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 0.74, 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:
0.45
BTC-USD:
0.76
BITB:
1.02
BTC-USD:
1.41
BITB:
1.12
BTC-USD:
1.14
BITB:
0.89
BTC-USD:
0.55
BITB:
1.94
BTC-USD:
3.60
BITB:
12.57%
BTC-USD:
11.11%
BITB:
54.10%
BTC-USD:
42.54%
BITB:
-27.44%
BTC-USD:
-93.07%
BITB:
-18.59%
BTC-USD:
-22.29%
Returns By Period
In the year-to-date period, BITB achieves a -6.92% return, which is significantly higher than BTC-USD's -11.71% return.
BITB
-6.92%
1.15%
44.34%
31.58%
N/A
N/A
BTC-USD
-11.71%
-4.16%
36.04%
26.03%
65.06%
77.84%
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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 16.76% compared to Bitcoin (BTC-USD) at 15.22%. 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.