BBAI vs. BITX
Compare and contrast key facts about BigBear.ai Holdings, Inc. (BBAI) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
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: BBAI or BITX.
Performance
BBAI vs. BITX - Performance Comparison
Returns By Period
In the year-to-date period, BBAI achieves a -3.74% return, which is significantly lower than BITX's 179.95% return.
BBAI
-3.74%
17.71%
32.90%
12.57%
N/A
N/A
BITX
179.95%
74.25%
36.03%
220.99%
N/A
N/A
Key characteristics
| BBAI | BITX | |
|---|---|---|
| Sharpe Ratio | 0.13 | 2.12 |
| Sortino Ratio | 1.10 | 2.67 |
| Omega Ratio | 1.12 | 1.31 |
| Calmar Ratio | 0.16 | 3.95 |
| Martin Ratio | 0.27 | 7.45 |
| Ulcer Index | 53.65% | 32.50% |
| Daily Std Dev | 108.73% | 114.27% |
| Max Drawdown | -95.01% | -61.28% |
| Current Drawdown | -83.77% | 0.00% |
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Correlation
The correlation between BBAI and BITX is 0.26, 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.
Risk-Adjusted Performance
BBAI vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) 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
BBAI vs. BITX - Dividend Comparison
BBAI has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 7.76%.
| TTM | |
|---|---|
BBAI BigBear.ai Holdings, Inc. | 0.00% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 7.76% |
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 -61.28%. Use the drawdown chart below to compare losses from any high point for BBAI and BITX. For additional features, visit the drawdowns tool.
Volatility
BBAI vs. BITX - Volatility Comparison
The current volatility for BigBear.ai Holdings, Inc. (BBAI) is 31.04%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 35.57%. 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.