SOLZ vs. SBIT

Last updated Jun 4, 2026

SOLZ (Solana ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds. SOLZ is actively managed, while SBIT is passively managed. Over the past year, SOLZ returned -59.43% vs 68.00% for SBIT. At a correlation of -0.87, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

SOLZ vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana ETF (SOLZ) and Proshares Ultrashort Bitcoin ETF (SBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLZ achieves a -42.90% return, which is significantly lower than SBIT's 37.02% return.

SOLZ

• 1D: -4.69%
• 1M: -15.18%
• YTD: -42.90%
• 6M: -50.08%
• 1Y: -59.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIT

• 1D: 5.42%
• 1M: 46.58%
• YTD: 37.02%
• 6M: 52.37%
• 1Y: 68.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOLZ vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
SOLZ Solana ETF	-42.90%	-12.47%
SBIT Proshares Ultrashort Bitcoin ETF	37.02%	-30.38%

Correlation

The correlation between SOLZ and SBIT is -0.87, 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	-0.87
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	-0.87

The correlation between SOLZ and SBIT has been stable across timeframes, ranging from -0.87 to -0.87 - a consistent structural relationship.

Return for Risk

SOLZ vs. SBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOLZ

SOLZ Risk / Return Rank: 2
SOLZ Sharpe Ratio Rank: 3
SOLZ Sortino Ratio Rank: 2
SOLZ Omega Ratio Rank: 3
SOLZ Calmar Ratio Rank: 2
SOLZ Martin Ratio Rank: 3

SBIT

SBIT Risk / Return Rank: 26
SBIT Sharpe Ratio Rank: 22
SBIT Sortino Ratio Rank: 28
SBIT Omega Ratio Rank: 27
SBIT Calmar Ratio Rank: 29
SBIT Martin Ratio Rank: 22

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.

SOLZ vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana ETF (SOLZ) and Proshares Ultrashort Bitcoin ETF (SBIT). 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.

	SOLZ	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	0.78	-1.59
Sortino ratio: Return per unit of downside risk	-1.18	1.54	-2.72
Omega ratio: Gain probability vs. loss probability	0.87	1.18	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.82	1.43	-2.25
Martin ratio: Return relative to average drawdown	-1.29	2.76	-4.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLZ vs. SBIT - Sharpe Ratio Comparison

The current SOLZ Sharpe Ratio is -0.81, which is lower than the SBIT Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of SOLZ and SBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SOLZ	SBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	0.78	-1.59
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	-0.46	-0.12

Drawdowns

SOLZ vs. SBIT - Drawdown Comparison

The maximum SOLZ drawdown since its inception was -72.41%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for SOLZ and SBIT.

Drawdown Indicators

	SOLZ	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-72.41%	-91.35%	+18.94%
Max Drawdown (1Y) Largest decline over 1 year	-72.41%	-47.94%	-24.47%
Current Drawdown Current decline from peak	-72.41%	-78.26%	+5.85%
Average Drawdown Average peak-to-trough decline	-34.11%	-68.55%	+34.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.03%	24.69%	+21.34%

Volatility

SOLZ vs. SBIT - Volatility Comparison

The current volatility for Solana ETF (SOLZ) is 16.15%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.22%. This indicates that SOLZ experiences smaller price fluctuations and is considered to be less risky than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLZ	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	18.22%	-2.07%
Volatility (6M) Calculated over the trailing 6-month period	50.76%	68.46%	-17.70%
Volatility (1Y) Calculated over the trailing 1-year period	74.02%	87.18%	-13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.07%	97.47%	-21.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.07%	97.47%	-21.40%

SOLZ vs. SBIT - Expense Ratio Comparison

Both SOLZ and SBIT have an expense ratio of 0.95%.

Dividends

SOLZ vs. SBIT - Dividend Comparison

SOLZ's dividend yield for the trailing twelve months is around 3.92%, more than SBIT's 3.42% yield.

Position	TTM	2025	2024
SBIT Proshares Ultrashort Bitcoin ETF	3.42%	0.52%	1.00%
SOLZ Solana ETF	3.92%	1.75%	0.00%

Frequently Asked Questions

Can I hold both SOLZ and SBIT in my portfolio?

SOLZ and SBIT have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOLZ or SBIT?

SBIT has higher volatility (18.22%) compared to SOLZ (16.15%). In terms of maximum drawdown, SOLZ dropped -72.41% vs SBIT's -91.35%.

Which ETF is better, SOLZ or SBIT?

On 1-year performance, SBIT leads with 68.00% vs -59.43% for SOLZ. Both ETFs have the same 0.95% expense ratio. On volatility, SOLZ has been the lower-risk option at 16.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOLZ or SBIT?

Over the 1-year period, SBIT has performed better with a 68.00% return vs -59.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOLZ or SBIT?

SOLZ and SBIT have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, SOLZ or SBIT?

SOLZ has the higher dividend yield at 3.92%, compared with 3.42% for SBIT.

What is the main difference between SOLZ and SBIT?

They also come from different issuers: Volatility Shares and ProShares.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (0.78 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.