BITC vs. NVDA
BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) is Cryptocurrency fund actively managed by Bitwise, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, BITC returned 28.25%/yr vs 69.00%/yr for NVDA. At a 0.19 correlation, their price movements are largely independent.
Performance
BITC vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, BITC achieves a -0.51% return, which is significantly lower than NVDA's 5.08% return.
BITC
- 1D
- 0.15%
- 1M
- -6.81%
- YTD
- -0.51%
- 6M
- -0.58%
- 1Y
- -17.30%
- 3Y*
- 28.25%
- 5Y*
- —
- 10Y*
- —
NVDA
- 1D
- -1.64%
- 1M
- -8.79%
- YTD
- 5.08%
- 6M
- 3.91%
- 1Y
- 27.02%
- 3Y*
- 69.00%
- 5Y*
- 59.49%
- 10Y*
- 67.75%
BITC vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | -0.51% | -20.46% | 97.86% | 42.71% |
NVDA NVIDIA Corporation | 5.08% | 38.92% | 171.25% | 91.26% |
Correlation
The correlation between BITC and NVDA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023 | 0.19 |
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Return for Risk
BITC vs. NVDA — Risk / Return Rank
BITC
NVDA
BITC vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and NVIDIA Corporation (NVDA). 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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.15 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.34 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.91 | 3.08 | -3.99 |
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Drawdowns
BITC vs. NVDA - Drawdown Comparison
The maximum BITC drawdown since its inception was -38.51%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for BITC and NVDA.
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Drawdown Indicators
| BITC | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.51% | -89.72% | +51.21% |
Max Drawdown (1Y)Largest decline over 1 year | -26.51% | -20.21% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -38.51% | -36.88% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.34% | — |
Current DrawdownCurrent decline from peak | -31.62% | -16.87% | -14.75% |
Average DrawdownAverage peak-to-trough decline | -16.55% | -36.15% | +19.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.08% | 8.78% | +10.30% |
Volatility
BITC vs. NVDA - Volatility Comparison
The current volatility for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is 5.29%, while NVIDIA Corporation (NVDA) has a volatility of 13.26%. This indicates that BITC experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITC | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 13.26% | -7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 26.67% | -7.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.45% | 35.46% | -10.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.30% | 51.84% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.30% | 49.86% | -3.56% |
Dividends
BITC vs. NVDA - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 3.38%, more than NVDA's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.38% | 3.36% | 42.68% | 5.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
BITC and NVDA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDA has higher volatility (13.26%) compared to BITC (5.29%). In terms of maximum drawdown, BITC dropped -38.51% vs NVDA's -89.72%.
NVDA currently has the higher Sharpe Ratio (0.77 vs -0.68), 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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