BITB vs. OHI
BITB (Bitwise Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while OHI (Omega Healthcare Investors, Inc.) is a stock. Over the past year, BITB returned -39.67% vs 31.58% for OHI. At a correlation of -0.01, they often move in opposite directions.
Performance
BITB vs. OHI - 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 OHI's 6.29% return.
BITB
- 1D
- 0.03%
- 1M
- -19.63%
- YTD
- -27.42%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OHI
- 1D
- 1.08%
- 1M
- -3.30%
- YTD
- 6.29%
- 6M
- 7.19%
- 1Y
- 31.58%
- 3Y*
- 22.48%
- 5Y*
- 12.56%
- 10Y*
- 11.91%
BITB vs. OHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITB Bitwise Bitcoin ETF | -27.42% | -6.47% | 89.74% |
OHI Omega Healthcare Investors, Inc. | 6.29% | 25.52% | 34.36% |
Correlation
The correlation between BITB and OHI is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | -0.01 |
The correlation between BITB and OHI shifts across timeframes, from -0.14 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BITB vs. OHI — Risk / Return Rank
BITB
OHI
BITB vs. OHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin ETF (BITB) and Omega Healthcare Investors, Inc. (OHI). 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 | OHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.29 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.92 | -3.70 |
| Martin ratioReturn relative to average drawdown | -1.37 | 7.97 | -9.34 |
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Drawdowns
BITB vs. OHI - Drawdown Comparison
The maximum BITB drawdown since its inception was -52.04%, smaller than the maximum OHI drawdown of -94.85%. Use the drawdown chart below to compare losses from any high point for BITB and OHI.
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Drawdown Indicators
| BITB | OHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.04% | -94.85% | +42.81% |
Max Drawdown (1Y)Largest decline over 1 year | -52.04% | -10.86% | -41.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.92% | — |
Current DrawdownCurrent decline from peak | -49.44% | -6.57% | -42.87% |
Average DrawdownAverage peak-to-trough decline | -16.54% | -24.04% | +7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.62% | 3.97% | +25.65% |
Volatility
BITB vs. OHI - Volatility Comparison
Bitwise Bitcoin ETF (BITB) has a higher volatility of 11.94% compared to Omega Healthcare Investors, Inc. (OHI) at 7.52%. This indicates that BITB's price experiences larger fluctuations and is considered to be riskier than OHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITB | OHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.94% | 7.52% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 34.40% | 15.17% | +19.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 19.86% | +24.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.04% | 24.26% | +25.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.04% | 34.27% | +15.77% |
Dividends
BITB vs. OHI - Dividend Comparison
BITB has not paid dividends to shareholders, while OHI's dividend yield for the trailing twelve months is around 5.86%.
| 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% |
OHI Omega Healthcare Investors, Inc. | 5.86% | 6.04% | 7.08% | 8.74% | 9.59% | 9.06% | 7.38% | 6.26% | 7.51% | 9.22% | 7.55% | 6.23% |
Frequently Asked Questions
BITB and OHI have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITB has higher volatility (11.94%) compared to OHI (7.52%). In terms of maximum drawdown, BITB dropped -52.04% vs OHI's -94.85%.
OHI currently has the higher Sharpe Ratio (1.60 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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