NVDW vs. SBIT

Last updated Jul 14, 2026

NVDW (Roundhill NVDA WeeklyPay ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - NVDW is a Derivative Income fund actively managed by Roundhill, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). NVDW is actively managed, while SBIT is passively managed. Over the past year, NVDW returned 22.24% vs 124.12% for SBIT. At a correlation of -0.33, they often move in opposite directions. NVDW charges 0.99%/yr vs 0.95%/yr for SBIT.

Performance

NVDW vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill NVDA WeeklyPay ETF (NVDW) 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, NVDW achieves a 8.10% return, which is significantly lower than SBIT's 44.00% return.

NVDW

• 1D: -3.94%
• 1M: -1.20%
• 6M: 9.42%
• YTD: 8.10%
• 1Y: 22.24%
• 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)

NVDW vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill NVDA WeeklyPay ETF	8.10%	33.44%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	18.83%

Correlation

The correlation between NVDW and SBIT is -0.30, 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	-0.30
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	-0.33

Return for Risk

NVDW vs. SBIT — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 21
NVDW Sharpe Ratio Rank: 19
NVDW Sortino Ratio Rank: 22
NVDW Omega Ratio Rank: 20
NVDW Calmar Ratio Rank: 23
NVDW Martin Ratio Rank: 20

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.

NVDW vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NVDA WeeklyPay ETF (NVDW) 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.

	NVDW	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.52	1.41	-0.89
Sortino ratio: Return per unit of downside risk	1.02	2.05	-1.04
Omega ratio: Gain probability vs. loss probability	1.12	1.25	-0.13
Calmar ratio: Return relative to maximum drawdown	0.87	2.60	-1.73
Martin ratio: Return relative to average drawdown	1.88	5.92	-4.04

NVDW vs. SBIT - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 0.52, which is lower than the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of NVDW 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

NVDW vs. SBIT - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for NVDW and SBIT.

Drawdown Indicators

	NVDW	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-91.35%	+65.81%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-47.94%	+22.40%
Current Drawdown Current decline from peak	-16.71%	-77.15%	+60.44%
Average Drawdown Average peak-to-trough decline	-8.99%	-68.83%	+59.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.83%	21.04%	-9.21%

Volatility

NVDW vs. SBIT - Volatility Comparison

The current volatility for Roundhill NVDA WeeklyPay ETF (NVDW) is 12.79%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that NVDW 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

	NVDW	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.79%	22.98%	-10.19%
Volatility (6M) Calculated over the trailing 6-month period	32.65%	68.89%	-36.24%
Volatility (1Y) Calculated over the trailing 1-year period	42.80%	88.51%	-45.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.99%	96.89%	-54.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.99%	96.89%	-54.90%

NVDW vs. SBIT - Expense Ratio Comparison

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

Dividends

NVDW vs. SBIT - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 63.66%, more than SBIT's 3.97% yield.

Position	TTM	2025	2024
NVDW Roundhill NVDA WeeklyPay ETF	63.66%	38.94%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%

Frequently Asked Questions

Can I hold both NVDW and SBIT in my portfolio?

NVDW and SBIT have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDW or SBIT?

SBIT has higher volatility (22.98%) compared to NVDW (12.79%). In terms of maximum drawdown, NVDW dropped -25.54% vs SBIT's -91.35%.

Which ETF is better, NVDW or SBIT?

On 1-year performance, SBIT leads with 124.12% vs 22.24% for NVDW. On fees, SBIT is cheaper at 0.95% per year. On volatility, NVDW has been the lower-risk option at 12.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs 22.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or SBIT?

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

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

NVDW has the higher dividend yield at 63.66%, compared with 3.97% for SBIT.

What is the main difference between NVDW and SBIT?

NVDW is categorized as Derivative Income, while SBIT is Cryptocurrency. They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.99% for NVDW and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.41 vs 0.52), 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.