Proshares Ultrashort Bitcoin ETF (SBIT) Performance
SBIT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −23.1% since Dec 31, 2025
- 1 year
- +10.8% total return
- Since first price
- −84.5% since 2024
SBIT trailing returns vs SPY, QQQ, AGG
| Period | SBIT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.2% | +8.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −41.7% | −42.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −22.4% | −24.2% | +7.8% | +8.4% | −1.5% |
| YTD | −23.1% | −27.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.8% | +4.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 2, 2024 | −84.5% | −85.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SBIT vs SPY
From Apr 2, 2024: SBIT grew to $1,547, SPY to $15,080.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SBIT returns by calendar year
0 of 1 full years positive. Best 2025 (−25.1%), worst 2025 (−25.1%). 2026 is year to date.
SBIT annual returns table
| Year | SBIT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −23.1% | −60.2% | +12.3% | +15.1% | −1.0% |
| 2025 | −25.1% | −67.5% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SBIT largest drawdowns
Now 87.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 1, 2024 | −91.4% | Oct 6, 2025 | not yet | 1.4 years | 2.5 years so far |
| Apr 3, 2024 | −17.1% | Apr 8, 2024 | Apr 15, 2024 | 5 days | 12 days |
| Apr 17, 2024 | −16.9% | Apr 22, 2024 | Apr 30, 2024 | 5 days | 13 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SBIT risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −57.9% |
| Volatility (annualized) | 86.5% |
| Sharpe ratio | -0.58 |
| Sortino ratio | -0.79 |
| Best month | +48.6% |
| Worst month | −54.3% |
| Best 12 months | +111.9% |
| Worst 12 months | −85.0% |
| Positive months | 41% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SBIT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 19 | −85.0% | −10.3% | +111.9% | 32% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
SBIT performance overview
Proshares Ultrashort Bitcoin ETF (SBIT) returned +10.8% over the past year, with distributions reinvested. Since its first recorded price on Apr 2, 2024 it has returned −84.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −91.4%, from May 1, 2024 to Oct 6, 2025; the fund has not yet regained that high. Volatility has been 86.5% a year.
Related: SBIT chart, SBIT dividends. See the SBIT overview for the latest quote and fund facts.
SBIT performance FAQ
What is the SBIT return over the past year?
SBIT returned +10.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.9%.
How much would $10,000 invested in SBIT be worth?
$10,000 invested in SBIT at its first recorded close on April 2, 2024 would be worth about $1,547 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of SBIT?
The largest peak-to-trough decline was −91.4% between May 1, 2024 and October 6, 2025. It has not yet recovered to that high; it is 87.8% below its peak.
How volatile is SBIT?
Over the past history SBIT had an annualized volatility of 86.5% and a Sharpe ratio of -0.58 (excess return over 1–3 month T-bills per unit of risk).