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bitcoin long etfs
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

bitcoin long etfs

Last updated Jul 25, 2024

long bitcoin etfs

Asset Allocation

IBIT 9.09%FBTC 9.09%BITX 9.09%BRRR 9.09%ARKB 9.09%BITB 9.09%BTCO 9.09%EZBC 9.09%BTCW 9.09%BITO 9.09%GBTC 9.09%CryptocurrencyCryptocurrencyEquityEquity
PositionCategory/SectorWeight
ARKB
ARK 21Shares Bitcoin ETF 		Blockchain

9.09%

BITB
Bitwise Bitcoin ETF		Blockchain

9.09%

BITO
ProShares Bitcoin Strategy ETF		Technology Equities, Actively Managed, Blockchain

9.09%

BITX
Volatility Shares 2x Bitcoin Strategy ETF		Blockchain, Leveraged

9.09%

BRRR
Valkyrie Bitcoin ETF		Blockchain

9.09%

BTCO
Invesco Galaxy Bitcoin ETF		Blockchain

9.09%

BTCW
Wisdom Tree Bitcoin Fund		Blockchain

9.09%

EZBC
Franklin Bitcoin ETF		Blockchain

9.09%

FBTC
Fidelity Wise Origin Bitcoin Trust		Blockchain

9.09%

GBTC
Grayscale Bitcoin Trust (BTC)		Financial Services

9.09%

IBIT
iShares Bitcoin Trust		Blockchain

9.09%

S&P 500

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in bitcoin long etfs, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly

-20.00%0.00%20.00%40.00%60.00%FebruaryMarchAprilMayJuneJuly
39.13%
12.95%
bitcoin long etfs
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Jan 11, 2024, corresponding to the inception date of IBIT

Returns By Period

Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500		13.20%-1.28%10.32%18.23%12.31%10.58%
bitcoin long etfsN/A6.19%55.50%N/AN/AN/A
Portfolio components:
BITO
ProShares Bitcoin Strategy ETF		46.44%5.47%47.81%101.87%N/AN/A
GBTC
Grayscale Bitcoin Trust (BTC)		65.68%5.97%52.92%197.82%35.75%N/A
IBIT
iShares Bitcoin Trust		N/A6.11%53.52%N/AN/AN/A
FBTC
Fidelity Wise Origin Bitcoin Trust		N/A6.04%53.85%N/AN/AN/A
BITX
Volatility Shares 2x Bitcoin Strategy ETF		64.05%8.19%72.94%174.15%N/AN/A
BRRR
Valkyrie Bitcoin ETF		N/A6.02%53.69%N/AN/AN/A
ARKB
ARK 21Shares Bitcoin ETF 		N/A6.09%53.78%N/AN/AN/A
BITB
Bitwise Bitcoin ETF		N/A6.08%53.86%N/AN/AN/A
BTCO
Invesco Galaxy Bitcoin ETF		N/A6.10%54.05%N/AN/AN/A
EZBC
Franklin Bitcoin ETF		N/A6.02%54.00%N/AN/AN/A
BTCW
Wisdom Tree Bitcoin Fund		N/A6.17%53.72%N/AN/AN/A

Monthly Returns

The table below presents the monthly returns of bitcoin long etfs, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-9.34%50.22%14.89%-18.59%15.31%-12.48%39.13%

Expense Ratio

bitcoin long etfs features an expense ratio of 0.44%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

BITO
ProShares Bitcoin Strategy ETF
Expense ratio chart for BITO: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
BITX
Volatility Shares 2x Bitcoin Strategy ETF
Expense ratio chart for BITX: current value at 1.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.85%
BTCO
Invesco Galaxy Bitcoin ETF
Expense ratio chart for BTCO: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%
BTCW
Wisdom Tree Bitcoin Fund
Expense ratio chart for BTCW: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%
IBIT
iShares Bitcoin Trust
Expense ratio chart for IBIT: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
FBTC
Fidelity Wise Origin Bitcoin Trust
Expense ratio chart for FBTC: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
BRRR
Valkyrie Bitcoin ETF
Expense ratio chart for BRRR: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
ARKB
ARK 21Shares Bitcoin ETF
Expense ratio chart for ARKB: current value at 0.21% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.21%
BITB
Bitwise Bitcoin ETF
Expense ratio chart for BITB: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
EZBC
Franklin Bitcoin ETF
Expense ratio chart for EZBC: current value at 0.19% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.19%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

