SBIT vs SPY
ProShares UltraShort Bitcoin ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SBIT or SPY?
Trading-Inverse Commodities against Large Cap Blend.
SPY has a lower expense ratio. SBIT led over 1Y, SPY over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SBIT | SPY |
|---|---|---|
| Expense Ratio | 0.97% | 0.09%Best |
| AUM | $158M | $804.7B |
| Dividend Yield | 8.10% | 0.98% |
| Holdings | 6 | 505 |
| YTD Return | -6.02% | +12.22%Best |
| 1Y Return | +36.40%Best | +16.97% |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 86.3% | 11.8%Best |
| Max Drawdown | -91.3% | -18.8%Best |
| $10,000 over 2.5 years | $1,741 | $15,199Best |
| Fund Family | ProShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Inverse Commodities | Large Cap Blend |
| Inception | Apr 2, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 2, 2024 to Sep 17, 2026 (2.5 years).
SBIT vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
SBIT vs SPY Performance
ProShares UltraShort Bitcoin ETF (SBIT) is an ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SBIT returned +36.40% while SPY returned +16.97%. Year to date, SBIT is down 6.02% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SBIT has been the more volatile fund, with annualized monthly volatility of 86.3% compared with 11.8% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -91.3% for SBIT and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SBIT charges 0.97% per year while SPY charges 0.09%. On a $10,000 position that is $97 vs $9 annually, a gap of $88 per year that compounds over a long holding period. On income, SBIT currently yields 8.10% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of SBIT and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SBIT or SPY?
SBIT has an expense ratio of 0.97% while SPY charges 0.09%. SPY is the cheaper option, by $88 a year on a $10,000 investment.
Which performed better, SBIT or SPY?
Over the past year SBIT returned +36.40% vs +16.97% for SPY, so SBIT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SBIT or SPY?
SBIT has been the more volatile fund at 86.3% annualized versus 11.8% for SPY. Worst drawdown: SBIT -91.3% vs SPY -18.8%.
Should I hold both SBIT and SPY?
SBIT and SPY have a monthly-return correlation of -0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SBIT or SPY?
SBIT yields 8.10% while SPY yields 0.98%, so SBIT currently pays the higher dividend yield.
Is SPY better than SBIT?
SPY has a lower expense ratio. SBIT led over 1Y, SPY over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.