{"url":"https://etfiq.com/compare/leverage/btcz-vs-sbit","section":"compare","title":"BTCZ vs SBIT: which held to its multiple? | ETFIQ","description":"BTCZ sets out to return -2 times IBIT each day and SBIT -2 times. Over the three months to Sep 30, 2026 they finished +24.8 pts and +25.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BTCZ or SBIT?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BTCZ finished 24.8 points from what its multiple implies and SBIT finished 25.1 points from its own, so BTCZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BTCZ and SBIT levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on bitcoin, BTCZ at -2 times and SBIT at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BTCZ or SBIT?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BTCZ\u2019s moved at 38% annualized and SBIT\u2019s at 38%, so BTCZ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BTCZ or SBIT for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, BTCZ or SBIT?","acceptedAnswer":{"@type":"Answer","text":"BTCZ charges 0.95% a year and SBIT charges 0.95%, so BTCZ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"BTCZ vs SBIT","item":"https://etfiq.com/compare/leverage/btcz-vs-sbit"}]},{"@type":"WebPage","name":"BTCZ vs SBIT: which held to its multiple?","description":"BTCZ sets out to return -2 times IBIT each day and SBIT -2 times. Over the three months to Sep 30, 2026 they finished +24.8 pts and +25.1 pts away.","url":"https://etfiq.com/compare/leverage/btcz-vs-sbit","dateModified":"2026-09-30","abstract":"Over the days both have traded, BTCZ finished 24.8 points from its stated multiple and SBIT 25.1.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BTCZ and SBIT","description":"BTCZ sets out to return -2 times IBIT each day and SBIT -2 times. Over the three months to Sep 30, 2026 they finished +24.8 pts and +25.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/btcz-vs-sbit","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6594,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BTCZ vs SBIT \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BTCZ vs SBIT: which held to its multiple?\n\n Over the days both have traded, BTCZ finished 24.8 points from its stated multiple and SBIT 25.1.\n Copy this for sharing \n \n T-REX 2X INVERSE BITCOIN DAILY TARGET ETF and ProShares UltraShort Bitcoin ETF.\n\n Download as PDF \n\n \u221253.7% BTCZ returned, 3 months \n \u221253.4% SBIT returned, 3 months \n +24.8 pts BTCZ from its stated multiple \n +25.1 pts SBIT from its stated multiple \n\n ETFIQ Decay Resistance Score: SBIT scores higher\n Did ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/btcz-vs-sbit","a":{"ticker":"BTCZ","name":"T-REX 2X INVERSE BITCOIN DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BTCZ returned \u221253.7% where its own daily promise gave \u221254.2%, 0.5 points over.","url":"https://etfiq.com/funds/btcz","key_facts":[{"label":"What IBIT did","value":"+39.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221254.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221253.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$16m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"b":{"ticker":"SBIT","name":"ProShares UltraShort Bitcoin ETF","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SBIT returned \u221253.4% where its own daily promise gave \u221254.2%, 0.8 points over.","url":"https://etfiq.com/funds/sbit","key_facts":[{"label":"What IBIT did","value":"+39.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221254.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221253.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$128m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/btcz-vs-sbit"}