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 |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.volatilityshares.com |
| Asset Class | Cryptocurrency |
Expense Ratio
BITX has a high expense ratio of 1.85%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BITX vs. BITU, BITX vs. BITO, BITX vs. BTC-USD, BITX vs. IBIT, BITX vs. MSTR, BITX vs. FBTC, BITX vs. CONL, BITX vs. BBAI, BITX vs. COIN, BITX vs. BTFX
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
Volatility Shares 2x Bitcoin Strategy ETF had a return of 173.81% year-to-date (YTD) and 244.30% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 173.81% | 23.08% |
| 1 month | 74.47% | 0.48% |
| 6 months | 41.06% | 10.70% |
| 1 year | 244.30% | 30.22% |
| 5 years (annualized) | N/A | 13.50% |
| 10 years (annualized) | N/A | 11.11% |
Monthly Returns
The table below presents the monthly returns of BITX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.94% | 98.73% | 21.30% | -34.74% | 26.38% | -24.33% | 13.03% | -25.47% | 13.58% | 18.04% | 173.81% | ||
| 2023 | -2.97% | -11.13% | -23.56% | 4.42% | 60.53% | 12.65% | 18.30% | 47.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BITX is 59, 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.
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.
Dividends
Dividend History
Volatility Shares 2x Bitcoin Strategy ETF provided a 7.94% dividend yield over the last twelve months, with an annual payout of $4.35 per share.
| Period | TTM |
|---|---|
| Dividend | $4.35 |
Dividend yield | 7.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Volatility Shares 2x Bitcoin Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.97 | $0.86 | $0.68 | $0.63 | $0.63 | $0.59 | $0.00 | $4.35 |
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.
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 61.28%, occurring on Sep 6, 2024. Recovery took 47 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -61.28% | Mar 14, 2024 | 122 | Sep 6, 2024 | 47 | Nov 12, 2024 | 169 |
| -42.99% | Jul 14, 2023 | 41 | Sep 11, 2023 | 31 | Oct 24, 2023 | 72 |
| -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 36.00%, 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.