SBIT vs. BITI
Compare and contrast key facts about Proshares Ultrashort Bitcoin ETF (SBIT) and ProShares Shrt Bitcoin ETF (BITI).
SBIT and BITI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBIT is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-200%). It was launched on Apr 1, 2024. BITI is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-100%). It was launched on Jun 21, 2022. Both SBIT and BITI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SBIT or BITI.
Correlation
The correlation between SBIT and BITI is -0.40. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SBIT vs. BITI - Performance Comparison
Key characteristics
SBIT:
-0.74
BITI:
-0.89
SBIT:
-1.27
BITI:
-1.25
SBIT:
0.85
BITI:
0.86
SBIT:
-0.96
BITI:
-0.54
SBIT:
-1.34
BITI:
-1.42
SBIT:
60.17%
BITI:
34.33%
SBIT:
107.92%
BITI:
54.55%
SBIT:
-84.21%
BITI:
-90.29%
SBIT:
-84.06%
BITI:
-89.81%
Returns By Period
In the year-to-date period, SBIT achieves a -24.78% return, which is significantly lower than BITI's -8.26% return.
SBIT
-24.78%
-27.69%
-64.73%
-84.06%
N/A
N/A
BITI
-8.26%
-11.81%
-34.74%
-48.25%
N/A
N/A
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SBIT vs. BITI - Expense Ratio Comparison
SBIT has a 0.95% expense ratio, which is lower than BITI's 1.03% expense ratio.
Risk-Adjusted Performance
SBIT vs. BITI — Risk-Adjusted Performance Rank
SBIT
BITI
SBIT vs. BITI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Bitcoin ETF (SBIT) and ProShares Shrt Bitcoin ETF (BITI). 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.
Dividends
SBIT vs. BITI - Dividend Comparison
SBIT's dividend yield for the trailing twelve months is around 1.07%, less than BITI's 3.23% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 1.07% | 1.00% | 0.00% | 0.00% |
BITI ProShares Shrt Bitcoin ETF | 3.23% | 3.91% | 3.33% | 0.07% |
Drawdowns
SBIT vs. BITI - Drawdown Comparison
The maximum SBIT drawdown since its inception was -84.21%, smaller than the maximum BITI drawdown of -90.29%. Use the drawdown chart below to compare losses from any high point for SBIT and BITI. For additional features, visit the drawdowns tool.
Volatility
SBIT vs. BITI - Volatility Comparison
Proshares Ultrashort Bitcoin ETF (SBIT) has a higher volatility of 31.32% compared to ProShares Shrt Bitcoin ETF (BITI) at 15.85%. This indicates that SBIT's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.