XSD vs. SBIT
XSD (SPDR S&P Semiconductor ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - XSD is a Semiconductors fund tracking the S&P Semiconductor Select Industry Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, XSD returned 86.66% vs 98.77% for SBIT. Their -0.40 correlation means they have often moved in opposite directions in the past. XSD charges 0.35%/yr vs 0.95%/yr for SBIT.
Performance
XSD vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, XSD achieves a 51.72% return, which is significantly higher than SBIT's 39.44% return.
XSD
- 1D
- 0.92%
- 1M
- -12.31%
- 6M
- 40.73%
- YTD
- 51.72%
- 1Y
- 86.66%
- 3Y*
- 29.34%
- 5Y*
- 20.96%
- 10Y*
- 26.46%
- ALL TIME*
- 15.93%
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 | |
| $35.96M | $51.40M | $77.64M |
XSD vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XSD SPDR S&P Semiconductor ETF | 51.72% | 29.85% | 6.42% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between XSD 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 |
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Return for Risk
XSD vs. SBIT — Risk / Return Rank
XSD
SBIT
XSD vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) 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.
| XSD | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.35 | +0.40 |
| Martin ratioReturn relative to average drawdown | 10.21 | 5.19 | +5.02 |
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Drawdowns
XSD vs. SBIT - Drawdown Comparison
The maximum XSD drawdown since its inception was -64.56%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for XSD and SBIT.
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Drawdown Indicators
| XSD | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.56% | -91.35% | +26.79% |
Max Drawdown (1Y)Largest decline over 1 year | -30.81% | -47.94% | +17.13% |
Max Drawdown (3Y)Largest decline over 3 years | -41.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.27% | — | — |
Current DrawdownCurrent decline from peak | -24.95% | -77.87% | +52.92% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -69.07% | +55.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.27% | 21.67% | -13.40% |
Volatility
XSD vs. SBIT - Volatility Comparison
SPDR S&P Semiconductor ETF (XSD) and Proshares Ultrashort Bitcoin ETF (SBIT) have volatilities of 18.43% and 18.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSD | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.43% | 18.09% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 38.72% | 67.10% | -28.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.32% | 88.65% | -43.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.07% | 96.10% | -56.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.91% | 96.10% | -60.19% |
XSD vs. SBIT - Expense Ratio Comparison
XSD has a 0.35% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
XSD vs. SBIT - Dividend Comparison
XSD's dividend yield for the trailing twelve months is around 0.16%, 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% |
XSD SPDR S&P Semiconductor ETF | 0.16% | 0.26% | 0.20% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% |
Frequently Asked Questions
XSD 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.
XSD has higher volatility (18.43%) compared to SBIT (18.09%). In terms of maximum drawdown, XSD dropped -64.56% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 86.66% for XSD. On fees, XSD is cheaper at 0.35% per year. On volatility, SBIT has been the lower-risk option at 18.09%. 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 86.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSD is cheaper with a 0.35% expense ratio, compared with 0.95% for SBIT.
SBIT has the higher dividend yield at 4.03%, compared with 0.16% for XSD.
XSD is categorized as Semiconductors, while SBIT is Cryptocurrency. XSD tracks S&P Semiconductor Select Industry Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: State Street and ProShares. Their fees differ too: 0.35% for XSD and 0.95% for SBIT.
XSD currently has the higher Sharpe Ratio (1.87 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.
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