XCCC vs. SBIT
XCCC (BondBloxx CCC Rated USD High Yield Corporate Bond ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - XCCC is a High Yield Bonds fund tracking the ICE BofA CCC and Lower US High Yield Constrained Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, XCCC returned 2.61% vs 98.77% for SBIT. Their -0.36 correlation means they have often moved in opposite directions in the past. XCCC charges 0.40%/yr vs 0.95%/yr for SBIT.
Performance
XCCC vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, XCCC achieves a -0.64% return, which is significantly lower than SBIT's 39.44% return.
XCCC
- 1D
- 0.01%
- 1M
- -0.95%
- 6M
- -0.60%
- YTD
- -0.64%
- 1Y
- 2.61%
- 3Y*
- 9.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.05%
SBIT
- 1D
- 5.60%
- 1M
- -6.04%
- 6M
- 32.41%
- YTD
- 39.44%
- 1Y
- 98.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.57M | $32.71M | $46.48M | |
| $9.10M | $5.53M | $9.85M |
XCCC vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | -0.64% | 7.25% | 10.48% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between XCCC and SBIT is -0.44, 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. | -0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.36 |
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Return for Risk
XCCC vs. SBIT — Risk / Return Rank
XCCC
SBIT
XCCC vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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.
| XCCC | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.23 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.35 | -1.92 |
| Martin ratioReturn relative to average drawdown | 1.36 | 5.19 | -3.83 |
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Drawdowns
XCCC vs. SBIT - Drawdown Comparison
The maximum XCCC drawdown since its inception was -10.99%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for XCCC and SBIT.
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Drawdown Indicators
| XCCC | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.99% | -91.35% | +80.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -47.94% | +42.83% |
Max Drawdown (3Y)Largest decline over 3 years | -10.99% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | -77.87% | +76.23% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -69.07% | +67.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 21.67% | -20.08% |
Volatility
XCCC vs. SBIT - Volatility Comparison
The current volatility for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) is 1.20%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that XCCC 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.
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Volatility by Period
| XCCC | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 18.09% | -16.89% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 67.10% | -62.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 88.65% | -83.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 96.10% | -87.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 96.10% | -87.41% |
XCCC vs. SBIT - Expense Ratio Comparison
XCCC has a 0.40% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
XCCC vs. SBIT - Dividend Comparison
XCCC's dividend yield for the trailing twelve months is around 10.14%, more than SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 0.52% | 1.00% | 0.00% | 0.00% |
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 9.17% | 10.06% | 10.68% | 12.05% | 7.63% |
Frequently Asked Questions
XCCC and SBIT have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (18.09%) compared to XCCC (1.20%). In terms of maximum drawdown, XCCC dropped -10.99% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 2.61% for XCCC. On fees, XCCC is cheaper at 0.40% per year. On volatility, XCCC has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBIT has performed better with a 98.77% return vs 2.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XCCC is cheaper with a 0.40% expense ratio, compared with 0.95% for SBIT.
XCCC has the higher dividend yield at 9.17%, compared with 4.03% for SBIT.
XCCC is categorized as High Yield Bonds, while SBIT is Cryptocurrency. XCCC tracks ICE BofA CCC and Lower US High Yield Constrained Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: BondBloxx and ProShares. Their fees differ too: 0.40% for XCCC and 0.95% for SBIT.
SBIT currently has the higher Sharpe Ratio (1.27 vs 0.41), 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.
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