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 year, BBAI returned -9.81% vs -74.26% 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 -30.19% return, which is significantly higher than BITX's -57.54% return.
BBAI
- 1D
- -1.57%
- 1M
- -9.81%
- YTD
- -30.19%
- 6M
- -38.40%
- 1Y
- -9.81%
- 3Y*
- 17.23%
- 5Y*
- —
- 10Y*
- —
BITX
- 1D
- -6.62%
- 1M
- -34.22%
- YTD
- -57.54%
- 6M
- -57.83%
- 1Y
- -74.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBAI vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | -30.19% | 21.35% | 107.94% | -6.14% |
BITX 2x Bitcoin Strategy ETF | -57.54% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between BBAI and BITX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
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 | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.84 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.91 | +0.76 |
| Martin ratioReturn relative to average drawdown | -0.24 | -1.40 | +1.15 |
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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 -82.16%. 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% | -82.16% | -12.85% |
Max Drawdown (1Y)Largest decline over 1 year | -65.88% | -82.16% | +16.28% |
Max Drawdown (3Y)Largest decline over 3 years | -75.56% | — | — |
Current DrawdownCurrent decline from peak | -70.29% | -81.23% | +10.94% |
Average DrawdownAverage peak-to-trough decline | -70.79% | -32.50% | -38.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.24% | 53.22% | -12.98% |
Volatility
BBAI vs. BITX - Volatility Comparison
The current volatility for BigBear.ai Holdings, Inc. (BBAI) is 23.36%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 26.10%. 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 | 23.36% | 26.10% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 55.60% | 69.46% | -13.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.52% | 87.90% | +8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 174.20% | 98.18% | +76.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.20% | 98.18% | +76.02% |
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 37.54%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | 0.00% | 0.00% | 0.00% |
BITX 2x Bitcoin Strategy ETF | 37.54% | 21.69% | 10.70% |
Frequently Asked Questions
BBAI and BITX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (26.10%) compared to BBAI (23.36%). In terms of maximum drawdown, BBAI dropped -95.01% vs BITX's -82.16%.
BBAI currently has the higher Sharpe Ratio (-0.10 vs -0.85), 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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