BRRR vs SDS

Comparison between Valkyrie Bitcoin Fund (BRRR, ETF) and ProShares UltraShort S&P500 -2x Shares (SDS, ETF).

BRRR vs SDS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BRRR(ETF)	SDS(ETF)
Net Assets	$436M	$433M
Max Drawdown	52.09%	99.89%
Sharpe Ratio	-1.06	-1.53
5Y Beta	1.27	-1.92
5Y Dividends CAGR	N/A	9.31%

Net Assets

Winner

BRRR

$436M

SDS

$433M

Max Drawdown

Winner

BRRR

52.09%

SDS

99.89%

Sharpe Ratio

Winner

BRRR

-1.06

SDS

-1.53

5Y Beta

BRRR

1.27

Winner

SDS

-1.92

5Y Dividends CAGR

BRRR

N/A

SDS

9.31%

BRRR vs SDS - Historical Returns

Returns include dividend reinvestment.

Period	BRRR	SDS
1 month	-16.39%	-0.48%
3 months	-13.93%	-17.94%
6 months	-25.32%	-16.98%
1 year	-38.84%	-32.25%
5 years(CAGR)	N/A	-21.51%
10 years(CAGR)	N/A	-27.65%
Max(CAGR)	+13.57%	-25.09%

BRRR

-16.39%

Winner

SDS

-0.48%

Winner

BRRR

-13.93%

SDS

-17.94%

BRRR

-25.32%

Winner

SDS

-16.98%

BRRR

-38.84%

Winner

SDS

-32.25%

5Y(CAGR)

BRRR

N/A

SDS

-21.51%

10Y(CAGR)

BRRR

N/A

SDS

-27.65%

Max(CAGR)

Winner

BRRR

+13.57%

SDS

-25.09%

BRRR vs SDS - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	BRRR	SDS
2026	-28.59%	-13.91%
2025	-10.24%	-27.18%
2024	+99.02%	-30.24%
2023	N/A	-32.17%
2022	N/A	+32.17%
2021	N/A	-44.54%
2020	N/A	-48.99%
2019	N/A	-41.12%
2018	N/A	+7.54%
2017	N/A	-30.97%
2016	N/A	-26.29%
2015	N/A	-9.61%
2014	N/A	-27.06%
2013	N/A	-42.30%
2012	N/A	-27.66%
2011	N/A	-17.21%
2010	N/A	-29.93%
2009	N/A	-47.35%
2008	N/A	+57.43%
2007	N/A	-4.12%
2006	N/A	-19.87%

BRRR vs SDS Drawdown Comparison

The maximum drawdown for BRRR was -52.09%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for SDS was -99.85%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current BRRR drawdown is -48.93%. The current SDS drawdown is -99.84%.

Rank	BRRR	SDS
#1	-52.09% Oct 6, 2025 - Jun 5, 2026	-99.85% Mar 9, 2009 - Jun 2, 2026
#2	-28.13% Dec 17, 2024 - May 20, 2025	-41.04% Nov 20, 2008 - Mar 5, 2009
#3	-27.37% Mar 13, 2024 - Nov 6, 2024	-33.06% Jul 17, 2006 - Jul 11, 2008
#4	-16.33% Jan 11, 2024 - Feb 9, 2024	-31.02% Oct 27, 2008 - Nov 20, 2008
#5	-11.95% Aug 13, 2025 - Oct 6, 2025	-22.44% Oct 10, 2008 - Oct 27, 2008
#6	-8.58% Mar 4, 2024 - Mar 8, 2024	-14.92% Jul 15, 2008 - Sep 17, 2008
#7	-8.48% May 22, 2025 - Jul 9, 2025	-13.57% Sep 17, 2008 - Sep 29, 2008
#8	-8.37% Nov 22, 2024 - Dec 6, 2024	-8.50% Sep 29, 2008 - Oct 3, 2008
#9	-5.75% Jul 14, 2025 - Aug 13, 2025	-0.43% Mar 5, 2009 - Mar 9, 2009
#10	-5.32% Dec 6, 2024 - Dec 13, 2024	N/A
#11	-2.44% Nov 13, 2024 - Nov 15, 2024	N/A
#12	-2.03% Feb 20, 2024 - Feb 26, 2024	N/A
#13	-1.61% Feb 12, 2024 - Feb 14, 2024	N/A
#14	-0.98% Mar 11, 2024 - Mar 13, 2024	N/A

Correlation

Correlation between BRRR and SDS is -0.47 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.47

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