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 31.46%/yr vs 29.12%/yr for BTC-USD. Their 0.63 correlation means they have sometimes moved together and sometimes differently.
Performance
BITS vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BITS achieves a -11.24% return, which is significantly higher than BTC-USD's -28.25% return.
BITS
- 1D
- -3.36%
- 1M
- -0.63%
- 6M
- -14.68%
- YTD
- -11.24%
- 1Y
- -9.04%
- 3Y*
- 31.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.25%
BTC-USD
- 1D
- -0.07%
- 1M
- 2.11%
- 6M
- -20.17%
- YTD
- -28.25%
- 1Y
- -44.56%
- 3Y*
- 29.12%
- 5Y*
- 9.91%
- 10Y*
- 59.93%
- ALL TIME*
- 87.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.94K | $81.82K | $170.18K | |
BTC-USD Bitcoin | $1567.39T | $1617.70T | $2123.65T |
BITS vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | -11.24% | 14.90% | 61.84% | 212.23% | -75.46% | -28.96% |
BTC-USD Bitcoin | -28.25% | -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 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
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 0.64 - 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 | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.85 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | -0.84 | +0.54 |
| Martin ratioReturn relative to average drawdown | -0.49 | -1.29 | +0.80 |
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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% | -53.08% | +4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -48.38% | -53.08% | +4.70% |
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 | -41.56% | -49.66% | +8.10% |
Average DrawdownAverage peak-to-trough decline | -42.56% | -42.72% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.76% | 24.84% | +4.92% |
Volatility
BITS vs. BTC-USD - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 14.95% compared to Bitcoin (BTC-USD) at 8.58%. 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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Volatility by Period
| BITS | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.95% | 8.58% | +6.37% |
Volatility (6M)Calculated over the trailing 6-month period | 40.75% | 33.78% | +6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.36% | 35.90% | +18.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.62% | 43.65% | +16.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.62% | 56.25% | +4.37% |
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 (14.95%) compared to BTC-USD (8.58%). In terms of maximum drawdown, BITS dropped -83.11% vs BTC-USD's -85.30%.
BITS currently has the higher Sharpe Ratio (-0.27 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.
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