BITC vs. BITS
Compare and contrast key facts about Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and Global X Blockchain & Bitcoin Strategy ETF (BITS).
BITC and BITS 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. BITS is a passively managed fund by Global X that tracks the performance of the NONE. It was launched on Nov 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITC or BITS.
Key characteristics
| BITC | BITS | |
|---|---|---|
| YTD Return | 68.84% | 57.36% |
| 1Y Return | 89.88% | 131.39% |
| Sharpe Ratio | 1.68 | 2.14 |
| Sortino Ratio | 2.30 | 2.73 |
| Omega Ratio | 1.27 | 1.31 |
| Calmar Ratio | 3.04 | 2.13 |
| Martin Ratio | 6.51 | 9.82 |
| Ulcer Index | 14.60% | 13.99% |
| Daily Std Dev | 56.60% | 64.27% |
| Max Drawdown | -31.26% | -83.11% |
| Current Drawdown | -2.24% | -14.76% |
Correlation
The correlation between BITC and BITS is 0.86, 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
BITC vs. BITS - Performance Comparison
In the year-to-date period, BITC achieves a 68.84% return, which is significantly higher than BITS's 57.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BITC vs. BITS - Expense Ratio Comparison
BITC has a 0.88% expense ratio, which is higher than BITS's 0.65% expense ratio.
Risk-Adjusted Performance
BITC vs. BITS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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.
Dividends
BITC vs. BITS - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 3.35%, less than BITS's 8.93% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.35% | 5.65% | 0.00% | 0.00% |
BITS Global X Blockchain & Bitcoin Strategy ETF | 8.93% | 13.69% | 0.48% | 1.90% |
Drawdowns
BITC vs. BITS - Drawdown Comparison
The maximum BITC drawdown since its inception was -31.26%, smaller than the maximum BITS drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for BITC and BITS. For additional features, visit the drawdowns tool.
Volatility
BITC vs. BITS - Volatility Comparison
The current volatility for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is 14.70%, while Global X Blockchain & Bitcoin Strategy ETF (BITS) has a volatility of 19.49%. This indicates that BITC experiences smaller price fluctuations and is considered to be less risky than BITS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.