SBB vs. BKSE
SBB (ProShares Short SmallCap600) and BKSE (BNY Mellon US Small Cap Core Equity ETF) are both exchange-traded funds - SBB is a Inverse Equities fund tracking the S&P SmallCap 600 Index (-100%), while BKSE is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Index. Both are passively managed. Over the past 5 years, SBB returned -6.66%/yr vs 9.29%/yr for BKSE. At a correlation of -0.95, they often move in opposite directions. SBB charges 0.95%/yr vs 0.04%/yr for BKSE.
Performance
SBB vs. BKSE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SBB achieves a -16.75% return, which is significantly lower than BKSE's 19.11% return.
SBB
- 1D
- -0.47%
- 1M
- -1.62%
- 6M
- -11.93%
- YTD
- -16.75%
- 1Y
- -22.35%
- 3Y*
- -10.00%
- 5Y*
- -6.66%
- 10Y*
- -11.75%
BKSE
- 1D
- 0.49%
- 1M
- 2.39%
- 6M
- 12.35%
- YTD
- 19.11%
- 1Y
- 33.82%
- 3Y*
- 16.75%
- 5Y*
- 9.29%
- 10Y*
- —
SBB vs. BKSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -16.75% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -43.20% |
BKSE BNY Mellon US Small Cap Core Equity ETF | 19.11% | 13.09% | 9.56% | 22.37% | -18.44% | 16.18% | 53.89% |
Correlation
The correlation between SBB and BKSE is -0.96, 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 | -0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020 | -0.95 |
The correlation between SBB and BKSE has been stable across timeframes, ranging from -0.97 to -0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SBB vs. BKSE — Risk / Return Rank
SBB
BKSE
SBB vs. BKSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) and BNY Mellon US Small Cap Core Equity ETF (BKSE). 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.
| SBB | BKSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.56 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.33 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 3.61 | -4.49 |
| Martin ratioReturn relative to average drawdown | -1.61 | 12.68 | -14.29 |
Loading charts...
Drawdowns
SBB vs. BKSE - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.99%, which is greater than BKSE's maximum drawdown of -29.08%. Use the drawdown chart below to compare losses from any high point for SBB and BKSE.
Loading charts...
Drawdown Indicators
| SBB | BKSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.99% | -29.08% | -66.91% |
Max Drawdown (1Y)Largest decline over 1 year | -25.50% | -9.40% | -16.10% |
Max Drawdown (3Y)Largest decline over 3 years | -38.75% | -26.76% | -11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -29.08% | -9.67% |
Max Drawdown (10Y)Largest decline over 10 years | -73.24% | — | — |
Current DrawdownCurrent decline from peak | -95.92% | -0.63% | -95.29% |
Average DrawdownAverage peak-to-trough decline | -74.64% | -8.91% | -65.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.92% | 2.67% | +11.25% |
Volatility
SBB vs. BKSE - Volatility Comparison
ProShares Short SmallCap600 (SBB) has a higher volatility of 4.00% compared to BNY Mellon US Small Cap Core Equity ETF (BKSE) at 3.53%. This indicates that SBB's price experiences larger fluctuations and is considered to be riskier than BKSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SBB | BKSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 3.53% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 12.14% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 17.58% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 21.42% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 22.19% | +1.03% |
SBB vs. BKSE - Expense Ratio Comparison
SBB has a 0.95% expense ratio, which is higher than BKSE's 0.04% expense ratio.
Dividends
SBB vs. BKSE - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.73%, more than BKSE's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 1.20% | 1.26% | 1.55% | 1.38% | 1.50% | 1.17% | 0.82% | 0.00% | 0.00% |
SBB ProShares Short SmallCap600 | 3.73% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
Frequently Asked Questions
SBB and BKSE have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBB has higher volatility (4.00%) compared to BKSE (3.53%). In terms of maximum drawdown, SBB dropped -95.99% vs BKSE's -29.08%.
On 5-year performance, BKSE leads with 9.29% vs -6.66% for SBB. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKSE has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKSE has performed better with a 9.29% return vs -6.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKSE is cheaper with a 0.04% expense ratio, compared with 0.95% for SBB.
SBB has the higher dividend yield at 3.73%, compared with 1.20% for BKSE.
SBB is categorized as Inverse Equities, while BKSE is Small Cap Growth Equities. SBB tracks S&P SmallCap 600 Index (-100%), while BKSE tracks Morningstar US Small Cap Index. They also come from different issuers: ProShares and BNY Mellon. Their fees differ too: 0.95% for SBB and 0.04% for BKSE.
BKSE currently has the higher Sharpe Ratio (1.95 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.
Find the right allocation for SBB and BKSE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer