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BITS vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

BITS vs. BTC-USD

Last updated May 13, 2025

Compare and contrast key facts about Global X Blockchain & Bitcoin Strategy ETF (BITS) and Bitcoin (BTC-USD).

BITS is a passively managed fund by Global X that tracks the performance of the NONE. It was launched on Nov 15, 2021.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITS or BTC-USD.

Correlation

The correlation between BITS and BTC-USD is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

BITS vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BITS:

0.59

BTC-USD:

1.32

Sortino Ratio

BITS:

1.17

BTC-USD:

2.99

Omega Ratio

BITS:

1.13

BTC-USD:

1.31

Calmar Ratio

BITS:

0.71

BTC-USD:

2.29

Martin Ratio

BITS:

1.63

BTC-USD:

10.98

Ulcer Index

BITS:

19.48%

BTC-USD:

11.20%

Daily Std Dev

BITS:

61.64%

BTC-USD:

42.24%

Max Drawdown

BITS:

-83.11%

BTC-USD:

-93.18%

Current Drawdown

BITS:

-22.95%

BTC-USD:

-3.14%

Returns By Period

In the year-to-date period, BITS achieves a -5.73% return, which is significantly lower than BTC-USD's 10.04% return.

BITS

YTD

-5.73%

1M

23.86%

6M

-15.48%

1Y

36.02%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

10.04%

1M

20.55%

6M

15.91%

1Y

67.32%

5Y*

61.81%

10Y*

83.49%

*Annualized

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Risk-Adjusted Performance

BITS vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BITS
The Risk-Adjusted Performance Rank of BITS is 6060
Overall Rank
The Sharpe Ratio Rank of BITS is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of BITS is 6969
Sortino Ratio Rank
The Omega Ratio Rank of BITS is 5757
Omega Ratio Rank
The Calmar Ratio Rank of BITS is 6969
Calmar Ratio Rank
The Martin Ratio Rank of BITS is 4747
Martin Ratio Rank
BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9090
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8686
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9393
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BITS vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.

The current BITS Sharpe Ratio is 0.59, which is lower than the BTC-USD Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of BITS and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Drawdowns

BITS vs. BTC-USD - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, smaller than the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for BITS and BTC-USD. For additional features, visit the drawdowns tool.

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Volatility

BITS vs. BTC-USD - Volatility Comparison

Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 12.09% compared to Bitcoin (BTC-USD) at 10.58%. This indicates that BITS'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.

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