TDV vs. SBIT

Last updated Aug 2, 2026

TDV (ProShares S&P Technology Dividend Aristocrats ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - TDV is a Technology Equities fund tracking the S&P Technology Dividend Aristocrats Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, TDV returned 22.50% vs 98.77% for SBIT. Their -0.36 correlation means they have often moved in opposite directions in the past. TDV charges 0.45%/yr vs 0.95%/yr for SBIT.

Performance

TDV vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P Technology Dividend Aristocrats ETF (TDV) 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, TDV achieves a 14.99% return, which is significantly lower than SBIT's 39.44% return.

TDV

• 1D: 0.75%
• 1M: -0.57%
• 6M: 11.45%
• YTD: 14.99%
• 1Y: 22.50%
• 3Y*: 14.78%
• 5Y*: 11.48%
• 10Y*: —
• ALL TIME*: 15.69%

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
TDV ProShares S&P Technology Dividend Aristocrats ETF	$551.98K	$539.76K	$593.04K

TDV vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDV ProShares S&P Technology Dividend Aristocrats ETF	14.99%	16.05%	6.44%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between TDV and SBIT is -0.38, 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.	-0.38
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.36

Return for Risk

TDV vs. SBIT — Risk / Return Rank

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

TDV

TDV Risk / Return Rank: 48
TDV Sharpe Ratio Rank: 44
TDV Sortino Ratio Rank: 41
TDV Omega Ratio Rank: 42
TDV Calmar Ratio Rank: 63
TDV Martin Ratio Rank: 50

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.

TDV vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) 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.

	TDV	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.27	-0.19
Sortino ratio: Return per unit of downside risk	1.54	1.95	-0.41
Omega ratio: Gain probability vs. loss probability	1.19	1.23	-0.04
Calmar ratio: Return relative to maximum drawdown	2.19	2.35	-0.16
Martin ratio: Return relative to average drawdown	5.76	5.19	+0.57

TDV vs. SBIT - Sharpe Ratio Comparison

The current TDV Sharpe Ratio is 1.08, which is comparable to the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of TDV 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

TDV vs. SBIT - Drawdown Comparison

The maximum TDV drawdown since its inception was -32.78%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for TDV and SBIT.

Drawdown Indicators

	TDV	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-91.35%	+58.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-47.94%	+38.39%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	—	—
Current Drawdown Current decline from peak	-6.97%	-77.87%	+70.90%
Average Drawdown Average peak-to-trough decline	-5.37%	-69.07%	+63.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	21.67%	-18.04%

Volatility

TDV vs. SBIT - Volatility Comparison

The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 5.85%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that TDV 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

	TDV	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	18.09%	-12.24%
Volatility (6M) Calculated over the trailing 6-month period	15.38%	67.10%	-51.72%
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	88.65%	-69.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	96.10%	-75.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	96.10%	-72.83%

TDV vs. SBIT - Expense Ratio Comparison

TDV has a 0.45% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

TDV vs. SBIT - Dividend Comparison

TDV's dividend yield for the trailing twelve months is around 1.06%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TDV ProShares S&P Technology Dividend Aristocrats ETF	1.06%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%

Frequently Asked Questions

Can I hold both TDV and SBIT in my portfolio?

TDV and SBIT have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDV or SBIT?

SBIT has higher volatility (18.09%) compared to TDV (5.85%). In terms of maximum drawdown, TDV dropped -32.78% vs SBIT's -91.35%.

Which ETF is better, TDV or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 22.50% for TDV. On fees, TDV is cheaper at 0.45% per year. On volatility, TDV has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDV or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 22.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDV or SBIT?

TDV is cheaper with a 0.45% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.03%, compared with 1.06% for TDV.

What is the main difference between TDV and SBIT?

TDV is categorized as Technology Equities, while SBIT is Cryptocurrency. TDV tracks S&P Technology Dividend Aristocrats Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). Their fees differ too: 0.45% for TDV and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs 1.08), 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.