XXRP vs. SBIT

Last updated Jun 26, 2026

XXRP (Teucrium 2x Long Daily XRP ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - XXRP is a Leveraged Cryptocurrency fund actively managed by Teucrium, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). XXRP is actively managed, while SBIT is passively managed. Over the past year, XXRP returned -91.99% vs 106.87% for SBIT. At a correlation of -0.82, they often move in opposite directions. XXRP charges 1.89%/yr vs 0.95%/yr for SBIT.

Performance

XXRP vs. SBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Long Daily XRP ETF (XXRP) 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, XXRP achieves a -78.87% return, which is significantly lower than SBIT's 61.33% return.

XXRP

• 1D: -5.63%
• 1M: -43.38%
• YTD: -78.87%
• 6M: -79.41%
• 1Y: -91.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBIT

• 1D: 2.31%
• 1M: 56.16%
• YTD: 61.33%
• 6M: 60.82%
• 1Y: 106.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XXRP vs. SBIT - Yearly Performance Comparison

	2026 (YTD)	2025
XXRP Teucrium 2x Long Daily XRP ETF	-78.87%	-62.48%
SBIT Proshares Ultrashort Bitcoin ETF	61.33%	-37.70%

Correlation

The correlation between XXRP and SBIT is -0.84, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.84
Correlation (All Time) Calculated using the full available price history since Apr 8, 2025	-0.82

The correlation between XXRP and SBIT has been stable across timeframes, ranging from -0.84 to -0.82 - a consistent structural relationship.

Return for Risk

XXRP vs. SBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XXRP

XXRP Risk / Return Rank: 3
XXRP Sharpe Ratio Rank: 4
XXRP Sortino Ratio Rank: 2
XXRP Omega Ratio Rank: 3
XXRP Calmar Ratio Rank: 1
XXRP Martin Ratio Rank: 4

SBIT

SBIT Risk / Return Rank: 41
SBIT Sharpe Ratio Rank: 38
SBIT Sortino Ratio Rank: 41
SBIT Omega Ratio Rank: 39
SBIT Calmar Ratio Rank: 52
SBIT Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XXRP vs. SBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Long Daily XRP ETF (XXRP) 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.

	XXRP	SBIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	1.21	-1.83
Sortino ratio: Return per unit of downside risk	-1.36	1.90	-3.25
Omega ratio: Gain probability vs. loss probability	0.85	1.23	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.95	2.24	-3.19
Martin ratio: Return relative to average drawdown	-1.23	4.68	-5.90

XXRP vs. SBIT - Sharpe Ratio Comparison

The current XXRP Sharpe Ratio is -0.61, which is lower than the SBIT Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of XXRP 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

XXRP vs. SBIT - Drawdown Comparison

The maximum XXRP drawdown since its inception was -96.66%, which is greater than SBIT's maximum drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for XXRP and SBIT.

Drawdown Indicators

	XXRP	SBIT	Difference
Max Drawdown Largest peak-to-trough decline	-96.66%	-91.35%	-5.31%
Max Drawdown (1Y) Largest decline over 1 year	-96.66%	-47.94%	-48.72%
Current Drawdown Current decline from peak	-96.66%	-74.40%	-22.26%
Average Drawdown Average peak-to-trough decline	-61.25%	-68.68%	+7.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.84%	22.94%	+51.90%

Volatility

XXRP vs. SBIT - Volatility Comparison

Teucrium 2x Long Daily XRP ETF (XXRP) has a higher volatility of 39.05% compared to Proshares Ultrashort Bitcoin ETF (SBIT) at 26.52%. This indicates that XXRP's price experiences larger fluctuations and is considered to be riskier than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XXRP	SBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.05%	26.52%	+12.53%
Volatility (6M) Calculated over the trailing 6-month period	108.48%	68.63%	+39.85%
Volatility (1Y) Calculated over the trailing 1-year period	150.79%	88.57%	+62.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	147.04%	97.38%	+49.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	147.04%	97.38%	+49.66%

XXRP vs. SBIT - Expense Ratio Comparison

XXRP has a 1.89% expense ratio, which is higher than SBIT's 0.95% expense ratio.

Dividends

XXRP vs. SBIT - Dividend Comparison

XXRP's dividend yield for the trailing twelve months is around 30.92%, more than SBIT's 2.91% yield.

Position	TTM	2025	2024
SBIT Proshares Ultrashort Bitcoin ETF	2.91%	0.52%	1.00%
XXRP Teucrium 2x Long Daily XRP ETF	30.92%	6.40%	0.00%

Frequently Asked Questions

Can I hold both XXRP and SBIT in my portfolio?

XXRP and SBIT have a correlation of -0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XXRP or SBIT?

XXRP has higher volatility (39.05%) compared to SBIT (26.52%). In terms of maximum drawdown, XXRP dropped -96.66% vs SBIT's -91.35%.

Which ETF is better, XXRP or SBIT?

On 1-year performance, SBIT leads with 106.87% vs -91.99% for XXRP. On fees, SBIT is cheaper at 0.95% per year. On volatility, SBIT has been the lower-risk option at 26.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XXRP or SBIT?

Over the 1-year period, SBIT has performed better with a 106.87% return vs -91.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XXRP or SBIT?

SBIT is cheaper with a 0.95% expense ratio, compared with 1.89% for XXRP.

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

XXRP has the higher dividend yield at 30.92%, compared with 2.91% for SBIT.

What is the main difference between XXRP and SBIT?

XXRP is categorized as Leveraged Cryptocurrency, while SBIT is Cryptocurrency. They also come from different issuers: Teucrium and ProShares. Their fees differ too: 1.89% for XXRP and 0.95% for SBIT.

Which has better risk-adjusted returns?

SBIT currently has the higher Sharpe Ratio (1.21 vs -0.61), 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.