SBIT vs IBIT
Comparison between ProShares UltraShort Bitcoin ETF (SBIT, ETF) and iShares Bitcoin Trust (IBIT, ETF).
SBIT vs IBIT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SBIT
$219M
Winner
IBIT
$43B
Expense Ratio
SBIT
N/A
IBIT
0.25%
Max Drawdown
SBIT
91.41%
Winner
IBIT
53.30%
Sharpe Ratio
Winner
SBIT
1.15
IBIT
-1.15
5Y Beta
Winner
SBIT
-2.56
IBIT
1.29
SBIT vs IBIT - Historical Returns
Returns include dividend reinvestment.
1M
SBIT
-8.24%
Winner
IBIT
+3.21%
3M
Winner
SBIT
+16.86%
IBIT
-11.39%
6M
Winner
SBIT
+36.85%
IBIT
-26.30%
1Y
Winner
SBIT
+91.62%
IBIT
-43.21%
Max(CAGR)
SBIT
-44.97%
Winner
IBIT
+14.73%
SBIT vs IBIT - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | SBIT | IBIT |
|---|---|---|
| 2026 | +32.71% | -26.05% |
| 2025 | -17.96% | -10.33% |
| 2024 | -73.12% | +99.21% |
SBIT vs IBIT Drawdown Comparison
The maximum drawdown for SBIT was -91.35%, occurring on Oct 6, 2025. This drawdown has not yet recovered.
The maximum drawdown for IBIT was -53.30%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The current SBIT drawdown is -80.03%. The current IBIT drawdown is -47.16%.
| Rank | SBIT | IBIT |
|---|---|---|
| #1 | -91.35% May 1, 2024 - Oct 6, 2025 | -53.30% Oct 6, 2025 - Jun 30, 2026 |
| #2 | -17.11% Apr 3, 2024 - Apr 15, 2024 | -28.22% Dec 17, 2024 - May 20, 2025 |
| #3 | -16.87% Apr 17, 2024 - Apr 30, 2024 | -27.51% Mar 13, 2024 - Nov 6, 2024 |
| #4 | N/A | -16.18% Jan 11, 2024 - Feb 9, 2024 |
| #5 | N/A | -12.03% Aug 13, 2025 - Oct 6, 2025 |
| #6 | N/A | -8.62% Mar 4, 2024 - Mar 8, 2024 |
| #7 | N/A | -8.48% Nov 22, 2024 - Dec 6, 2024 |
| #8 | N/A | -8.48% May 22, 2025 - Jul 9, 2025 |
| #9 | N/A | -5.81% Jul 14, 2025 - Aug 13, 2025 |
| #10 | N/A | -5.31% Dec 6, 2024 - Dec 13, 2024 |
| #11 | N/A | -2.59% Nov 12, 2024 - Nov 15, 2024 |
| #12 | N/A | -1.99% Feb 20, 2024 - Feb 22, 2024 |
| #13 | N/A | -1.88% Feb 22, 2024 - Feb 26, 2024 |
| #14 | N/A | -1.54% Feb 12, 2024 - Feb 14, 2024 |
| #15 | N/A | -0.95% Mar 11, 2024 - Mar 13, 2024 |
Correlation
Correlation between SBIT and IBIT is -0.70 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.70
-101
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