SBIT vs. UVXY
Compare and contrast key facts about Proshares Ultrashort Bitcoin ETF (SBIT) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).
SBIT and UVXY 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. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. Both SBIT and UVXY 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. UVXY - Performance Comparison
Loading graphics...
SBIT vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 31.57% | -25.11% | -73.13% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 40.61% | -65.32% | -37.31% |
Returns By Period
In the year-to-date period, SBIT achieves a 31.57% return, which is significantly lower than UVXY's 40.61% return.
SBIT
- 1D
- -1.03%
- 1M
- -1.33%
- YTD
- 31.57%
- 6M
- 111.14%
- 1Y
- -5.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UVXY
- 1D
- -3.40%
- 1M
- 25.05%
- YTD
- 40.61%
- 6M
- -2.75%
- 1Y
- -57.00%
- 3Y*
- -64.84%
- 5Y*
- -67.28%
- 10Y*
- -72.80%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SBIT vs. UVXY - Expense Ratio Comparison
Both SBIT and UVXY have an expense ratio of 0.95%.
Return for Risk
SBIT vs. UVXY — Risk / Return Rank
SBIT
UVXY
SBIT vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Bitcoin ETF (SBIT) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | -0.51 | +0.45 |
Sortino ratioReturn per unit of downside risk | 0.57 | -0.30 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.07 | 0.96 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.17 | -0.66 | +0.50 |
Martin ratioReturn relative to average drawdown | -0.24 | -0.80 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SBIT | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | -0.51 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.67 | +0.18 |
Correlation
The correlation between SBIT and UVXY is 0.35, 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.
Dividends
SBIT vs. UVXY - Dividend Comparison
SBIT's dividend yield for the trailing twelve months is around 3.42%, while UVXY has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 3.42% | 0.52% | 1.00% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
SBIT vs. UVXY - Drawdown Comparison
The maximum SBIT drawdown since its inception was -91.35%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SBIT and UVXY.
Loading graphics...
Drawdown Indicators
| SBIT | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.35% | -100.00% | +8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -67.11% | -85.64% | +18.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -79.12% | -100.00% | +20.88% |
Average DrawdownAverage peak-to-trough decline | -67.28% | -98.53% | +31.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.12% | 71.09% | -23.97% |
Volatility
SBIT vs. UVXY - Volatility Comparison
The current volatility for Proshares Ultrashort Bitcoin ETF (SBIT) is 26.24%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 45.03%. This indicates that SBIT experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SBIT | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.24% | 45.03% | -18.79% |
Volatility (6M)Calculated over the trailing 6-month period | 72.98% | 71.80% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.40% | 113.07% | -22.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.58% | 105.47% | -5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.58% | 114.51% | -14.93% |