BITB vs. BTC-USD
Compare and contrast key facts about Bitwise Bitcoin ETF (BITB) and Bitcoin (BTC-USD).
BITB is a passively managed fund by Bitwise Asset Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITB or BTC-USD.
Correlation
The correlation between BITB and BTC-USD is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITB vs. BTC-USD - Performance Comparison
Key characteristics
BITB:
2.54
BTC-USD:
2.38
BITB:
3.03
BTC-USD:
3.04
BITB:
1.36
BTC-USD:
1.30
BITB:
5.25
BTC-USD:
2.37
BITB:
12.01
BTC-USD:
10.81
BITB:
11.98%
BTC-USD:
11.01%
BITB:
56.65%
BTC-USD:
43.94%
BITB:
-27.44%
BTC-USD:
-93.07%
BITB:
-1.82%
BTC-USD:
-1.58%
Returns By Period
The year-to-date returns for both stocks are quite close, with BITB having a 12.25% return and BTC-USD slightly lower at 11.81%.
BITB
12.25%
4.20%
55.74%
155.51%
N/A
N/A
BTC-USD
11.81%
4.42%
56.59%
153.17%
64.37%
85.95%
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Risk-Adjusted Performance
BITB vs. BTC-USD — Risk-Adjusted Performance Rank
BITB
BTC-USD
BITB vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin ETF (BITB) and Bitcoin (BTC-USD). 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.
Drawdowns
BITB vs. BTC-USD - Drawdown Comparison
The maximum BITB drawdown since its inception was -27.44%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BITB and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BITB vs. BTC-USD - Volatility Comparison
Bitwise Bitcoin ETF (BITB) has a higher volatility of 14.37% compared to Bitcoin (BTC-USD) at 12.88%. This indicates that BITB's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.