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.
Correlation
The correlation between BBAI and BITX is 0.29, 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
BBAI vs. BITX - Performance Comparison
Key characteristics
BBAI:
0.35
BITX:
-0.15
BBAI:
1.60
BITX:
0.57
BBAI:
1.17
BITX:
1.06
BBAI:
0.48
BITX:
-0.27
BBAI:
1.54
BITX:
-0.52
BBAI:
28.46%
BITX:
31.73%
BBAI:
127.04%
BITX:
109.64%
BBAI:
-95.01%
BITX:
-61.28%
BBAI:
-76.75%
BITX:
-45.64%
Returns By Period
In the year-to-date period, BBAI achieves a -33.71% return, which is significantly lower than BITX's -25.89% return.
BBAI
-33.71%
-42.83%
113.77%
50.51%
N/A
N/A
BITX
-25.89%
-2.87%
47.87%
-13.84%
N/A
N/A
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Risk-Adjusted Performance
BBAI vs. BITX — Risk-Adjusted Performance Rank
BBAI
BITX
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 16.49%.
| TTM | 2024 | |
|---|---|---|
BBAI BigBear.ai Holdings, Inc. | 0.00% | 0.00% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 16.49% | 10.71% |
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
BigBear.ai Holdings, Inc. (BBAI) has a higher volatility of 39.24% compared to Volatility Shares 2x Bitcoin Strategy ETF (BITX) at 34.21%. This indicates that BBAI's price experiences larger fluctuations and is considered to be riskier than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.