SBIT vs. SQQQ
SBIT (Proshares Ultrashort Bitcoin ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%), while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past year, SBIT returned 93.05% vs -54.82% for SQQQ. Their 0.43 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
SBIT vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SBIT achieves a 35.42% return, which is significantly higher than SQQQ's -38.05% return.
SBIT
- 1D
- -2.88%
- 1M
- -8.74%
- 6M
- 12.84%
- YTD
- 35.42%
- 1Y
- 93.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -43.26%
SQQQ
- 1D
- -5.26%
- 1M
- 3.70%
- 6M
- -34.63%
- YTD
- -38.05%
- 1Y
- -54.82%
- 3Y*
- -52.10%
- 5Y*
- -44.80%
- 10Y*
- -54.51%
- ALL TIME*
- -52.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.10M | $32.07M | $46.36M | |
| $2.77B | $2.43B | $2.72B |
SBIT vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 35.42% | -25.11% | -73.74% |
SQQQ ProShares UltraPro Short QQQ | -38.05% | -53.05% | -36.09% |
Correlation
The correlation between SBIT and SQQQ is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.43 |
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Return for Risk
SBIT vs. SQQQ — Risk / Return Rank
SBIT
SQQQ
SBIT vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Bitcoin ETF (SBIT) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.84 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.92 | +2.87 |
| Martin ratioReturn relative to average drawdown | 4.30 | -1.65 | +5.95 |
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Drawdowns
SBIT vs. SQQQ - Drawdown Comparison
The maximum SBIT drawdown since its inception was -91.35%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SBIT and SQQQ.
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Drawdown Indicators
| SBIT | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.35% | -100.00% | +8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -47.94% | -59.62% | +11.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -92.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.97% | — |
Current DrawdownCurrent decline from peak | -78.51% | -100.00% | +21.49% |
Average DrawdownAverage peak-to-trough decline | -69.09% | -92.78% | +23.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.71% | 35.25% | -13.54% |
Volatility
SBIT vs. SQQQ - Volatility Comparison
The current volatility for Proshares Ultrashort Bitcoin ETF (SBIT) is 17.65%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 21.07%. This indicates that SBIT experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBIT | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.65% | 21.07% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 67.17% | 48.20% | +18.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.67% | 57.95% | +30.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.04% | 68.24% | +27.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.04% | 66.78% | +29.26% |
SBIT vs. SQQQ - Expense Ratio Comparison
Both SBIT and SQQQ have an expense ratio of 0.95%.
Dividends
SBIT vs. SQQQ - Dividend Comparison
SBIT's dividend yield for the trailing twelve months is around 5.09%, less than SQQQ's 9.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 5.09% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 9.64% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Frequently Asked Questions
SBIT and SQQQ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (21.07%) compared to SBIT (17.65%). In terms of maximum drawdown, SBIT dropped -91.35% vs SQQQ's -100.00%.
On 1-year performance, SBIT leads with 93.05% vs -54.82% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, SBIT has been the lower-risk option at 17.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBIT has performed better with a 93.05% return vs -54.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SBIT and SQQQ have the same expense ratio: 0.95% per year.
SQQQ has the higher dividend yield at 9.64%, compared with 5.09% for SBIT.
SBIT is categorized as Cryptocurrency, while SQQQ is Leveraged Equities. SBIT tracks Bloomberg Bitcoin Index (-200%), while SQQQ tracks NASDAQ-100 Index (-300%).
SBIT currently has the higher Sharpe Ratio (1.06 vs -0.95), 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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