BITB vs. ERIC
BITB (Bitwise Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while ERIC (Telefonaktiebolaget LM Ericsson (publ)) is a stock. Over the past year, BITB returned -39.67% vs 51.44% for ERIC. At a 0.22 correlation, their price movements are largely independent.
Performance
BITB vs. ERIC - Performance Comparison
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Returns By Period
In the year-to-date period, BITB achieves a -27.42% return, which is significantly lower than ERIC's 29.07% return.
BITB
- 1D
- 0.03%
- 1M
- -19.63%
- YTD
- -27.42%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERIC
- 1D
- 1.15%
- 1M
- -1.76%
- YTD
- 29.07%
- 6M
- 30.15%
- 1Y
- 51.44%
- 3Y*
- 37.54%
- 5Y*
- 2.33%
- 10Y*
- 8.16%
BITB vs. ERIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITB Bitwise Bitcoin ETF | -27.42% | -6.47% | 89.74% |
ERIC Telefonaktiebolaget LM Ericsson (publ) | 29.07% | 24.14% | 36.17% |
Correlation
The correlation between BITB and ERIC is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.22 |
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Return for Risk
BITB vs. ERIC — Risk / Return Rank
BITB
ERIC
BITB vs. ERIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin ETF (BITB) and Telefonaktiebolaget LM Ericsson (publ) (ERIC). 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.
| BITB | ERIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.30 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.14 | -3.92 |
| Martin ratioReturn relative to average drawdown | -1.37 | 7.76 | -9.13 |
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Drawdowns
BITB vs. ERIC - Drawdown Comparison
The maximum BITB drawdown since its inception was -52.04%, smaller than the maximum ERIC drawdown of -98.59%. Use the drawdown chart below to compare losses from any high point for BITB and ERIC.
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Drawdown Indicators
| BITB | ERIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.04% | -98.59% | +46.55% |
Max Drawdown (1Y)Largest decline over 1 year | -52.04% | -15.79% | -36.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.59% | — |
Current DrawdownCurrent decline from peak | -49.44% | -82.52% | +33.08% |
Average DrawdownAverage peak-to-trough decline | -16.54% | -67.77% | +51.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.62% | 6.38% | +23.24% |
Volatility
BITB vs. ERIC - Volatility Comparison
The current volatility for Bitwise Bitcoin ETF (BITB) is 11.94%, while Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a volatility of 14.05%. This indicates that BITB experiences smaller price fluctuations and is considered to be less risky than ERIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITB | ERIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.94% | 14.05% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 34.40% | 24.72% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 36.24% | +7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.04% | 34.63% | +15.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.04% | 35.26% | +14.78% |
Dividends
BITB vs. ERIC - Dividend Comparison
BITB has not paid dividends to shareholders, while ERIC's dividend yield for the trailing twelve months is around 2.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITB Bitwise Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERIC Telefonaktiebolaget LM Ericsson (publ) | 2.55% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
Frequently Asked Questions
BITB and ERIC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIC has higher volatility (14.05%) compared to BITB (11.94%). In terms of maximum drawdown, BITB dropped -52.04% vs ERIC's -98.59%.
ERIC currently has the higher Sharpe Ratio (1.37 vs -0.93), 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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