BITC vs. BITB
Compare and contrast key facts about Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and Bitwise Bitcoin ETF (BITB).
BITC and BITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITC is an actively managed fund by Bitwise. It was launched on Mar 20, 2023. 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: BITC or BITB.
Correlation
The correlation between BITC and BITB is 0.29, 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.
Performance
BITC vs. BITB - Performance Comparison
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Key characteristics
BITC:
0.88
BITB:
1.24
BITC:
1.55
BITB:
1.91
BITC:
1.21
BITB:
1.23
BITC:
1.39
BITB:
2.40
BITC:
2.74
BITB:
5.26
BITC:
15.80%
BITB:
12.87%
BITC:
47.83%
BITB:
53.65%
BITC:
-31.26%
BITB:
-28.19%
BITC:
-12.78%
BITB:
-1.84%
Returns By Period
In the year-to-date period, BITC achieves a 0.95% return, which is significantly lower than BITB's 12.23% return.
BITC
0.95%
22.58%
3.69%
41.72%
N/A
N/A
BITB
12.23%
25.02%
16.87%
65.71%
N/A
N/A
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BITC vs. BITB - Expense Ratio Comparison
BITC has a 0.88% expense ratio, which is higher than BITB's 0.20% expense ratio.
Risk-Adjusted Performance
BITC vs. BITB — Risk-Adjusted Performance Rank
BITC
BITB
BITC vs. BITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and Bitwise Bitcoin ETF (BITB). 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
BITC vs. BITB - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 42.28%, while BITB has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 42.28% | 42.68% |
BITB Bitwise Bitcoin ETF | 0.00% | 0.00% |
Drawdowns
BITC vs. BITB - Drawdown Comparison
The maximum BITC drawdown since its inception was -31.26%, which is greater than BITB's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for BITC and BITB. For additional features, visit the drawdowns tool.
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Volatility
BITC vs. BITB - Volatility Comparison
Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and Bitwise Bitcoin ETF (BITB) have volatilities of 8.93% and 9.00%, 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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