ALRM vs. IBIT
Compare and contrast key facts about Alarm.com Holdings, Inc. (ALRM) and iShares Bitcoin Trust (IBIT).
IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALRM or IBIT.
Key characteristics
| ALRM | IBIT | |
|---|---|---|
| Daily Std Dev | 29.15% | 57.92% |
| Max Drawdown | -57.92% | -27.51% |
| Current Drawdown | -44.35% | -2.59% |
Correlation
The correlation between ALRM and IBIT is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ALRM vs. IBIT - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ALRM vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alarm.com Holdings, Inc. (ALRM) and iShares Bitcoin Trust (IBIT). 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.
Not enough dataDividends
ALRM vs. IBIT - Dividend Comparison
Neither ALRM nor IBIT has paid dividends to shareholders.
Drawdowns
ALRM vs. IBIT - Drawdown Comparison
The maximum ALRM drawdown since its inception was -57.92%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for ALRM and IBIT. For additional features, visit the drawdowns tool.
Volatility
ALRM vs. IBIT - Volatility Comparison
The current volatility for Alarm.com Holdings, Inc. (ALRM) is 13.27%, while iShares Bitcoin Trust (IBIT) has a volatility of 18.39%. This indicates that ALRM experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.