TGRW vs. SBIT

Last updated Aug 2, 2026

TGRW (T. Rowe Price Growth Stock ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - TGRW is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). TGRW is actively managed, while SBIT is passively managed. Over the past year, TGRW returned 8.07% vs 98.77% for SBIT. Their -0.40 correlation means they have often moved in opposite directions in the past. TGRW charges 0.52%/yr vs 0.95%/yr for SBIT.

Performance

TGRW vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Growth Stock ETF (TGRW) 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, TGRW achieves a -0.41% return, which is significantly lower than SBIT's 39.44% return.

TGRW

• 1D: 1.18%
• 1M: -2.97%
• 6M: 2.03%
• YTD: -0.41%
• 1Y: 8.07%
• 3Y*: 17.00%
• 5Y*: 6.77%
• 10Y*: —
• ALL TIME*: 10.68%

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
TGRW T. Rowe Price Growth Stock ETF	$159.62K	$239.67K	$596.13K

TGRW vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TGRW T. Rowe Price Growth Stock ETF	-0.41%	15.62%	15.58%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between TGRW and SBIT is -0.45, 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.	-0.45
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.40

Return for Risk

TGRW vs. SBIT — Risk / Return Rank

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

TGRW

TGRW Risk / Return Rank: 17
TGRW Sharpe Ratio Rank: 18
TGRW Sortino Ratio Rank: 17
TGRW Omega Ratio Rank: 17
TGRW Calmar Ratio Rank: 16
TGRW Martin Ratio Rank: 17

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.

TGRW vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Growth Stock ETF (TGRW) 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.

	TGRW	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.27	-0.97
Sortino ratio: Return per unit of downside risk	0.55	1.95	-1.40
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio: Return relative to maximum drawdown	0.29	2.35	-2.06
Martin ratio: Return relative to average drawdown	0.86	5.19	-4.33

TGRW vs. SBIT - Sharpe Ratio Comparison

The current TGRW Sharpe Ratio is 0.30, which is lower than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of TGRW 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

TGRW vs. SBIT - Drawdown Comparison

The maximum TGRW drawdown since its inception was -43.33%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for TGRW and SBIT.

Drawdown Indicators

	TGRW	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-43.33%	-91.35%	+48.02%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	-47.94%	+29.10%
Max Drawdown (3Y) Largest decline over 3 years	-23.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.33%	—	—
Current Drawdown Current decline from peak	-7.58%	-77.87%	+70.29%
Average Drawdown Average peak-to-trough decline	-12.29%	-69.07%	+56.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.43%	21.67%	-15.24%

Volatility

TGRW vs. SBIT - Volatility Comparison

The current volatility for T. Rowe Price Growth Stock ETF (TGRW) is 5.82%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that TGRW 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

	TGRW	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	18.09%	-12.27%
Volatility (6M) Calculated over the trailing 6-month period	14.41%	67.10%	-52.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.24%	88.65%	-70.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	96.10%	-72.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.99%	96.10%	-73.11%

TGRW vs. SBIT - Expense Ratio Comparison

TGRW has a 0.52% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

TGRW vs. SBIT - Dividend Comparison

TGRW has not paid dividends to shareholders, while SBIT's dividend yield for the trailing twelve months is around 4.10%.

Position	TTM	2025	2024	2023	2022	2021	2020
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%	0.00%	0.00%	0.00%	0.00%
TGRW T. Rowe Price Growth Stock ETF	0.00%	0.00%	0.00%	0.01%	0.00%	0.40%	0.21%

Frequently Asked Questions

Can I hold both TGRW and SBIT in my portfolio?

TGRW and SBIT have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGRW or SBIT?

SBIT has higher volatility (18.09%) compared to TGRW (5.82%). In terms of maximum drawdown, TGRW dropped -43.33% vs SBIT's -91.35%.

Which ETF is better, TGRW or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 8.07% for TGRW. On fees, TGRW is cheaper at 0.52% per year. On volatility, TGRW has been the lower-risk option at 5.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGRW or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 8.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGRW or SBIT?

TGRW is cheaper with a 0.52% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.03%, compared with 0.00% for TGRW.

What is the main difference between TGRW and SBIT?

TGRW is categorized as Large Cap Growth Equities, while SBIT is Cryptocurrency. They also come from different issuers: T. Rowe Price and ProShares. Their fees differ too: 0.52% for TGRW and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs 0.30), 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.