BITC vs. IBIT
Compare and contrast key facts about Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and iShares Bitcoin Trust (IBIT).
BITC and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITC or IBIT.
Key characteristics
| BITC | IBIT | |
|---|---|---|
| Daily Std Dev | 58.07% | 57.96% |
| Max Drawdown | -31.26% | -27.51% |
| Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between BITC and IBIT is 1.00, 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. IBIT - Performance Comparison
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. IBIT - Expense Ratio Comparison
BITC has a 0.88% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
BITC vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and iShares Bitcoin Trust (IBIT). 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.
Not enough dataDividends
BITC vs. IBIT - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 2.86%, while IBIT has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 2.86% | 5.65% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
BITC vs. IBIT - Drawdown Comparison
The maximum BITC drawdown since its inception was -31.26%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for BITC and IBIT. For additional features, visit the drawdowns tool.
Volatility
BITC vs. IBIT - Volatility Comparison
Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and iShares Bitcoin Trust (IBIT) have volatilities of 18.10% and 17.95%, 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.