Correlation
The correlation between BITB and EZBC is 0.36, 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.
BITB vs. EZBC
Compare and contrast key facts about Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC).
BITB and EZBC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. Both BITB and EZBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITB or EZBC.
Performance
BITB vs. EZBC - Performance Comparison
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Key characteristics
BITB:
0.99
EZBC:
0.99
BITB:
1.63
EZBC:
1.63
BITB:
1.19
EZBC:
1.19
BITB:
1.87
EZBC:
1.87
BITB:
4.08
EZBC:
4.13
BITB:
12.88%
EZBC:
12.78%
BITB:
52.70%
EZBC:
52.88%
BITB:
-28.19%
EZBC:
-28.23%
BITB:
-5.92%
EZBC:
-6.02%
Returns By Period
The year-to-date returns for both stocks are quite close, with BITB having a 11.96% return and EZBC slightly lower at 11.86%.
BITB
11.96%
11.13%
7.56%
51.93%
N/A
N/A
N/A
EZBC
11.86%
11.08%
7.55%
51.96%
N/A
N/A
N/A
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BITB vs. EZBC - Expense Ratio Comparison
BITB has a 0.20% expense ratio, which is higher than EZBC's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BITB vs. EZBC — Risk-Adjusted Performance Rank
BITB
EZBC
BITB vs. EZBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC). 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.
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Dividends
BITB vs. EZBC - Dividend Comparison
Neither BITB nor EZBC has paid dividends to shareholders.
Drawdowns
BITB vs. EZBC - Drawdown Comparison
The maximum BITB drawdown since its inception was -28.19%, roughly equal to the maximum EZBC drawdown of -28.23%. Use the drawdown chart below to compare losses from any high point for BITB and EZBC.
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Volatility
BITB vs. EZBC - Volatility Comparison
Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC) have volatilities of 9.40% and 9.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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