SBIT vs. BTCFX
SBIT (Proshares Ultrashort Bitcoin ETF) and BTCFX (Bitcoin ProFund Investor) are both Cryptocurrency funds. Over the past year, SBIT returned 71.04% vs -40.56% for BTCFX. At a correlation of -0.99, they often move in opposite directions. SBIT charges 0.95%/yr vs 1.41%/yr for BTCFX.
Performance
SBIT vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, SBIT achieves a 45.97% return, which is significantly higher than BTCFX's -27.61% return.
SBIT
- 1D
- 6.59%
- 1M
- 41.04%
- YTD
- 45.97%
- 6M
- 46.69%
- 1Y
- 71.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCFX
- 1D
- 2.39%
- 1M
- -15.16%
- YTD
- -27.61%
- 6M
- -27.80%
- 1Y
- -40.56%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
SBIT vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 45.97% | -25.11% | -73.74% |
BTCFX Bitcoin ProFund Investor | -27.61% | -11.83% | 25.75% |
Correlation
The correlation between SBIT and BTCFX is -0.99, 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 | -0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.99 |
The correlation between SBIT and BTCFX has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.
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Return for Risk
SBIT vs. BTCFX — Risk / Return Rank
SBIT
BTCFX
SBIT vs. BTCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Bitcoin ETF (SBIT) and Bitcoin ProFund Investor (BTCFX). 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.
| SBIT | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.86 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.76 | +2.25 |
| Martin ratioReturn relative to average drawdown | 3.11 | -1.30 | +4.40 |
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Drawdowns
SBIT vs. BTCFX - Drawdown Comparison
The maximum SBIT drawdown since its inception was -91.35%, which is greater than BTCFX's maximum drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for SBIT and BTCFX.
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Drawdown Indicators
| SBIT | BTCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.35% | -77.89% | -13.46% |
Max Drawdown (1Y)Largest decline over 1 year | -47.94% | -53.40% | +5.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.40% | — |
Current DrawdownCurrent decline from peak | -76.84% | -50.35% | -26.49% |
Average DrawdownAverage peak-to-trough decline | -68.66% | -36.07% | -32.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.93% | 31.37% | -7.44% |
Volatility
SBIT vs. BTCFX - Volatility Comparison
Proshares Ultrashort Bitcoin ETF (SBIT) has a higher volatility of 26.11% compared to Bitcoin ProFund Investor (BTCFX) at 12.77%. This indicates that SBIT's price experiences larger fluctuations and is considered to be riskier than BTCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBIT | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.11% | 12.77% | +13.34% |
Volatility (6M)Calculated over the trailing 6-month period | 68.77% | 34.56% | +34.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.37% | 44.46% | +43.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.39% | 55.31% | +42.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.39% | 55.31% | +42.08% |
SBIT vs. BTCFX - Expense Ratio Comparison
SBIT has a 0.95% expense ratio, which is lower than BTCFX's 1.41% expense ratio.
Dividends
SBIT vs. BTCFX - Dividend Comparison
SBIT's dividend yield for the trailing twelve months is around 3.21%, less than BTCFX's 38.65% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor | 38.65% | 44.62% | 24.28% | 10.95% |
SBIT Proshares Ultrashort Bitcoin ETF | 3.21% | 0.52% | 1.00% | 0.00% |
Frequently Asked Questions
SBIT and BTCFX have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (26.11%) compared to BTCFX (12.77%). In terms of maximum drawdown, SBIT dropped -91.35% vs BTCFX's -77.89%.
SBIT currently has the higher Sharpe Ratio (0.81 vs -0.92), 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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