BITS vs. BTC-USD
BITS (Global X Blockchain & Bitcoin Strategy ETF) is Cryptocurrency fund tracking the NONE, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, BITS returned 48.96%/yr vs 32.86%/yr for BTC-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
BITS vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BITS achieves a 1.58% return, which is significantly higher than BTC-USD's -28.06% return.
BITS
- 1D
- 0.50%
- 1M
- -4.26%
- YTD
- 1.58%
- 6M
- 2.75%
- 1Y
- 16.56%
- 3Y*
- 48.96%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -2.33%
- 1M
- -18.01%
- YTD
- -28.06%
- 6M
- -26.35%
- 1Y
- -40.01%
- 3Y*
- 32.86%
- 5Y*
- 12.15%
- 10Y*
- 56.74%
BITS vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 1.58% | 14.90% | 61.84% | 212.23% | -75.46% | -28.96% |
BTC-USD Bitcoin | -28.06% | -6.27% | 120.76% | 155.82% | -64.23% | -27.37% |
Correlation
The correlation between BITS and BTC-USD is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.63 |
The correlation between BITS and BTC-USD has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
BITS vs. BTC-USD — Risk / Return Rank
BITS
BTC-USD
BITS vs. BTC-USD - Risk-Adjusted Trends 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.
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.
| BITS | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.87 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | -0.78 | +1.12 |
| Martin ratioReturn relative to average drawdown | 0.62 | -1.34 | +1.96 |
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Drawdowns
BITS vs. BTC-USD - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BITS and BTC-USD.
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Drawdown Indicators
| BITS | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -85.30% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -51.21% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -48.38% | -51.21% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -33.12% | -49.53% | +16.41% |
Average DrawdownAverage peak-to-trough decline | -42.64% | -42.41% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.65% | 31.06% | -4.41% |
Volatility
BITS vs. BTC-USD - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 15.01% compared to Bitcoin (BTC-USD) at 12.34%. 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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Volatility by Period
| BITS | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.01% | 12.34% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 41.00% | 34.61% | +6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.15% | 35.65% | +17.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.90% | 44.48% | +16.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.90% | 56.55% | +4.35% |
Frequently Asked Questions
BITS and BTC-USD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITS has higher volatility (15.01%) compared to BTC-USD (12.34%). In terms of maximum drawdown, BITS dropped -83.11% vs BTC-USD's -85.30%.
BITS currently has the higher Sharpe Ratio (0.31 vs -0.93), 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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