SBIT vs SPRX
Comparison between ProShares UltraShort Bitcoin ETF (SBIT, ETF) and SPEAR ALPHA ETF (SPRX, ETF).
SBIT vs SPRX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SBIT
$183M
SPRX
$181M
Expense Ratio
SBIT
N/A
SPRX
0.75%
Max Drawdown
SBIT
91.41%
Winner
SPRX
51.34%
Sharpe Ratio
SBIT
1.13
Winner
SPRX
1.55
5Y Beta
Winner
SBIT
-2.54
SPRX
2.08
P/E Ratio
SBIT
N/A
SPRX
405.15
Forward P/E
SBIT
N/A
SPRX
42.20
PEG Ratio
SBIT
N/A
SPRX
-1.15
Debt to Equity
SBIT
N/A
SPRX
-182.11%
P/S Ratio
SBIT
N/A
SPRX
16.69
P/B Ratio
SBIT
N/A
SPRX
13.42
SBIT vs SPRX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SBIT
+77.73%
SPRX
+16.26%
3M
SBIT
+29.56%
Winner
SPRX
+34.55%
6M
Winner
SBIT
+64.63%
SPRX
+27.36%
1Y
SBIT
+80.24%
Winner
SPRX
+91.58%
5Y(CAGR)
SBIT
N/A
SPRX
+21.61%
Max(CAGR)
SBIT
-40.68%
Winner
SPRX
+21.61%
SBIT vs SPRX - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | SBIT | SPRX |
|---|---|---|
| 2026 | +68.40% | +27.50% |
| 2025 | -17.96% | +36.86% |
| 2024 | -73.12% | +26.07% |
| 2023 | N/A | +90.61% |
| 2022 | N/A | -44.77% |
| 2021 | N/A | +8.91% |
SBIT vs SPRX 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 SPRX was -51.22%, occurring on Nov 9, 2022. Recovery took 557 trading sessions.
The current SBIT drawdown is -74.66%. The current SPRX drawdown is -12.47%.
| Rank | SBIT | SPRX |
|---|---|---|
| #1 | -91.35% May 1, 2024 - Oct 6, 2025 | -51.22% Nov 8, 2021 - Jan 29, 2024 |
| #2 | -17.11% Apr 3, 2024 - Apr 15, 2024 | -42.12% Jan 23, 2025 - Jul 9, 2025 |
| #3 | -16.87% Apr 17, 2024 - Apr 30, 2024 | -24.21% Oct 31, 2025 - Apr 17, 2026 |
| #4 | N/A | -23.70% Feb 14, 2024 - Nov 21, 2024 |
| #5 | N/A | -12.47% Jun 2, 2026 - Jun 5, 2026 |
| #6 | N/A | -11.96% Jan 6, 2025 - Jan 22, 2025 |
| #7 | N/A | -10.10% Oct 9, 2025 - Oct 31, 2025 |
| #8 | N/A | -8.56% Sep 3, 2021 - Oct 28, 2021 |
| #9 | N/A | -7.98% Aug 12, 2025 - Sep 9, 2025 |
| #10 | N/A | -7.12% May 14, 2026 - May 21, 2026 |
| #11 | N/A | -6.81% Apr 22, 2026 - May 6, 2026 |
| #12 | N/A | -6.57% Dec 16, 2024 - Dec 26, 2024 |
| #13 | N/A | -5.55% Dec 4, 2024 - Dec 16, 2024 |
| #14 | N/A | -5.54% Dec 26, 2024 - Jan 3, 2025 |
| #15 | N/A | -4.63% Aug 12, 2021 - Aug 24, 2021 |
Correlation
Correlation between SBIT and SPRX is -0.53 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.53
-101
Dividend Comparison (2021 - 2026)
SBIT vs SPRX dividend yield comparison.
| Year | SBIT | SPRX |
|---|---|---|
| 2026 | 2.65% | 0.00% |
| 2025 | 0.52% | 0.00% |
| 2024 | 1.00% | 0.00% |
| 2021 | 0.00% | 0.25% |
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