TDOT vs. SBIT

Last updated Jun 5, 2026

TDOT (21Shares Polkadot ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both Cryptocurrency funds - TDOT tracks the DOT/USD Exchange Rate - Benchmark Price Return while SBIT tracks the Bloomberg Bitcoin Index (-200%). Both are passively managed. At a correlation of -0.59, they often move in opposite directions. TDOT charges 0.30%/yr vs 0.95%/yr for SBIT.

Performance

TDOT vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Polkadot ETF (TDOT) and Proshares Ultrashort Bitcoin ETF (SBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDOT

• 1D: -3.46%
• 1M: -16.61%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIT

• 1D: 5.47%
• 1M: 61.07%
• YTD: 44.52%
• 6M: 59.37%
• 1Y: 72.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDOT vs. SBIT - Yearly Performance Comparison

	2026 (YTD)
TDOT 21Shares Polkadot ETF	-28.28%
SBIT Proshares Ultrashort Bitcoin ETF	7.83%

Correlation

The correlation between TDOT and SBIT is -0.59, 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 (All Time) Calculated using the full available price history since Mar 9, 2026	-0.59

Return for Risk

TDOT vs. SBIT — Risk / Return Rank

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

SBIT

SBIT Risk / Return Rank: 28
SBIT Sharpe Ratio Rank: 25
SBIT Sortino Ratio Rank: 30
SBIT Omega Ratio Rank: 29
SBIT Calmar Ratio Rank: 31
SBIT Martin Ratio Rank: 23

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.

TDOT vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Polkadot ETF (TDOT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TDOT	SBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.22	-0.45	-0.77

Drawdowns

TDOT vs. SBIT - Drawdown Comparison

The maximum TDOT drawdown since its inception was -33.87%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for TDOT and SBIT.

Drawdown Indicators

	TDOT	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-33.87%	-91.35%	+57.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.94%	—
Current Drawdown Current decline from peak	-33.87%	-77.07%	+43.20%
Average Drawdown Average peak-to-trough decline	-18.13%	-68.56%	+50.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	24.71%	—

Volatility

Volatility by Period

	TDOT	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.65%	87.25%	-24.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.65%	97.45%	-34.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.65%	97.45%	-34.80%

TDOT vs. SBIT - Expense Ratio Comparison

TDOT has a 0.30% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

TDOT vs. SBIT - Dividend Comparison

TDOT's dividend yield for the trailing twelve months is around 0.71%, less than SBIT's 3.25% yield.

Position	TTM	2025	2024
SBIT Proshares Ultrashort Bitcoin ETF	3.25%	0.52%	1.00%
TDOT 21Shares Polkadot ETF	0.71%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDOT and SBIT in my portfolio?

TDOT and SBIT have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDOT or SBIT?

On fees, TDOT is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDOT or SBIT?

TDOT is cheaper with a 0.30% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 3.25%, compared with 0.71% for TDOT.

What is the main difference between TDOT and SBIT?

TDOT tracks DOT/USD Exchange Rate - Benchmark Price Return, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: 21Shares and ProShares. Their fees differ too: 0.30% for TDOT and 0.95% for SBIT.