BITC vs. ILS

Last updated Jun 24, 2026

BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) and ILS (Brookmont Catastrophic Bond ETF) are both exchange-traded funds - BITC is a Cryptocurrency fund actively managed by Bitwise, while ILS is a Nontraditional Bonds fund actively managed by Brookmont. Both are actively managed. Over the past year, BITC returned -13.86% vs 7.81% for ILS. At a correlation of -0.09, they often move in opposite directions. BITC charges 0.88%/yr vs 1.58%/yr for ILS.

Performance

BITC vs. ILS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and Brookmont Catastrophic Bond ETF (ILS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITC achieves a 3.58% return, which is significantly higher than ILS's 2.27% return.

BITC

• 1D: -3.33%
• 1M: -3.10%
• YTD: 3.58%
• 6M: 3.49%
• 1Y: -13.86%
• 3Y*: 28.98%
• 5Y*: —
• 10Y*: —

ILS

• 1D: 0.10%
• 1M: 1.26%
• YTD: 2.27%
• 6M: 2.63%
• 1Y: 7.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITC vs. ILS - Yearly Performance Comparison

	2026 (YTD)	2025
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	3.58%	-9.28%
ILS Brookmont Catastrophic Bond ETF	2.27%	3.54%

Correlation

The correlation between BITC and ILS is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	-0.09

Return for Risk

BITC vs. ILS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITC

BITC Risk / Return Rank: 5
BITC Sharpe Ratio Rank: 5
BITC Sortino Ratio Rank: 4
BITC Omega Ratio Rank: 4
BITC Calmar Ratio Rank: 4
BITC Martin Ratio Rank: 6

ILS

ILS Risk / Return Rank: 96
ILS Sharpe Ratio Rank: 92
ILS Sortino Ratio Rank: 95
ILS Omega Ratio Rank: 95
ILS Calmar Ratio Rank: 98
ILS Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITC vs. ILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and Brookmont Catastrophic Bond ETF (ILS). 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.

	BITC	ILS	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	3.06	-3.61
Sortino ratio: Return per unit of downside risk	-0.65	5.05	-5.70
Omega ratio: Gain probability vs. loss probability	0.90	1.69	-0.79
Calmar ratio: Return relative to maximum drawdown	-0.52	14.18	-14.70
Martin ratio: Return relative to average drawdown	-0.73	52.13	-52.86

BITC vs. ILS - Sharpe Ratio Comparison

The current BITC Sharpe Ratio is -0.55, which is lower than the ILS Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of BITC and ILS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITC vs. ILS - Drawdown Comparison

The maximum BITC drawdown since its inception was -38.51%, which is greater than ILS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for BITC and ILS.

Drawdown Indicators

	BITC	ILS	Difference
Max Drawdown Largest peak-to-trough decline	-38.51%	-2.46%	-36.05%
Max Drawdown (1Y) Largest decline over 1 year	-26.51%	-0.55%	-25.96%
Max Drawdown (3Y) Largest decline over 3 years	-38.51%	—	—
Current Drawdown Current decline from peak	-28.82%	0.00%	-28.82%
Average Drawdown Average peak-to-trough decline	-16.51%	-0.54%	-15.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.94%	0.15%	+18.79%

Volatility

BITC vs. ILS - Volatility Comparison

Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) has a higher volatility of 3.42% compared to Brookmont Catastrophic Bond ETF (ILS) at 0.84%. This indicates that BITC's price experiences larger fluctuations and is considered to be riskier than ILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITC	ILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	0.84%	+2.58%
Volatility (6M) Calculated over the trailing 6-month period	19.00%	1.68%	+17.32%
Volatility (1Y) Calculated over the trailing 1-year period	25.12%	2.58%	+22.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.29%	3.77%	+42.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.29%	3.77%	+42.52%

BITC vs. ILS - Expense Ratio Comparison

BITC has a 0.88% expense ratio, which is lower than ILS's 1.58% expense ratio.

Dividends

BITC vs. ILS - Dividend Comparison

BITC's dividend yield for the trailing twelve months is around 3.25%, less than ILS's 8.05% yield.

Position	TTM	2025	2024	2023
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	3.25%	3.36%	42.68%	5.82%
ILS Brookmont Catastrophic Bond ETF	8.05%	6.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BITC and ILS in my portfolio?

BITC and ILS have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITC or ILS?

BITC has higher volatility (3.42%) compared to ILS (0.84%). In terms of maximum drawdown, BITC dropped -38.51% vs ILS's -2.46%.

Which ETF is better, BITC or ILS?

On 1-year performance, ILS leads with 7.81% vs -13.86% for BITC. On fees, BITC is cheaper at 0.88% per year. On volatility, ILS has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITC or ILS?

Over the 1-year period, ILS has performed better with a 7.81% return vs -13.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITC or ILS?

BITC is cheaper with a 0.88% expense ratio, compared with 1.58% for ILS.

Which ETF pays a higher dividend yield, BITC or ILS?

ILS has the higher dividend yield at 8.05%, compared with 3.25% for BITC.

What is the main difference between BITC and ILS?

BITC is categorized as Cryptocurrency, while ILS is Nontraditional Bonds. They also come from different issuers: Bitwise and Brookmont. Their fees differ too: 0.88% for BITC and 1.58% for ILS.

Which has better risk-adjusted returns?

ILS currently has the higher Sharpe Ratio (3.06 vs -0.55), 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.