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 -5.42%/yr vs 7.46%/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
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Returns By Period
In the year-to-date period, SBB achieves a -16.65% return, which is significantly lower than BKSE's 17.11% return.
SBB
- 1D
- -1.66%
- 1M
- -5.49%
- YTD
- -16.65%
- 6M
- -14.34%
- 1Y
- -23.61%
- 3Y*
- -11.57%
- 5Y*
- -5.42%
- 10Y*
- -12.26%
BKSE
- 1D
- 0.71%
- 1M
- 4.45%
- YTD
- 17.11%
- 6M
- 14.56%
- 1Y
- 34.20%
- 3Y*
- 18.79%
- 5Y*
- 7.46%
- 10Y*
- —
SBB vs. BKSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -16.65% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -43.20% |
BKSE BNY Mellon US Small Cap Core Equity ETF | 17.11% | 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.
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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 | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.61 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.33 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 3.65 | -4.62 |
| Martin ratioReturn relative to average drawdown | -1.81 | 12.79 | -14.60 |
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Drawdowns
SBB vs. BKSE - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.91%, 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.
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Drawdown Indicators
| SBB | BKSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.91% | -29.08% | -66.83% |
Max Drawdown (1Y)Largest decline over 1 year | -24.44% | -9.40% | -15.04% |
Max Drawdown (3Y)Largest decline over 3 years | -37.62% | -26.76% | -10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -37.62% | -29.08% | -8.54% |
Max Drawdown (10Y)Largest decline over 10 years | -73.86% | — | — |
Current DrawdownCurrent decline from peak | -95.91% | 0.00% | -95.91% |
Average DrawdownAverage peak-to-trough decline | -74.58% | -8.99% | -65.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.05% | 2.68% | +10.37% |
Volatility
SBB vs. BKSE - Volatility Comparison
ProShares Short SmallCap600 (SBB) has a higher volatility of 5.08% compared to BNY Mellon US Small Cap Core Equity ETF (BKSE) at 4.64%. 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.
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Volatility by Period
| SBB | BKSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.64% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 12.30% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 17.75% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 21.45% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 22.26% | +1.02% |
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 3.77%, more than BKSE's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 1.12% | 1.26% | 1.55% | 1.38% | 1.50% | 1.17% | 0.82% | 0.00% | 0.00% |
SBB ProShares Short SmallCap600 | 3.77% | 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 (5.08%) compared to BKSE (4.64%). In terms of maximum drawdown, SBB dropped -95.91% vs BKSE's -29.08%.
On 5-year performance, BKSE leads with 7.46% vs -5.42% for SBB. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKSE has been the lower-risk option at 4.64%. 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 7.46% return vs -5.42%. 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 3.77%, compared with 1.12% 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 (1.94 vs -1.31), 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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