POCT vs. SBIT

Last updated Jul 14, 2026

POCT (Innovator U.S. Equity Power Buffer ETF October) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - POCT is a Defined Outcome fund tracking the Cboe S&P 500 15% Buffer Protect October Series Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, POCT returned 12.04% vs 124.12% for SBIT. At a correlation of -0.41, they often move in opposite directions. POCT charges 0.79%/yr vs 0.95%/yr for SBIT.

Performance

POCT vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Power Buffer ETF October (POCT) 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, POCT achieves a 6.01% return, which is significantly lower than SBIT's 44.00% return.

POCT

• 1D: -0.26%
• 1M: 1.00%
• 6M: 5.17%
• YTD: 6.01%
• 1Y: 12.04%
• 3Y*: 11.52%
• 5Y*: 9.84%
• 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)

POCT vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
POCT Innovator U.S. Equity Power Buffer ETF October	6.01%	11.00%	5.48%
SBIT Proshares Ultrashort Bitcoin ETF	44.00%	-25.11%	-73.74%

Correlation

The correlation between POCT and SBIT is -0.50, 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	-0.50
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.41

The correlation between POCT and SBIT has been stable across timeframes, ranging from -0.50 to -0.41 - a consistent structural relationship.

Return for Risk

POCT vs. SBIT — Risk / Return Rank

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

POCT

POCT Risk / Return Rank: 79
POCT Sharpe Ratio Rank: 78
POCT Sortino Ratio Rank: 80
POCT Omega Ratio Rank: 83
POCT Calmar Ratio Rank: 69
POCT Martin Ratio Rank: 85

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.

POCT vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF October (POCT) 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.

	POCT	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.41	+0.55
Sortino ratio: Return per unit of downside risk	2.82	2.05	+0.77
Omega ratio: Gain probability vs. loss probability	1.39	1.25	+0.14
Calmar ratio: Return relative to maximum drawdown	2.75	2.60	+0.14
Martin ratio: Return relative to average drawdown	13.83	5.92	+7.91

POCT vs. SBIT - Sharpe Ratio Comparison

The current POCT Sharpe Ratio is 1.97, which is higher than the SBIT Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of POCT 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

POCT vs. SBIT - Drawdown Comparison

The maximum POCT drawdown since its inception was -18.80%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for POCT and SBIT.

Drawdown Indicators

	POCT	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-18.80%	-91.35%	+72.55%
Max Drawdown (1Y) Largest decline over 1 year	-4.40%	-47.94%	+43.54%
Max Drawdown (3Y) Largest decline over 3 years	-10.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.22%	—	—
Current Drawdown Current decline from peak	-0.26%	-77.15%	+76.89%
Average Drawdown Average peak-to-trough decline	-1.48%	-68.83%	+67.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	21.04%	-20.17%

Volatility

POCT vs. SBIT - Volatility Comparison

The current volatility for Innovator U.S. Equity Power Buffer ETF October (POCT) is 1.64%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 22.98%. This indicates that POCT 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

	POCT	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	22.98%	-21.34%
Volatility (6M) Calculated over the trailing 6-month period	4.97%	68.89%	-63.92%
Volatility (1Y) Calculated over the trailing 1-year period	6.15%	88.51%	-82.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.98%	96.89%	-88.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.18%	96.89%	-86.71%

POCT vs. SBIT - Expense Ratio Comparison

POCT has a 0.79% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

POCT vs. SBIT - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019
POCT Innovator U.S. Equity Power Buffer ETF October	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.21%
SBIT Proshares Ultrashort Bitcoin ETF	3.97%	0.52%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both POCT and SBIT in my portfolio?

POCT and SBIT have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POCT or SBIT?

SBIT has higher volatility (22.98%) compared to POCT (1.64%). In terms of maximum drawdown, POCT dropped -18.80% vs SBIT's -91.35%.

Which ETF is better, POCT or SBIT?

On 1-year performance, SBIT leads with 124.12% vs 12.04% for POCT. On fees, POCT is cheaper at 0.79% per year. On volatility, POCT has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, POCT or SBIT?

Over the 1-year period, SBIT has performed better with a 124.12% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, POCT or SBIT?

POCT is cheaper with a 0.79% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 3.97%, compared with 0.00% for POCT.

What is the main difference between POCT and SBIT?

POCT is categorized as Defined Outcome, while SBIT is Cryptocurrency. POCT tracks Cboe S&P 500 15% Buffer Protect October Series Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for POCT and 0.95% for SBIT.

Which has better risk-adjusted returns?

POCT currently has the higher Sharpe Ratio (1.97 vs 1.41), 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.