BITS vs. COIN
Compare and contrast key facts about Global X Blockchain & Bitcoin Strategy ETF (BITS) and Coinbase Global, Inc. (COIN).
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 COIN.
Key characteristics
| BITS | COIN | |
|---|---|---|
| YTD Return | 73.06% | 63.71% |
| 1Y Return | 163.28% | 209.18% |
| Sharpe Ratio | 2.43 | 2.41 |
| Sortino Ratio | 2.98 | 2.99 |
| Omega Ratio | 1.33 | 1.34 |
| Calmar Ratio | 2.48 | 2.79 |
| Martin Ratio | 11.42 | 9.00 |
| Ulcer Index | 13.99% | 23.05% |
| Daily Std Dev | 65.90% | 85.95% |
| Max Drawdown | -83.11% | -90.90% |
| Current Drawdown | -6.26% | -20.33% |
Correlation
The correlation between BITS and COIN is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITS vs. COIN - Performance Comparison
In the year-to-date period, BITS achieves a 73.06% return, which is significantly higher than COIN's 63.71% 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. COIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Coinbase Global, Inc. (COIN). 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.
Dividends
BITS vs. COIN - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 8.12%, while COIN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 8.12% | 13.69% | 0.48% | 1.90% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BITS vs. COIN - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for BITS and COIN. For additional features, visit the drawdowns tool.
Volatility
BITS vs. COIN - Volatility Comparison
The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 23.37%, while Coinbase Global, Inc. (COIN) has a volatility of 42.15%. This indicates that BITS experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.