QTUM vs. SBIT
QTUM (Defiance Quantum ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, QTUM returned 57.72% vs 98.77% for SBIT. Their -0.48 correlation means they have often moved in opposite directions in the past. QTUM charges 0.40%/yr vs 0.95%/yr for SBIT.
Performance
QTUM vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, QTUM achieves a 29.28% return, which is significantly lower than SBIT's 39.44% return.
QTUM
- 1D
- 0.67%
- 1M
- -8.88%
- 6M
- 22.33%
- YTD
- 29.28%
- 1Y
- 57.72%
- 3Y*
- 39.51%
- 5Y*
- 24.56%
- 10Y*
- —
- ALL TIME*
- 25.62%
SBIT
- 1D
- 5.60%
- 1M
- -6.04%
- 6M
- 32.41%
- YTD
- 39.44%
- 1Y
- 98.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.21M | $61.13M | $111.15M | |
| $29.57M | $32.71M | $46.48M |
QTUM vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QTUM Defiance Quantum ETF | 29.28% | 36.65% | 33.07% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between QTUM and SBIT is -0.52, 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. | -0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.48 |
The correlation between QTUM and SBIT has been stable across timeframes, ranging from -0.52 to -0.48 - a consistent structural relationship.
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Return for Risk
QTUM vs. SBIT — Risk / Return Rank
QTUM
SBIT
QTUM vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.
| QTUM | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.35 | +0.22 |
| Martin ratioReturn relative to average drawdown | 9.41 | 5.19 | +4.23 |
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Drawdowns
QTUM vs. SBIT - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for QTUM and SBIT.
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Drawdown Indicators
| QTUM | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -91.35% | +52.90% |
Max Drawdown (1Y)Largest decline over 1 year | -21.51% | -47.94% | +26.43% |
Max Drawdown (3Y)Largest decline over 3 years | -25.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | — | — |
Current DrawdownCurrent decline from peak | -16.16% | -77.87% | +61.71% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -69.07% | +60.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.87% | 21.67% | -15.80% |
Volatility
QTUM vs. SBIT - Volatility Comparison
The current volatility for Defiance Quantum ETF (QTUM) is 11.38%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that QTUM 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.
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Volatility by Period
| QTUM | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.38% | 18.09% | -6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 26.47% | 67.10% | -40.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.67% | 88.65% | -56.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.69% | 96.10% | -68.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.69% | 96.10% | -68.41% |
QTUM vs. SBIT - Expense Ratio Comparison
QTUM has a 0.40% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
QTUM vs. SBIT - Dividend Comparison
QTUM's dividend yield for the trailing twelve months is around 0.83%, less than SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QTUM Defiance Quantum ETF | 0.83% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% |
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QTUM and SBIT have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (18.09%) compared to QTUM (11.38%). In terms of maximum drawdown, QTUM dropped -38.45% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 57.72% for QTUM. On fees, QTUM is cheaper at 0.40% per year. On volatility, QTUM has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBIT has performed better with a 98.77% return vs 57.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTUM is cheaper with a 0.40% expense ratio, compared with 0.95% for SBIT.
SBIT has the higher dividend yield at 4.03%, compared with 0.83% for QTUM.
QTUM is categorized as Technology Equities, while SBIT is Cryptocurrency. QTUM tracks BlueStar Machine Learning and Quantum Computing Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Defiance and ProShares. Their fees differ too: 0.40% for QTUM and 0.95% for SBIT.
QTUM currently has the higher Sharpe Ratio (1.75 vs 1.27), 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.
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