lower than SBIT's 31.57% return.
NEHI
- 1D
- 1.12%
- 1M
- 4.55%
- YTD
- -26.13%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBIT
- 1D
- -1.03%
- 1M
- -1.33%
- YTD
- 31.57%
- 6M
- 111.14%
- 1Y
- -5.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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NEHI vs. SBIT - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is higher than SBIT's 0.95% expense ratio.
Return for Risk
NEHI vs. SBIT — Risk / Return Rank
NEHI
SBIT
NEHI vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NEHI | SBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.98 | -0.49 | -0.49 |
Correlation
The correlation between NEHI and SBIT is -0.91. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
NEHI vs. SBIT - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 14.42%, more than SBIT's 3.42% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
NEHI NEOS Ethereum High Income ETF | 14.42% | 2.87% | 0.00% |
SBIT Proshares Ultrashort Bitcoin ETF | 3.42% | 0.52% | 1.00% |
Drawdowns
NEHI vs. SBIT - Drawdown Comparison
The maximum NEHI drawdown since its inception was -42.50%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for NEHI and SBIT.
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Drawdown Indicators
| NEHI | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.50% | -91.35% | +48.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.11% | — |
Current DrawdownCurrent decline from peak | -33.93% | -79.12% | +45.19% |
Average DrawdownAverage peak-to-trough decline | -22.04% | -67.28% | +45.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 47.12% | — |
Volatility
NEHI vs. SBIT - Volatility Comparison
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Volatility by Period
| NEHI | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 72.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 66.41% | 90.40% | -23.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.41% | 99.58% | -33.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.41% | 99.58% | -33.17% |