BBAI vs. BITX
BBAI (BigBear.ai Holdings, Inc.) is a stock, while BITX (2x Bitcoin Strategy ETF) is Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). Over the past 3 years, BBAI returned 15.03%/yr vs 1.91%/yr for BITX. At a 0.32 correlation, their price movements are largely independent.
Performance
BBAI vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, BBAI achieves a -42.78% return, which is significantly higher than BITX's -58.12% return.
BBAI
- 1D
- -5.50%
- 1M
- -23.13%
- 6M
- -51.03%
- YTD
- -42.78%
- 1Y
- -52.02%
- 3Y*
- 15.03%
- 5Y*
- —
- 10Y*
- —
BITX
- 1D
- -5.33%
- 1M
- -6.13%
- 6M
- -61.36%
- YTD
- -58.12%
- 1Y
- -80.34%
- 3Y*
- 1.91%
- 5Y*
- —
- 10Y*
- —
BBAI vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | -42.78% | 21.35% | 107.94% | -6.14% |
BITX 2x Bitcoin Strategy ETF | -58.12% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between BBAI and BITX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.32 |
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Return for Risk
BBAI vs. BITX — Risk / Return Rank
BBAI
BITX
BBAI vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) and 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBAI | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.80 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.96 | +0.17 |
| Martin ratioReturn relative to average drawdown | -1.22 | -1.42 | +0.20 |
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Drawdowns
BBAI vs. BITX - Drawdown Comparison
The maximum BBAI drawdown since its inception was -95.01%, which is greater than BITX's maximum drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for BBAI and BITX.
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Drawdown Indicators
| BBAI | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.01% | -83.45% | -11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -65.88% | -83.45% | +17.57% |
Max Drawdown (3Y)Largest decline over 3 years | -75.56% | -83.45% | +7.89% |
Current DrawdownCurrent decline from peak | -75.65% | -81.49% | +5.84% |
Average DrawdownAverage peak-to-trough decline | -70.81% | -33.35% | -37.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.54% | 56.38% | -13.84% |
Volatility
BBAI vs. BITX - Volatility Comparison
The current volatility for BigBear.ai Holdings, Inc. (BBAI) is 12.84%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 22.66%. This indicates that BBAI 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.
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Volatility by Period
| BBAI | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 22.66% | -9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 53.38% | 69.77% | -16.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.15% | 88.03% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.31% | 97.79% | +75.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.31% | 97.79% | +75.52% |
Dividends
BBAI vs. BITX - Dividend Comparison
BBAI has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 33.37%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | 0.00% | 0.00% | 0.00% |
BITX 2x Bitcoin Strategy ETF | 33.37% | 21.69% | 10.70% |
Frequently Asked Questions
BBAI and BITX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (22.66%) compared to BBAI (12.84%). In terms of maximum drawdown, BBAI dropped -95.01% vs BITX's -83.45%.
BBAI currently has the higher Sharpe Ratio (-0.59 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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