BCHG vs. BITX
Compare and contrast key facts about Grayscale Bitcoin Cash Trust (BCHG) 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: BCHG or BITX.
Correlation
The correlation between BCHG and BITX is 0.32, 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
BCHG vs. BITX - Performance Comparison
Key characteristics
BCHG:
-0.72
BITX:
0.24
BCHG:
-1.34
BITX:
1.15
BCHG:
0.86
BITX:
1.13
BCHG:
-0.83
BITX:
0.43
BCHG:
-1.40
BITX:
0.87
BCHG:
56.86%
BITX:
30.23%
BCHG:
111.15%
BITX:
109.83%
BCHG:
-99.36%
BITX:
-61.28%
BCHG:
-94.80%
BITX:
-34.67%
Returns By Period
In the year-to-date period, BCHG achieves a -44.19% return, which is significantly lower than BITX's -10.94% return.
BCHG
-44.19%
10.36%
-70.99%
-75.94%
N/A
N/A
BITX
-10.94%
24.08%
31.16%
33.81%
N/A
N/A
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Risk-Adjusted Performance
BCHG vs. BITX — Risk-Adjusted Performance Rank
BCHG
BITX
BCHG vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Cash Trust (BCHG) 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
BCHG vs. BITX - Dividend Comparison
BCHG has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 13.72%.
| TTM | 2024 | |
|---|---|---|
BCHG Grayscale Bitcoin Cash Trust | 0.00% | 0.00% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 13.72% | 10.71% |
Drawdowns
BCHG vs. BITX - Drawdown Comparison
The maximum BCHG drawdown since its inception was -99.36%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for BCHG and BITX. For additional features, visit the drawdowns tool.
Volatility
BCHG vs. BITX - Volatility Comparison
Grayscale Bitcoin Cash Trust (BCHG) has a higher volatility of 33.91% compared to Volatility Shares 2x Bitcoin Strategy ETF (BITX) at 32.09%. This indicates that BCHG'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.