NVII vs. SBIT

Last updated Aug 2, 2026

NVII (REX NVIDIA Growth & Income ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - NVII is a Derivative Income fund actively managed by REX, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). NVII is actively managed, while SBIT is passively managed. Over the past year, NVII returned 22.53% vs 98.77% for SBIT. Their -0.32 correlation means they have often moved in opposite directions in the past. NVII charges 0.99%/yr vs 0.95%/yr for SBIT.

Performance

NVII vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX NVIDIA Growth & Income ETF (NVII) 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, NVII achieves a 9.94% return, which is significantly lower than SBIT's 39.44% return.

NVII

• 1D: 2.98%
• 1M: 4.57%
• 6M: 5.73%
• YTD: 9.94%
• 1Y: 22.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 51.03%

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)
NVII REX NVIDIA Growth & Income ETF	$2.98M	$2.81M	$3.98M
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M

NVII vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
NVII REX NVIDIA Growth & Income ETF	9.94%	47.63%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	31.17%

Correlation

The correlation between NVII and SBIT is -0.32, 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.	-0.32
Correlation (All Time) Calculated using the full available price history since May 28, 2025	-0.32

Return for Risk

NVII vs. SBIT — Risk / Return Rank

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

NVII

NVII Risk / Return Rank: 26
NVII Sharpe Ratio Rank: 23
NVII Sortino Ratio Rank: 25
NVII Omega Ratio Rank: 24
NVII Calmar Ratio Rank: 31
NVII Martin Ratio Rank: 27

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.

NVII vs. SBIT - Risk-Adjusted Trends Comparison

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

	NVII	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.52	1.27	-0.75
Sortino ratio: Return per unit of downside risk	0.94	1.95	-1.01
Omega ratio: Gain probability vs. loss probability	1.11	1.23	-0.12
Calmar ratio: Return relative to maximum drawdown	1.05	2.35	-1.30
Martin ratio: Return relative to average drawdown	2.18	5.19	-3.01

NVII vs. SBIT - Sharpe Ratio Comparison

The current NVII Sharpe Ratio is 0.52, which is lower than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of NVII 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

NVII vs. SBIT - Drawdown Comparison

The maximum NVII drawdown since its inception was -18.56%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for NVII and SBIT.

Drawdown Indicators

	NVII	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-18.56%	-91.35%	+72.79%
Max Drawdown (1Y) Largest decline over 1 year	-18.56%	-47.94%	+29.38%
Current Drawdown Current decline from peak	-12.95%	-77.87%	+64.92%
Average Drawdown Average peak-to-trough decline	-6.46%	-69.07%	+62.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.92%	21.67%	-12.75%

Volatility

NVII vs. SBIT - Volatility Comparison

The current volatility for REX NVIDIA Growth & Income ETF (NVII) is 12.13%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that NVII 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

	NVII	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.13%	18.09%	-5.96%
Volatility (6M) Calculated over the trailing 6-month period	28.54%	67.10%	-38.56%
Volatility (1Y) Calculated over the trailing 1-year period	37.09%	88.65%	-51.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.93%	96.10%	-60.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.93%	96.10%	-60.17%

NVII vs. SBIT - Expense Ratio Comparison

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

Dividends

NVII vs. SBIT - Dividend Comparison

NVII's dividend yield for the trailing twelve months is around 58.30%, more than SBIT's 4.10% yield.

Position	TTM	2025	2024
NVII REX NVIDIA Growth & Income ETF	58.30%	29.17%	0.00%
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%

Frequently Asked Questions

Can I hold both NVII and SBIT in my portfolio?

NVII and SBIT have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVII or SBIT?

SBIT has higher volatility (18.09%) compared to NVII (12.13%). In terms of maximum drawdown, NVII dropped -18.56% vs SBIT's -91.35%.

Which ETF is better, NVII or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 22.53% for NVII. On fees, SBIT is cheaper at 0.95% per year. On volatility, NVII has been the lower-risk option at 12.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVII or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 22.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVII or SBIT?

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

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

NVII has the higher dividend yield at 58.30%, compared with 4.03% for SBIT.

What is the main difference between NVII and SBIT?

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

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 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.