BITS vs. BTC-USD
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.
Key characteristics
| BITS | BTC-USD | |
|---|---|---|
| YTD Return | 73.06% | 114.32% |
| 1Y Return | 163.28% | 154.90% |
| Sharpe Ratio | 2.43 | 1.07 |
| Sortino Ratio | 2.98 | 1.78 |
| Omega Ratio | 1.33 | 1.17 |
| Calmar Ratio | 2.48 | 0.91 |
| Martin Ratio | 11.42 | 4.39 |
| Ulcer Index | 13.99% | 13.18% |
| Daily Std Dev | 65.90% | 44.55% |
| Max Drawdown | -83.11% | -93.07% |
| Current Drawdown | -6.26% | 0.00% |
Correlation
The correlation between BITS and BTC-USD is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITS vs. BTC-USD - Performance Comparison
In the year-to-date period, BITS achieves a 73.06% return, which is significantly lower than BTC-USD's 114.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
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 -93.07%. Use the drawdown chart below to compare losses from any high point for BITS and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BITS vs. BTC-USD - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 23.46% compared to Bitcoin (BTC-USD) at 15.70%. 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.