SBIT vs. USD
Compare and contrast key facts about Proshares Ultrashort Bitcoin ETF (SBIT) and ProShares Ultra Semiconductors (USD).
SBIT and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. Both SBIT and USD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SBIT vs. USD - Performance Comparison
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SBIT vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 31.57% | -25.11% | -73.13% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 32.82% |
Returns By Period
In the year-to-date period, SBIT achieves a 31.57% return, which is significantly higher than USD's -4.90% return.
SBIT
- 1D
- -1.03%
- 1M
- -1.33%
- YTD
- 31.57%
- 6M
- 111.14%
- 1Y
- -5.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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SBIT vs. USD - Expense Ratio Comparison
Both SBIT and USD have an expense ratio of 0.95%.
Return for Risk
SBIT vs. USD — Risk / Return Rank
SBIT
USD
SBIT vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Bitcoin ETF (SBIT) and ProShares Ultra Semiconductors (USD). 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.
| SBIT | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 1.90 | -1.95 |
Sortino ratioReturn per unit of downside risk | 0.57 | 2.44 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.34 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | -0.17 | 4.67 | -4.84 |
Martin ratioReturn relative to average drawdown | -0.24 | 12.81 | -13.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBIT | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 1.90 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | 0.41 | -0.90 |
Correlation
The correlation between SBIT and USD is -0.35. 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.
Dividends
SBIT vs. USD - Dividend Comparison
SBIT's dividend yield for the trailing twelve months is around 3.42%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 3.42% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
SBIT vs. USD - Drawdown Comparison
The maximum SBIT drawdown since its inception was -91.35%, roughly equal to the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for SBIT and USD.
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Drawdown Indicators
| SBIT | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.35% | -88.63% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -67.11% | -31.80% | -35.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -79.12% | -21.24% | -57.88% |
Average DrawdownAverage peak-to-trough decline | -67.28% | -32.60% | -34.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.12% | 11.60% | +35.52% |
Volatility
SBIT vs. USD - Volatility Comparison
Proshares Ultrashort Bitcoin ETF (SBIT) has a higher volatility of 26.24% compared to ProShares Ultra Semiconductors (USD) at 21.67%. This indicates that SBIT's price experiences larger fluctuations and is considered to be riskier than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBIT | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.24% | 21.67% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 72.98% | 48.73% | +24.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.40% | 77.08% | +13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.58% | 76.24% | +23.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.58% | 68.85% | +30.73% |