Correlation
The correlation between SBIT and BTCFX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SBIT vs. BTCFX
Compare and contrast key facts about Proshares Ultrashort Bitcoin ETF (SBIT) and Bitcoin ProFund Investor (BTCFX).
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. BTCFX is managed by ProFunds. It was launched on Jul 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SBIT or BTCFX.
Performance
SBIT vs. BTCFX - Performance Comparison
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Key characteristics
SBIT:
-0.75
BTCFX:
0.78
SBIT:
-1.28
BTCFX:
1.41
SBIT:
0.85
BTCFX:
1.17
SBIT:
-0.90
BTCFX:
1.28
SBIT:
-1.30
BTCFX:
3.01
SBIT:
61.49%
BTCFX:
14.07%
SBIT:
105.56%
BTCFX:
54.07%
SBIT:
-88.17%
BTCFX:
-77.89%
SBIT:
-86.65%
BTCFX:
-6.28%
Returns By Period
In the year-to-date period, SBIT achieves a -36.98% return, which is significantly lower than BTCFX's 9.13% return.
SBIT
-36.98%
-20.51%
-35.39%
-79.47%
N/A
N/A
N/A
BTCFX
9.13%
10.48%
3.94%
41.76%
40.03%
N/A
N/A
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SBIT vs. BTCFX - Expense Ratio Comparison
SBIT has a 0.95% expense ratio, which is lower than BTCFX's 1.41% expense ratio.
Risk-Adjusted Performance
SBIT vs. BTCFX — Risk-Adjusted Performance Rank
SBIT
BTCFX
SBIT vs. BTCFX - Risk-Adjusted Performance 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.
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Dividends
SBIT vs. BTCFX - Dividend Comparison
SBIT's dividend yield for the trailing twelve months is around 1.28%, less than BTCFX's 21.44% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 1.28% | 1.01% | 0.00% |
BTCFX Bitcoin ProFund Investor | 21.44% | 24.28% | 10.95% |
Drawdowns
SBIT vs. BTCFX - Drawdown Comparison
The maximum SBIT drawdown since its inception was -88.17%, 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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Volatility
SBIT vs. BTCFX - Volatility Comparison
Proshares Ultrashort Bitcoin ETF (SBIT) has a higher volatility of 18.99% compared to Bitcoin ProFund Investor (BTCFX) at 10.25%. 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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