AETH vs. BITX
Compare and contrast key facts about Bitwise Ethereum Strategy ETF (AETH) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
AETH and BITX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AETH is an actively managed fund by Bitwise. It was launched on Sep 29, 2023. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AETH or BITX.
Correlation
The correlation between AETH and BITX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AETH vs. BITX - Performance Comparison
Key characteristics
AETH:
-0.02
BITX:
0.84
AETH:
0.44
BITX:
1.82
AETH:
1.06
BITX:
1.21
AETH:
-0.03
BITX:
1.56
AETH:
-0.05
BITX:
2.89
AETH:
28.27%
BITX:
32.99%
AETH:
63.30%
BITX:
113.34%
AETH:
-47.78%
BITX:
-61.28%
AETH:
-31.45%
BITX:
-22.47%
Returns By Period
In the year-to-date period, AETH achieves a -11.47% return, which is significantly lower than BITX's 5.69% return.
AETH
-11.47%
0.18%
11.43%
-5.03%
N/A
N/A
BITX
5.69%
-16.55%
110.20%
103.48%
N/A
N/A
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AETH vs. BITX - Expense Ratio Comparison
AETH has a 0.90% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
AETH vs. BITX — Risk-Adjusted Performance Rank
AETH
BITX
AETH vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Strategy ETF (AETH) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
Dividends
AETH vs. BITX - Dividend Comparison
AETH's dividend yield for the trailing twelve months is around 16.64%, more than BITX's 10.31% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
AETH Bitwise Ethereum Strategy ETF | 16.64% | 14.73% | 6.64% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 10.31% | 10.71% | 0.00% |
Drawdowns
AETH vs. BITX - Drawdown Comparison
The maximum AETH drawdown since its inception was -47.78%, smaller than the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for AETH and BITX. For additional features, visit the drawdowns tool.
Volatility
AETH vs. BITX - Volatility Comparison
The current volatility for Bitwise Ethereum Strategy ETF (AETH) is 0.21%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 18.94%. This indicates that AETH experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.