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SKF vs. BITU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SKF vs. BITU

Last updated Jun 3, 2026

SKF (ProShares UltraShort Financials) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - SKF is a Leveraged Equities fund tracking the DJ Global United States (All) / Financials -IND (-200%), while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, SKF returned -0.48% vs -70.45% for BITU. At a correlation of -0.28, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

SKF vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Financials (SKF) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SKF achieves a 13.03% return, which is significantly higher than BITU's -50.14% return.

SKF

1D
-0.14%
1M
2.29%
YTD
13.03%
6M
5.16%
1Y
-0.48%
3Y*
-24.93%
5Y*
-15.59%
10Y*
-26.08%

BITU

1D
-11.77%
1M
-28.10%
YTD
-50.14%
6M
-54.90%
1Y
-70.45%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SKF vs. BITU - Yearly Performance Comparison

2026 (YTD)20252024
SKF
ProShares UltraShort Financials		13.03%-23.99%-23.18%
BITU
Proshares Ultra Bitcoin ETF		-50.14%-37.07%37.90%

Correlation

The correlation between SKF and BITU is -0.23, 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

-0.23

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2024

-0.28

SKF vs. BITU - Sectors Allocation Comparison

Sectors
SKF
BITU

Financial Services

48.0%
4.2%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

SKF
48.0%
BITU
4.2%

Basic Materials

SKF

-

BITU

-

Communication Services

SKF

-

BITU

-

Consumer Cyclical

SKF

-

BITU

-

Consumer Defensive

SKF

-

BITU

-

Energy

SKF

-

BITU

-

Healthcare

SKF

-

BITU

-

Industrials

SKF

-

BITU

-

Real Estate

SKF

-

BITU

-

Technology

SKF

-

BITU

-

Utilities

SKF

-

BITU

-

Compare stocks, funds, or ETFs

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ProShares UltraShort Financials

Proshares Ultra Bitcoin ETF

Often compared with SKF:
SKF vs. UYGSKF vs. PSQSKF vs. EUFNSKF vs. AUMISKF vs. SPYSKF vs. TSMGSKF vs. TSMU
Often compared with BITU:
BITU vs. BITXBITU vs. BITOBITU vs. IBITBITU vs. BTC-USDBITU vs. MSTRBITU vs. CONLBITU vs. BITB

Return for Risk

SKF vs. BITU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SKF
SKF Risk / Return Rank: 99
Overall Rank
SKF Sharpe Ratio Rank: 99
Sharpe Ratio Rank
SKF Sortino Ratio Rank: 99
Sortino Ratio Rank
SKF Omega Ratio Rank: 99
Omega Ratio Rank
SKF Calmar Ratio Rank: 88
Calmar Ratio Rank
SKF Martin Ratio Rank: 88
Martin Ratio Rank
BITU
BITU Risk / Return Rank: 22
Overall Rank
BITU Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BITU Sortino Ratio Rank: 22
Sortino Ratio Rank
BITU Omega Ratio Rank: 22
Omega Ratio Rank
BITU Calmar Ratio Rank: 11
Calmar Ratio Rank
BITU Martin Ratio Rank: 11
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKF vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Financials (SKF) and Proshares Ultra Bitcoin ETF (BITU). 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.

SKFBITUDifference

Sharpe ratio

Return per unit of total volatility

-0.02

-0.81

+0.80

Sortino ratio

Return per unit of downside risk

0.19

-1.30

+1.49

Omega ratio

Gain probability vs. loss probability

1.02

0.85

+0.17

Calmar ratio

Return relative to maximum drawdown

-0.03

-0.91

+0.87

Martin ratio

Return relative to average drawdown

-0.06

-1.42

+1.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKF vs. BITU - Sharpe Ratio Comparison

The current SKF Sharpe Ratio is -0.02, which is higher than the BITU Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of SKF and BITU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

SKFBITUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.02

-0.81

+0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.43

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.64

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.51

-0.33

-0.18

Drawdowns

SKF vs. BITU - Drawdown Comparison

The maximum SKF drawdown since its inception was -99.96%, which is greater than BITU's maximum drawdown of -77.76%. Use the drawdown chart below to compare losses from any high point for SKF and BITU.

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Drawdown Indicators

SKFBITUDifference

Max Drawdown

Largest peak-to-trough decline

-99.96%

-77.76%

-22.20%

Max Drawdown (1Y)

Largest decline over 1 year

-20.76%

-77.76%

+57.00%

Max Drawdown (3Y)

Largest decline over 3 years

-68.09%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-72.40%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-96.51%

—

—

Current Drawdown

Current decline from peak

-99.95%

-77.70%

-22.25%

Average Drawdown

Average peak-to-trough decline

-89.26%

-34.41%

-54.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.10%

49.59%

-38.49%

Volatility

SKF vs. BITU - Volatility Comparison

The current volatility for ProShares UltraShort Financials (SKF) is 6.00%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 19.53%. This indicates that SKF experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SKFBITUDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.00%

19.53%

-13.53%

Volatility (6M)

Calculated over the trailing 6-month period

21.75%

70.19%

-48.44%

Volatility (1Y)

Calculated over the trailing 1-year period

28.76%

86.84%

-58.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.01%

97.46%

-61.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.90%

97.46%

-56.56%

SKF vs. BITU - Expense Ratio Comparison

Both SKF and BITU have an expense ratio of 0.95%.

Dividends

SKF vs. BITU - Dividend Comparison

SKF's dividend yield for the trailing twelve months is around 4.18%, less than BITU's 78.71% yield.

PositionTTM20252024202320222021202020192018
BITU
Proshares Ultra Bitcoin ETF		78.71%50.23%0.12%0.00%0.00%0.00%0.00%0.00%0.00%
SKF
ProShares UltraShort Financials		4.18%5.61%7.94%3.93%0.03%0.00%0.11%1.29%0.06%

Frequently Asked Questions

SKF and BITU have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BITU has higher volatility (19.53%) compared to SKF (6.00%). In terms of maximum drawdown, SKF dropped -99.96% vs BITU's -77.76%.

On 1-year performance, SKF leads with -0.48% vs -70.45% for BITU. Both ETFs have the same 0.95% expense ratio. On volatility, SKF has been the lower-risk option at 6.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, SKF has performed better with a -0.48% return vs -70.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SKF and BITU have the same expense ratio: 0.95% per year.

BITU has the higher dividend yield at 78.71%, compared with 4.18% for SKF.

SKF is categorized as Leveraged Equities, while BITU is Cryptocurrency. SKF tracks DJ Global United States (All) / Financials -IND (-200%), while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross.

SKF currently has the higher Sharpe Ratio (-0.02 vs -0.81), 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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