SPTB vs BITI

Comparison between STATE STREET(R) SPDR(R) PORTFOLIO TREASURY ETF (SPTB, ETF) and ProShares Short Bitcoin ETF (BITI, ETF).

SPTB vs BITI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPTB(ETF)	BITI(ETF)
Net Assets	$187M	$187M
Expense Ratio	0.03%	1.01%
Max Drawdown	6.32%	92.63%
Sharpe Ratio	-0.16	1.15
5Y Beta	-0.01	-1.28

Net Assets

Winner

SPTB

$187M

BITI

$187M

Expense Ratio

Winner

SPTB

0.03%

BITI

1.01%

Max Drawdown

Winner

SPTB

6.32%

BITI

92.63%

Sharpe Ratio

SPTB

-0.16

Winner

BITI

1.15

5Y Beta

SPTB

-0.01

Winner

BITI

-1.28

SPTB vs BITI - Historical Returns

Returns include dividend reinvestment.

Period	SPTB	BITI
1 month	-0.28%	+34.28%
3 months	-1.31%	+16.12%
6 months	-0.14%	+36.65%
1 year	+3.19%	+50.98%
Max(CAGR)	+3.91%	-36.43%

SPTB

-0.28%

Winner

BITI

+34.28%

SPTB

-1.31%

Winner

BITI

+16.12%

SPTB

-0.14%

Winner

BITI

+36.65%

SPTB

+3.19%

Winner

BITI

+50.98%

Max(CAGR)

Winner

SPTB

+3.91%

BITI

-36.43%

SPTB vs BITI - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	SPTB	BITI
2026	-0.27%	+37.61%
2025	+6.10%	+2.65%
2024	+2.17%	-59.89%
2023	N/A	-66.00%
2022	N/A	-0.06%

SPTB vs BITI Drawdown Comparison

The maximum drawdown for SPTB was -4.96%, occurring on Jan 14, 2025. Recovery took 138 trading sessions.

The maximum drawdown for BITI was -92.16%, occurring on Oct 6, 2025. This drawdown has not yet recovered.

The current SPTB drawdown is -2.15%. The current BITI drawdown is -85.36%.

Rank	SPTB	BITI
#1	-4.96% Sep 16, 2024 - Apr 4, 2025	-92.16% Nov 9, 2022 - Oct 6, 2025
#2	-2.90% Feb 27, 2026 - May 19, 2026	-26.60% Jun 30, 2022 - Nov 9, 2022
#3	-2.66% Apr 4, 2025 - Aug 1, 2025	-5.57% Jun 22, 2022 - Jun 30, 2022
#4	-1.33% Jun 14, 2024 - Jul 11, 2024	N/A
#5	-1.20% Aug 5, 2024 - Aug 21, 2024	N/A
#6	-1.01% Oct 22, 2025 - Nov 26, 2025	N/A
#7	-0.98% May 21, 2024 - Jun 3, 2024	N/A
#8	-0.92% Jun 6, 2024 - Jun 13, 2024	N/A
#9	-0.90% Nov 26, 2025 - Feb 10, 2026	N/A
#10	-0.67% Jul 17, 2024 - Jul 30, 2024	N/A
#11	-0.66% Sep 16, 2025 - Oct 10, 2025	N/A
#12	-0.57% Aug 21, 2024 - Sep 4, 2024	N/A
#13	-0.56% Aug 5, 2025 - Aug 27, 2025	N/A
#14	-0.27% Aug 28, 2025 - Sep 3, 2025	N/A
#15	-0.22% Jul 12, 2024 - Jul 16, 2024	N/A

Correlation

Correlation between SPTB and BITI is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.44

-101