BITQ vs. BITS
BITQ (Bitwise Crypto Industry Innovators ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both exchange-traded funds - BITQ is a Blockchain fund tracking the Bitwise Crypto Innovators 30 Index, while BITS is a Cryptocurrency fund tracking the NONE. Both are passively managed. Over the past 3 years, BITQ returned 39.21%/yr vs 35.02%/yr for BITS. Their correlation of 0.93 means they have usually moved in the same direction. BITQ charges 0.85%/yr vs 0.65%/yr for BITS.
Performance
BITQ vs. BITS - Performance Comparison
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Returns By Period
In the year-to-date period, BITQ achieves a 18.16% return, which is significantly higher than BITS's -8.84% return.
BITQ
- 1D
- 3.33%
- 1M
- -1.01%
- 6M
- 14.26%
- YTD
- 18.16%
- 1Y
- 24.60%
- 3Y*
- 39.21%
- 5Y*
- 0.93%
- 10Y*
- —
- ALL TIME*
- 0.18%
BITS
- 1D
- 2.70%
- 1M
- 2.05%
- 6M
- -8.08%
- YTD
- -8.84%
- 1Y
- -6.58%
- 3Y*
- 35.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.37M | $2.10M | $2.97M | |
| $95.25K | $88.47K | $160.88K |
BITQ vs. BITS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 18.16% | 18.00% | 46.97% | 246.83% | -83.86% | -34.52% |
BITS Global X Blockchain & Bitcoin Strategy ETF | -8.84% | 14.90% | 61.84% | 212.23% | -75.46% | -28.96% |
Correlation
The correlation between BITQ and BITS is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.93 |
The correlation between BITQ and BITS has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
BITQ vs. BITS — Risk / Return Rank
BITQ
BITS
BITQ vs. BITS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) 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.
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.
| BITQ | BITS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.14 | +0.69 |
| Martin ratioReturn relative to average drawdown | 1.10 | -0.22 | +1.32 |
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Drawdowns
BITQ vs. BITS - Drawdown Comparison
The maximum BITQ drawdown since its inception was -90.32%, which is greater than BITS's maximum drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for BITQ and BITS.
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Drawdown Indicators
| BITQ | BITS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.32% | -83.11% | -7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -44.99% | -48.38% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -51.22% | -48.38% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -90.32% | — | — |
Current DrawdownCurrent decline from peak | -27.36% | -39.99% | +12.63% |
Average DrawdownAverage peak-to-trough decline | -51.97% | -42.56% | -9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.43% | 29.86% | -7.43% |
Volatility
BITQ vs. BITS - Volatility Comparison
Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 19.86% compared to Global X Blockchain & Bitcoin Strategy ETF (BITS) at 15.14%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than BITS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITQ | BITS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.86% | 15.14% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 44.31% | 40.67% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.03% | 54.18% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.26% | 60.61% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.15% | 60.61% | +6.54% |
BITQ vs. BITS - Expense Ratio Comparison
BITQ has a 0.85% expense ratio, which is higher than BITS's 0.65% expense ratio.
Dividends
BITQ vs. BITS - Dividend Comparison
BITQ has not paid dividends to shareholders, while BITS's dividend yield for the trailing twelve months is around 24.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 0.90% | 1.51% | 0.00% | 3.12% |
BITS Global X Blockchain & Bitcoin Strategy ETF | 24.96% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
Frequently Asked Questions
With a correlation of 0.95, BITQ and BITS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BITQ has higher volatility (19.86%) compared to BITS (15.14%). In terms of maximum drawdown, BITQ dropped -90.32% vs BITS's -83.11%.
On 3-year performance, BITQ leads with 39.21% vs 35.02% for BITS. On fees, BITS is cheaper at 0.65% per year. On volatility, BITS has been the lower-risk option at 15.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITQ has performed better with a 39.21% return vs 35.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITS is cheaper with a 0.65% expense ratio, compared with 0.85% for BITQ.
BITS has the higher dividend yield at 24.96%, compared with 0.00% for BITQ.
BITQ is categorized as Blockchain, while BITS is Cryptocurrency. BITQ tracks Bitwise Crypto Innovators 30 Index, while BITS tracks NONE. They also come from different issuers: Bitwise and Global X. Their fees differ too: 0.85% for BITQ and 0.65% for BITS.
BITQ currently has the higher Sharpe Ratio (0.42 vs -0.12), 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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