bitcoin long etfs
Sharpe ratio
No data
Sortino ratio
No data
Omega ratio
No data
Calmar ratio
No data
Martin ratio
No data
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.58, compared to the broader market-1.000.001.002.003.004.001.58
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.22, compared to the broader market-2.000.002.004.006.002.22
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.28, compared to the broader market0.801.001.201.401.601.801.28
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.29, compared to the broader market0.002.004.006.008.001.29
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 5.98, compared to the broader market0.0010.0020.0030.0040.005.98
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
BITO
ProShares Bitcoin Strategy ETF		2.002.651.311.589.96
GBTC
Grayscale Bitcoin Trust (BTC)		3.583.871.452.8522.48
IBIT
iShares Bitcoin Trust		—————
FBTC
Fidelity Wise Origin Bitcoin Trust		—————
BITX
Volatility Shares 2x Bitcoin Strategy ETF		1.732.441.293.467.79
BRRR
Valkyrie Bitcoin ETF		—————
ARKB
ARK 21Shares Bitcoin ETF 		—————
BITB
Bitwise Bitcoin ETF		—————
BTCO
Invesco Galaxy Bitcoin ETF		—————
EZBC
Franklin Bitcoin ETF		—————
BTCW
Wisdom Tree Bitcoin Fund		—————

Sharpe Ratio

There is not enough data available to calculate the Sharpe ratio for bitcoin long etfs. We calculate this metric based on the past 12 months of trading data. Please check back later for updated information.

Chart placeholderNot enough data

Dividends

Dividend yield

bitcoin long etfs granted a 3.90% dividend yield in the last twelve months.

TTM2023202220212020201920182017
bitcoin long etfs3.90%1.38%0.00%0.00%0.00%0.00%0.00%0.02%
Portfolio components:
BITO
ProShares Bitcoin Strategy ETF		35.71%15.14%0.00%0.00%0.00%0.00%0.00%0.00%
GBTC
Grayscale Bitcoin Trust (BTC)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%
IBIT
iShares Bitcoin Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FBTC
Fidelity Wise Origin Bitcoin Trust		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BITX
Volatility Shares 2x Bitcoin Strategy ETF		7.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BRRR
Valkyrie Bitcoin ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ARKB
ARK 21Shares Bitcoin ETF 		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BITB
Bitwise Bitcoin ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BTCO
Invesco Galaxy Bitcoin ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EZBC
Franklin Bitcoin ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BTCW
Wisdom Tree Bitcoin Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

-25.00%-20.00%-15.00%-10.00%-5.00%0.00%FebruaryMarchAprilMayJuneJuly
-15.14%
-4.73%
bitcoin long etfs
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the bitcoin long etfs. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the bitcoin long etfs was 26.59%, occurring on Jul 8, 2024. The portfolio has not yet recovered.

The current bitcoin long etfs drawdown is 13.67%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-26.59%Mar 14, 202479Jul 8, 2024———
-16.99%Jan 12, 20247Jan 23, 202413Feb 9, 202420
-9.57%Mar 5, 20241Mar 5, 20243Mar 8, 20244
-2.24%Feb 21, 20241Feb 21, 20243Feb 26, 20244
-1.7%Feb 13, 20241Feb 13, 20241Feb 14, 20242

Volatility

Volatility Chart

The current bitcoin long etfs volatility is 17.80%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

0.00%5.00%10.00%15.00%20.00%25.00%MarchAprilMayJuneJuly
17.80%
3.80%
bitcoin long etfs
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
BITXBITOEZBCBTCWFBTCBRRRGBTCBTCOIBITARKBBITB
BITX1.001.001.001.001.001.001.001.001.001.001.00
BITO1.001.001.001.001.001.001.001.001.001.001.00
EZBC1.001.001.001.001.001.001.001.001.001.001.00
BTCW1.001.001.001.001.001.001.001.001.001.001.00
FBTC1.001.001.001.001.001.001.001.001.001.001.00
BRRR1.001.001.001.001.001.001.001.001.001.001.00
GBTC1.001.001.001.001.001.001.001.001.001.001.00
BTCO1.001.001.001.001.001.001.001.001.001.001.00
IBIT1.001.001.001.001.001.001.001.001.001.001.00
ARKB1.001.001.001.001.001.001.001.001.001.001.00
BITB1.001.001.001.001.001.001.001.001.001.001.00
The correlation results are calculated based on daily price changes starting from Jan 12, 2024