SOXY vs. SBIT

Last updated Aug 2, 2026

SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - SOXY is a Derivative Income fund actively managed by YieldMax, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). SOXY is actively managed, while SBIT is passively managed. Over the past year, SOXY returned 93.60% vs 98.77% for SBIT. Their -0.40 correlation means they have often moved in opposite directions in the past. SOXY charges 1.06%/yr vs 0.95%/yr for SBIT.

Performance

SOXY vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) 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, SOXY achieves a 58.34% return, which is significantly higher than SBIT's 39.44% return.

SOXY

• 1D: 0.60%
• 1M: -12.01%
• 6M: 42.45%
• YTD: 58.34%
• 1Y: 93.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 58.65%

SBIT

• 1D: 5.60%
• 1M: -6.04%
• 6M: 32.41%
• YTD: 39.44%
• 1Y: 98.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -42.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SBIT Proshares Ultrashort Bitcoin ETF	$29.57M	$32.71M	$46.48M
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	$2.13M	$2.44M	$2.09M

SOXY vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	58.34%	37.00%	-0.99%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-0.16%

Correlation

The correlation between SOXY and SBIT is -0.41, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.41
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	-0.40

Return for Risk

SOXY vs. SBIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SOXY

SOXY Risk / Return Rank: 87
SOXY Sharpe Ratio Rank: 91
SOXY Sortino Ratio Rank: 83
SOXY Omega Ratio Rank: 85
SOXY Calmar Ratio Rank: 85
SOXY Martin Ratio Rank: 90

SBIT

SBIT Risk / Return Rank: 55
SBIT Sharpe Ratio Rank: 52
SBIT Sortino Ratio Rank: 56
SBIT Omega Ratio Rank: 52
SBIT Calmar Ratio Rank: 68
SBIT Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SOXY vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) 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.

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.

	SOXY	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.27	+1.03
Sortino ratio: Return per unit of downside risk	2.73	1.95	+0.78
Omega ratio: Gain probability vs. loss probability	1.37	1.23	+0.13
Calmar ratio: Return relative to maximum drawdown	3.21	2.35	+0.86
Martin ratio: Return relative to average drawdown	14.50	5.19	+9.31

SOXY vs. SBIT - Sharpe Ratio Comparison

The current SOXY Sharpe Ratio is 2.30, which is higher than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of SOXY 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.

Drawdowns

SOXY vs. SBIT - Drawdown Comparison

The maximum SOXY drawdown since its inception was -30.22%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for SOXY and SBIT.

Drawdown Indicators

	SOXY	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-30.22%	-91.35%	+61.13%
Max Drawdown (1Y) Largest decline over 1 year	-28.56%	-47.94%	+19.38%
Current Drawdown Current decline from peak	-21.71%	-77.87%	+56.16%
Average Drawdown Average peak-to-trough decline	-5.49%	-69.07%	+63.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.31%	21.67%	-15.36%

Volatility

SOXY vs. SBIT - Volatility Comparison

YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Proshares Ultrashort Bitcoin ETF (SBIT) have volatilities of 18.62% and 18.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXY	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.62%	18.09%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	35.73%	67.10%	-31.37%
Volatility (1Y) Calculated over the trailing 1-year period	39.94%	88.65%	-48.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.31%	96.10%	-56.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.31%	96.10%	-56.79%

SOXY vs. SBIT - Expense Ratio Comparison

SOXY has a 1.06% expense ratio, which is higher than SBIT's 0.95% expense ratio.

Dividends

SOXY vs. SBIT - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 9.41%, more than SBIT's 4.10% yield.

Position	TTM	2025	2024
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%
SOXY YieldMax Target 12™ Semiconductor Option Income ETF	9.41%	11.47%	0.00%

Frequently Asked Questions

Can I hold both SOXY and SBIT in my portfolio?

SOXY and SBIT have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXY or SBIT?

SOXY has higher volatility (18.62%) compared to SBIT (18.09%). In terms of maximum drawdown, SOXY dropped -30.22% vs SBIT's -91.35%.

Which ETF is better, SOXY or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 93.60% for SOXY. On fees, SBIT is cheaper at 0.95% per year. On volatility, SBIT has been the lower-risk option at 18.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXY or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 93.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXY or SBIT?

SBIT is cheaper with a 0.95% expense ratio, compared with 1.06% for SOXY.

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

SOXY has the higher dividend yield at 9.41%, compared with 4.03% for SBIT.

What is the main difference between SOXY and SBIT?

SOXY is categorized as Derivative Income, while SBIT is Cryptocurrency. They also come from different issuers: YieldMax and ProShares. Their fees differ too: 1.06% for SOXY and 0.95% for SBIT.

Which has better risk-adjusted returns?

SOXY currently has the higher Sharpe Ratio (2.30 vs 1.27), 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.