BITEX vs. BTC-USD
BITEX (Brown Advisory Tax-Exempt Sustainable Bond Fund) is Municipal Bonds fund managed by Brown Advisory Funds, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, BITEX returned 0.38%/yr vs 13.75%/yr for BTC-USD. At a 0.02 correlation, their price movements are largely independent.
Performance
BITEX vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BITEX achieves a 1.39% return, which is significantly higher than BTC-USD's -28.58% return.
BITEX
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 1.06%
- YTD
- 1.39%
- 1Y
- 5.92%
- 3Y*
- 3.56%
- 5Y*
- 0.38%
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
BITEX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BITEX Brown Advisory Tax-Exempt Sustainable Bond Fund | 1.39% | 4.27% | 2.02% | 4.35% | -9.40% | 2.21% | 2.08% | 0.19% |
BTC-USD Bitcoin | -28.58% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | -3.22% |
Correlation
The correlation between BITEX and BTC-USD is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BITEX vs. BTC-USD — Risk / Return Rank
BITEX
BTC-USD
BITEX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) and Bitcoin (BTC-USD). 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.
| BITEX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.47 | ||
| Sortino ratioReturn per unit of downside risk | +5.51 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.83 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | -0.90 | +3.09 |
| Martin ratioReturn relative to average drawdown | 7.55 | -1.46 | +9.00 |
Loading charts...
Drawdowns
BITEX vs. BTC-USD - Drawdown Comparison
The maximum BITEX drawdown since its inception was -13.06%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BITEX and BTC-USD.
Loading charts...
Drawdown Indicators
| BITEX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.06% | -85.30% | +72.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -53.08% | +50.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -53.08% | +48.32% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -76.67% | +63.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -0.47% | -49.89% | +49.42% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -42.55% | +38.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 28.99% | -28.23% |
Volatility
BITEX vs. BTC-USD - Volatility Comparison
The current volatility for Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) is 0.56%, while Bitcoin (BTC-USD) has a volatility of 8.86%. This indicates that BITEX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITEX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 8.86% | -8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 34.96% | -33.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 35.56% | -33.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 43.94% | -40.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 56.32% | -52.31% |
Frequently Asked Questions
BITEX and BTC-USD have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (8.86%) compared to BITEX (0.56%). In terms of maximum drawdown, BITEX dropped -13.06% vs BTC-USD's -85.30%.
BITEX currently has the higher Sharpe Ratio (2.36 vs -1.11), 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.
Find the right allocation for BITEX and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer