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Bitwise Bitcoin Strategy Optimum Roll ETF (BITC)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US0917482020

Issuer

Bitwise

Inception Date

Mar 20, 2023

Region

Global (Broad)

Category

Blockchain

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Cryptocurrency

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
BITC vs. BITO BITC vs. IBIT BITC vs. BITS BITC vs. MAXI BITC vs. BTC-USD BITC vs. UPRO BITC vs. HODL BITC vs. BITB BITC vs. NVDA BITC vs. NVDY
Popular comparisons:
BITC vs. BITO BITC vs. IBIT BITC vs. BITS BITC vs. MAXI BITC vs. BTC-USD BITC vs. UPRO BITC vs. HODL BITC vs. BITB BITC vs. NVDA BITC vs. NVDY

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Bitwise Bitcoin Strategy Optimum Roll ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


50.00%100.00%150.00%200.00%JuneJulyAugustSeptemberOctoberNovember
188.62%
49.58%
BITC (Bitwise Bitcoin Strategy Optimum Roll ETF)
Benchmark (^GSPC)

Returns By Period

Bitwise Bitcoin Strategy Optimum Roll ETF had a return of 108.66% year-to-date (YTD) and 126.75% in the last 12 months.


BITC

YTD

108.66%

1M

41.92%

6M

32.22%

1Y

126.75%

5Y (annualized)

N/A

10Y (annualized)

N/A

^GSPC (Benchmark)

YTD

25.53%

1M

3.09%

6M

12.87%

1Y

31.32%

5Y (annualized)

13.73%

10Y (annualized)

11.25%

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.19%46.10%12.06%-17.66%14.11%-12.03%7.53%-10.43%7.47%9.93%108.66%
20230.66%1.87%-8.26%12.35%-5.24%-11.25%2.35%27.80%8.35%9.80%38.32%

Expense Ratio

BITC features an expense ratio of 0.88%, falling within the medium range.


Expense ratio chart for BITC: current value at 0.88% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.88%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BITC is 65, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of BITC is 6565
Overall Rank
The Sharpe Ratio Rank of BITC is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of BITC is 6262
Sortino Ratio Rank
The Omega Ratio Rank of BITC is 5656
Omega Ratio Rank
The Calmar Ratio Rank of BITC is 8484
Calmar Ratio Rank
The Martin Ratio Rank of BITC is 5555
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for BITC, currently valued at 2.19, compared to the broader market-2.000.002.004.002.192.56
The chart of Sortino ratio for BITC, currently valued at 2.76, compared to the broader market-2.000.002.004.006.008.0010.0012.002.763.42
The chart of Omega ratio for BITC, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.331.48
The chart of Calmar ratio for BITC, currently valued at 4.05, compared to the broader market0.005.0010.0015.0020.004.053.69
The chart of Martin ratio for BITC, currently valued at 8.68, compared to the broader market0.0020.0040.0060.0080.00100.008.6816.38
BITC
^GSPC

The current Bitwise Bitcoin Strategy Optimum Roll ETF Sharpe ratio is 2.19. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Bitwise Bitcoin Strategy Optimum Roll ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.19
2.56
BITC (Bitwise Bitcoin Strategy Optimum Roll ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Bitwise Bitcoin Strategy Optimum Roll ETF provided a 2.71% dividend yield over the last twelve months, with an annual payout of $1.88 per share.


5.65%$0.00$0.50$1.00$1.50$2.002023
Dividends
Dividend Yield
PeriodTTM2023
Dividend$1.88$1.88

Dividend yield

2.71%5.65%

Monthly Dividends

The table displays the monthly dividend distributions for Bitwise Bitcoin Strategy Optimum Roll ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$1.88$1.88

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.62%
-0.23%
BITC (Bitwise Bitcoin Strategy Optimum Roll ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Bitwise Bitcoin Strategy Optimum Roll ETF. 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 Bitwise Bitcoin Strategy Optimum Roll ETF was 31.26%, occurring on Sep 6, 2024. Recovery took 46 trading sessions.

The current Bitwise Bitcoin Strategy Optimum Roll ETF drawdown is 4.62%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-31.26%Mar 14, 2024122Sep 6, 202446Nov 11, 2024168
-23.08%Jul 14, 202341Sep 11, 202331Oct 24, 202372
-17.34%Apr 14, 202344Jun 15, 20235Jun 23, 202349
-17.25%Jan 9, 202410Jan 23, 202413Feb 9, 202423
-9.42%Dec 22, 20235Dec 29, 20235Jan 8, 202410

Volatility

Volatility Chart

The current Bitwise Bitcoin Strategy Optimum Roll ETF volatility is 18.79%, 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%JuneJulyAugustSeptemberOctoberNovember
18.79%
3.97%
BITC (Bitwise Bitcoin Strategy Optimum Roll ETF)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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