ProShares UltraShort Bitcoin ETF
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$35.70+0.08 (+0.22%)
- 0.95%
- $125M
- +24.0%
- 8.49%
- 960K sh
- low $27.82high $76.52
The ETF.net SBIT Grade
C
Score 52 out of 100
- 17 of 54
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C50 out of 100Rank 1 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.D27 out of 100Rank 8 of 9Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D38 out of 100Rank 36 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A72 out of 100Rank 10 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 18 of 54
Our read on SBIT
In short
CThe original inverse-bitcoin geared ETF: SBIT launched in 2024 targeting -2x the daily move in bitcoin, built from futures and swaps rather than an actual short position, and reset every day.
Stated mandate
The fund targets returns equal to negative two times the daily performance of bitcoin.
Why people hold it
Worth knowing
SBIT Holdings
- Other
- 1
- 100%
- Net Other Assets (Liabilities)
SBIT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
SBIT$12,403
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SBIT |
|---|---|
| Year to date | −14.3% |
| 1 month | +17.6% |
| 3 months | −38.6% |
| 1 year | +24.0% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SBIT |
|---|---|---|
| 2026 YTD | −14.3% | |
| 2025 | −25.1% | |
| 2024 | −73.1% |
SBIT in the news
SBIT Dividends
- 8.49%
- $3.03
- $0.06 per share
- Monthly
SBIT Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 86.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.49
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −91.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −2.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
SBIT Cost
Overpaying vs QQQD, cheapest in Leveraged Inverse (2x & Other)
$7,890
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SBIT 0.95%
$17,869
QQQD 0.50% Cheapest
$9,979
Cost over time
Year by year
| Year | SBIT | QQQD | Overpaying |
|---|---|---|---|
| 10 | $1,678 | $900 | $778 |
| 20 | $6,322 | $3,460 | $2,862 |
| 30 | $17,869 | $9,979 | $7,890 |
Other funds in Leveraged Inverse (2x & Other)
- CSARKTradr 1X Short Innovation Daily ETFExpense ratio 0.99%1 year return −3.4%
- CSETHProShares Short Ether ETFExpense ratio 0.95%1 year return +26.4%
- CSKFProShares UltraShort FinancialsExpense ratio 0.95%1 year return −13.3%
- CSVIX-1x Short VIX Futures ETFExpense ratio 1.47%1 year return +29.6%
- CTWMProShares UltraShort Russell2000Expense ratio 0.95%1 year return −23.8%
