XOVR vs. SBIT

Last updated Aug 2, 2026

XOVR (ERShares Private-Public Crossover ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - XOVR is a Large Cap Growth Equities fund actively managed by ERShares, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). XOVR is actively managed, while SBIT is passively managed. Over the past year, XOVR returned -4.17% vs 98.77% for SBIT. Their -0.45 correlation means they have often moved in opposite directions in the past. XOVR charges 0.75%/yr vs 0.95%/yr for SBIT.

Performance

XOVR vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ERShares Private-Public Crossover ETF (XOVR) 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, XOVR achieves a -7.65% return, which is significantly lower than SBIT's 39.44% return.

XOVR

• 1D: -0.64%
• 1M: -11.43%
• 6M: 0.00%
• YTD: -7.65%
• 1Y: -4.17%
• 3Y*: 13.50%
• 5Y*: 3.14%
• 10Y*: —
• ALL TIME*: 9.35%

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
XOVR ERShares Private-Public Crossover ETF	$31.56M	$37.54M	$108.44M

XOVR vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XOVR ERShares Private-Public Crossover ETF	-7.65%	11.83%	16.19%
SBIT Proshares Ultrashort Bitcoin ETF	39.44%	-25.11%	-73.74%

Correlation

The correlation between XOVR and SBIT is -0.49, 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.	-0.49
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.45

Return for Risk

XOVR vs. SBIT — Risk / Return Rank

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

XOVR

XOVR Risk / Return Rank: 8
XOVR Sharpe Ratio Rank: 8
XOVR Sortino Ratio Rank: 7
XOVR Omega Ratio Rank: 8
XOVR Calmar Ratio Rank: 8
XOVR Martin Ratio Rank: 8

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.

XOVR vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ERShares Private-Public Crossover ETF (XOVR) 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.

	XOVR	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	1.27	-1.50
Sortino ratio: Return per unit of downside risk	-0.16	1.95	-2.11
Omega ratio: Gain probability vs. loss probability	0.98	1.23	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.22	2.35	-2.57
Martin ratio: Return relative to average drawdown	-0.47	5.19	-5.65

XOVR vs. SBIT - Sharpe Ratio Comparison

The current XOVR Sharpe Ratio is -0.23, which is lower than the SBIT Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of XOVR 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

XOVR vs. SBIT - Drawdown Comparison

The maximum XOVR drawdown since its inception was -56.28%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for XOVR and SBIT.

Drawdown Indicators

	XOVR	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-91.35%	+35.07%
Max Drawdown (1Y) Largest decline over 1 year	-24.32%	-47.94%	+23.62%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.35%	—	—
Current Drawdown Current decline from peak	-14.33%	-77.87%	+63.54%
Average Drawdown Average peak-to-trough decline	-18.22%	-69.07%	+50.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.50%	21.67%	-10.17%

Volatility

XOVR vs. SBIT - Volatility Comparison

The current volatility for ERShares Private-Public Crossover ETF (XOVR) is 6.75%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that XOVR 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

	XOVR	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	18.09%	-11.34%
Volatility (6M) Calculated over the trailing 6-month period	18.94%	67.10%	-48.16%
Volatility (1Y) Calculated over the trailing 1-year period	23.40%	88.65%	-65.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.63%	96.10%	-69.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.01%	96.10%	-69.09%

XOVR vs. SBIT - Expense Ratio Comparison

XOVR has a 0.75% expense ratio, which is lower than SBIT's 0.95% expense ratio.

Dividends

XOVR vs. SBIT - Dividend Comparison

XOVR 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	2019	2018	2017
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%
XOVR ERShares Private-Public Crossover ETF	0.00%	0.00%	0.00%	0.00%	0.00%	57.75%	6.31%	0.08%	3.71%	0.08%

Frequently Asked Questions

Can I hold both XOVR and SBIT in my portfolio?

XOVR and SBIT have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOVR or SBIT?

SBIT has higher volatility (18.09%) compared to XOVR (6.75%). In terms of maximum drawdown, XOVR dropped -56.28% vs SBIT's -91.35%.

Which ETF is better, XOVR or SBIT?

On 1-year performance, SBIT leads with 98.77% vs -4.17% for XOVR. On fees, XOVR is cheaper at 0.75% per year. On volatility, XOVR has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOVR or SBIT?

Over the 1-year period, SBIT has performed better with a 98.77% return vs -4.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOVR or SBIT?

XOVR is cheaper with a 0.75% expense ratio, compared with 0.95% for SBIT.

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

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

What is the main difference between XOVR and SBIT?

XOVR is categorized as Large Cap Growth Equities, while SBIT is Cryptocurrency. They also come from different issuers: ERShares and ProShares. Their fees differ too: 0.75% for XOVR and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.27 vs -0.23), 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.