BITQ vs. BTC-USD
BITQ (Bitwise Crypto Industry Innovators ETF) is Blockchain fund tracking the Bitwise Crypto Innovators 30 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, BITQ returned 0.93%/yr vs 9.77%/yr for BTC-USD. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
BITQ vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BITQ achieves a 18.16% return, which is significantly higher than BTC-USD's -27.65% 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%
BTC-USD
- 1D
- -0.30%
- 1M
- 0.35%
- 6M
- -19.52%
- YTD
- -27.65%
- 1Y
- -44.57%
- 3Y*
- 29.61%
- 5Y*
- 9.77%
- 10Y*
- 59.80%
- ALL TIME*
- 87.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.37M | $2.10M | $2.97M | |
BTC-USD Bitcoin | $1541.04T | $1614.90T | $2068.30T |
BITQ vs. BTC-USD - 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% | -11.98% |
BTC-USD Bitcoin | -27.65% | -6.27% | 120.76% | 155.82% | -64.23% | -18.58% |
Correlation
The correlation between BITQ and BTC-USD is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.55 |
The correlation between BITQ and BTC-USD has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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
BITQ vs. BTC-USD — Risk / Return Rank
BITQ
BTC-USD
BITQ vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) 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.
| BITQ | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.85 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.84 | +1.39 |
| Martin ratioReturn relative to average drawdown | 1.10 | -1.29 | +2.39 |
Loading charts...
Drawdowns
BITQ vs. BTC-USD - Drawdown Comparison
The maximum BITQ drawdown since its inception was -90.32%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BITQ and BTC-USD.
Loading charts...
Drawdown Indicators
| BITQ | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.32% | -85.30% | -5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -44.99% | -53.08% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -51.22% | -53.08% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -90.32% | -76.67% | -13.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -27.36% | -49.24% | +21.88% |
Average DrawdownAverage peak-to-trough decline | -51.97% | -42.74% | -9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.43% | 25.03% | -2.60% |
Volatility
BITQ vs. BTC-USD - Volatility Comparison
Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 19.86% compared to Bitcoin (BTC-USD) at 8.46%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITQ | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.86% | 8.46% | +11.40% |
Volatility (6M)Calculated over the trailing 6-month period | 44.31% | 33.65% | +10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.03% | 35.87% | +23.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.26% | 43.64% | +23.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.15% | 56.22% | +10.93% |
Frequently Asked Questions
BITQ and BTC-USD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITQ has higher volatility (19.86%) compared to BTC-USD (8.46%). In terms of maximum drawdown, BITQ dropped -90.32% vs BTC-USD's -85.30%.
BITQ currently has the higher Sharpe Ratio (0.42 vs -1.03), 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 BITQ 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