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SBB vs SVXY

ProShares Short SmallCap600

SBBCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

SBB0.95%SVXY0.95%

Avg volume · 30D

SVXY 994.1×the volume

SBB1.5KSVXY1.49M

10Y return · a year

SVXY +9.6pt

SBB−11.3%SVXY−1.7%

SBB vs SVXY Performance

Oct 29, 2021 – Oct 30, 2026

−19.6%SBB+96.6%SVXY

Oct 29, 2021 to Oct 30, 2026. SBB −19.6%. SVXY +96.6%. Use the arrow keys to read each point.0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
SBB 0.95%
SVXY 0.95%
Fund size
SBB $4M
SVXY $201M
1Y total return
SBB −13.7%
SVXY +21.9%, better
Yield (12M)
SBB 3.33%
SVXY No data
Holdings
SBB 1
SVXY 1
Avg volume (30D)
SBB 1.5K sh
SVXY 1.49M sh, better
NAV per share
SBB $23.40
SVXY $60.55
52W range

ETF.net Grade

SBB: Cost 50, Risk 63, Mission not scored, Tradability 44, Holdings not scored, Durability 45. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for SBB, SVXY, with each pillar’s weight
PillarSBBSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB63A75Higher
Tradability15% weightC44A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC45A76Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SBB and SVXY are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

SVXY ranks 1st and SBB 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 32CRXDProShares UltraShort Health CareScore 40
  5. Rank 32CSBBProShares Short SmallCap600Score 40
  6. Rank 32CSCCProShares UltraShort Consumer DiscretionaryScore 40

Our read on each fund

ETF.net Research

SBBCProShares Short SmallCap600

SVXYBProShares Short VIX Short-Term Futures ETF

In short

SBB Small-cap bearishness with the dial set to one: SBB aims for the inverse (-1x) of the S&P SmallCap 600's daily move. A sibling fund runs that same index at -2x. This is the plain version, and it has been doing the job since January 2007.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

SBB The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the S&P SmallCap 600 Index.

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

Why people hold it

  • SBB Straight -1x, not 2x or 3x: a dollar of inverse exposure per dollar invested, without the amplified daily swings that stacked leverage brings.proshares.com
  • In ProShares' lineup it is the -1x take on the S&P SmallCap 600; sibling SDD runs the same index at -2x (0.95% net of a waiver through September 30, 2027).proshares.com
  • 0.95% net of a waiver through September 30, 2027 (gross 2.52%), which lands near the median fee among the bear funds in its category.
  • Live since January 2007, so the mechanics have run through nearly two decades of market cycles rather than a single recent stretch.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

Worth knowing

  • SBB The -1x objective resets daily. Over longer holds, compounding means results can drift from the index's inverse for that stretch, especially in choppy markets.proshares.com
  • One of the smaller and more thinly traded funds in its category, so bid-ask spreads carry more weight here than headline fee math.
  • That 0.95% rests on a contractual waiver running through September 30, 2027; the gross expense ratio underneath it is 2.52%.
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full SBB profile⁠

Full SVXY profile⁠

SBB vs SVXY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SBB vs SVXY Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SBB 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SBB 0.95%
  • SVXY 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SBB $17,869SVXY $17,869

Year by year

YearSBBSVXY
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%SBB
  • 0.95%SVXY
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

SBB 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

SBB vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SBB 3.33%
SVXY No data
Payout (12M)
SBB $0.78
SVXY None
Last payment
SBB $0.19
SVXY No data
Ex-dividend
SBB Sep 23, 2026
SVXY No data
Paid on
SBB Sep 29, 2026
SVXY No data
Frequency
SBB Quarterly
SVXY No data

Distribution history

Per share, 2017 to 2026, same scale for both

SBBQuarterly · 22 paymentsAll SBB payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.13; Mar 20, 2019 $0.17; Jun 25, 2019 $0.24; Sep 25, 2019 $0.21; Dec 24, 2019 $0.10; Mar 25, 2020 $0.00034; Dec 22, 2022 $0.12; Mar 22, 2023 $0.22; Jun 21, 2023 $0.25; Sep 20, 2023 $0.47; Dec 20, 2023 $0.55; Mar 20, 2024 $0.22; Jun 26, 2024 $0.38; Sep 25, 2024 $0.33; Dec 23, 2024 $0.50; Mar 26, 2025 $0.24; Jun 25, 2025 $0.22; Sep 24, 2025 $0.25; Dec 24, 2025 $0.23; Mar 25, 2026 $0.15; Jun 24, 2026 $0.21; Sep 23, 2026 $0.19. Use the arrow keys to read each point.$0$0.502017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

SBB vs SVXY Risk

Fall from peak · 5 years

  • SBB
  • SVXY
Oct 29, 2021 to Oct 30, 2026. Worst fall: SVXY −46.4% · Apr 2025. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SBB 18.0%, betterSVXY 26.5%
Return per unit of riskSharpe ratio, 3 years
SBB −0.91SVXY 0.42, better
Worst fallMax drawdown, 5 years
SBB −39.4%, betterSVXY −46.4%
Market sensitivityBeta, 5 years
SBB −1.01SVXY 1.32

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