Volatility Shares 2x Bitcoin Strategy ETF (BITX)
The fund seeks to provide daily investment results that correspond generally to twice the performance of the S&P CME Bitcoin Futures Daily Roll Index for a single day by benefiting from increases in the price of Bitcoin Futures Contracts. The fund does not directly invest in bitcoin.
ETF Info
| CUSIP | 92864M301 |
|---|---|
| Issuer | Volatility Shares |
| Inception Date | Jun 27, 2023 |
| Category | Blockchain, Leveraged |
| Index Tracked | No Index (Active) |
| Home Page | www.volatilityshares.com |
| Asset Class | Cryptocurrency |
Expense Ratio
The Volatility Shares 2x Bitcoin Strategy ETF has a high expense ratio of 1.85%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Volatility Shares 2x Bitcoin Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 79.88% | 6.92% |
| 1 month | -18.22% | -2.83% |
| 6 months | 152.87% | 23.86% |
| 1 year | N/A | 23.33% |
| 5 years (annualized) | N/A | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.94% | 98.73% | 21.30% | |||||||||
| 2023 | 4.42% | 60.53% | 12.65% | 18.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Volatility Shares 2x Bitcoin Strategy 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 Volatility Shares 2x Bitcoin Strategy ETF was 42.99%, occurring on Sep 11, 2023. Recovery took 31 trading sessions.
The current Volatility Shares 2x Bitcoin Strategy ETF drawdown is 31.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.99% | Jul 14, 2023 | 41 | Sep 11, 2023 | 31 | Oct 24, 2023 | 72 |
| -36.18% | Mar 14, 2024 | 24 | Apr 17, 2024 | — | — | — |
| -31.82% | Jan 9, 2024 | 10 | Jan 23, 2024 | 14 | Feb 12, 2024 | 24 |
| -17.21% | Mar 5, 2024 | 1 | Mar 5, 2024 | 3 | Mar 8, 2024 | 4 |
| -16.65% | Dec 11, 2023 | 1 | Dec 11, 2023 | 18 | Jan 8, 2024 | 19 |
Volatility
Volatility Chart
The current Volatility Shares 2x Bitcoin Strategy ETF volatility is 32.09%, 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.