VB vs. SBIT

Last updated Aug 2, 2026

VB (Vanguard Small-Cap ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - VB is a Small Cap Blend Equities fund tracking the CRSP US Small Cap Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, VB returned 25.91% vs 98.77% for SBIT. Their -0.43 correlation means they have often moved in opposite directions in the past. VB charges 0.03%/yr vs 0.95%/yr for SBIT.

Performance

VB vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small-Cap ETF (VB) 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, VB achieves a 15.19% return, which is significantly lower than SBIT's 39.44% return.

VB

• 1D: -0.22%
• 1M: -1.73%
• 6M: 10.09%
• YTD: 15.19%
• 1Y: 25.91%
• 3Y*: 14.02%
• 5Y*: 7.45%
• 10Y*: 11.08%
• ALL TIME*: 9.88%

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
VB Vanguard Small-Cap ETF	$121.48M	$119.40M	$165.11M

VB vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VB Vanguard Small-Cap ETF	15.19%	8.87%	7.15%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between VB 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	-0.43

Return for Risk

VB vs. SBIT — Risk / Return Rank

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

VB

VB Risk / Return Rank: 69
VB Sharpe Ratio Rank: 63
VB Sortino Ratio Rank: 65
VB Omega Ratio Rank: 60
VB Calmar Ratio Rank: 76
VB Martin Ratio Rank: 78

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.

VB vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap ETF (VB) 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.

	VB	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.27	+0.19
Sortino ratio: Return per unit of downside risk	2.13	1.95	+0.18
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	2.67	2.35	+0.32
Martin ratio: Return relative to average drawdown	9.73	5.19	+4.55

VB vs. SBIT - Sharpe Ratio Comparison

The current VB Sharpe Ratio is 1.46, which is comparable to the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of VB 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

VB vs. SBIT - Drawdown Comparison

The maximum VB drawdown since its inception was -59.56%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for VB and SBIT.

Drawdown Indicators

	VB	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-59.56%	-91.35%	+31.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-47.94%	+38.96%
Max Drawdown (3Y) Largest decline over 3 years	-25.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.05%	—	—
Current Drawdown Current decline from peak	-2.63%	-77.87%	+75.24%
Average Drawdown Average peak-to-trough decline	-8.39%	-69.07%	+60.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	21.67%	-19.21%

Volatility

VB vs. SBIT - Volatility Comparison

The current volatility for Vanguard Small-Cap ETF (VB) is 3.36%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that VB 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

	VB	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	18.09%	-14.73%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	67.10%	-55.09%
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	88.65%	-72.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	96.10%	-75.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.37%	96.10%	-74.73%

VB vs. SBIT - Expense Ratio Comparison

VB has a 0.03% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

VB vs. SBIT - Dividend Comparison

VB's dividend yield for the trailing twelve months is around 1.22%, less than SBIT's 4.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBIT Proshares Ultrashort Bitcoin ETF	4.03%	0.52%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VB Vanguard Small-Cap ETF	1.22%	1.33%	1.30%	1.55%	1.59%	1.24%	1.14%	1.39%	1.67%	1.35%	1.50%	1.48%

Frequently Asked Questions

Can I hold both VB and SBIT in my portfolio?

VB 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, VB or SBIT?

SBIT has higher volatility (18.09%) compared to VB (3.36%). In terms of maximum drawdown, VB dropped -59.56% vs SBIT's -91.35%.

Which ETF is better, VB or SBIT?

On 1-year performance, SBIT leads with 98.77% vs 25.91% for VB. On fees, VB is cheaper at 0.03% per year. On volatility, VB has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VB or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs 25.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VB or SBIT?

VB is cheaper with a 0.03% expense ratio, compared with 0.95% for SBIT.

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

SBIT has the higher dividend yield at 4.03%, compared with 1.22% for VB.

What is the main difference between VB and SBIT?

VB is categorized as Small Cap Blend Equities, while SBIT is Cryptocurrency. VB tracks CRSP US Small Cap Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.03% for VB and 0.95% for SBIT.

Which has better risk-adjusted returns?

VB currently has the higher Sharpe Ratio (1.46 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.