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BITS vs. COIN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BITS vs. COIN

Last updated May 14, 2025

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.

Correlation

The correlation between BITS and COIN is 0.54, 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. COIN - Performance Comparison

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

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Key characteristics

Sharpe Ratio

BITS:

0.64

COIN:

0.34

Sortino Ratio

BITS:

1.27

COIN:

1.06

Omega Ratio

BITS:

1.14

COIN:

1.12

Calmar Ratio

BITS:

0.83

COIN:

0.38

Martin Ratio

BITS:

1.90

COIN:

0.79

Ulcer Index

BITS:

19.52%

COIN:

28.02%

Daily Std Dev

BITS:

61.68%

COIN:

86.33%

Max Drawdown

BITS:

-83.11%

COIN:

-90.90%

Current Drawdown

BITS:

-19.37%

COIN:

-28.12%

Returns By Period

In the year-to-date period, BITS achieves a -1.35% return, which is significantly lower than COIN's 3.46% return.

BITS

YTD

-1.35%

1M

29.61%

6M

-11.89%

1Y

38.92%

5Y*

N/A

10Y*

N/A

COIN

YTD

3.46%

1M

46.38%

6M

-19.50%

1Y

28.77%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

BITS vs. COIN — 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 6464
Overall Rank
The Sharpe Ratio Rank of BITS is 6060
Sharpe Ratio Rank
The Sortino Ratio Rank of BITS is 7373
Sortino Ratio Rank
The Omega Ratio Rank of BITS is 6161
Omega Ratio Rank
The Calmar Ratio Rank of BITS is 7575
Calmar Ratio Rank
The Martin Ratio Rank of BITS is 5252
Martin Ratio Rank
COIN
The Risk-Adjusted Performance Rank of COIN is 6464
Overall Rank
The Sharpe Ratio Rank of COIN is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of COIN is 6767
Sortino Ratio Rank
The Omega Ratio Rank of COIN is 6262
Omega Ratio Rank
The Calmar Ratio Rank of COIN is 6868
Calmar Ratio Rank
The Martin Ratio Rank of COIN is 6161
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. 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.

The current BITS Sharpe Ratio is 0.64, which is higher than the COIN Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of BITS and COIN, 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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Dividends

BITS vs. COIN - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 29.89%, while COIN has not paid dividends to shareholders.

TTM2024202320222021
BITS
Global X Blockchain & Bitcoin Strategy ETF		29.89%29.49%13.69%0.48%1.90%
COIN
Coinbase Global, Inc.		0.00%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.

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Volatility

BITS vs. COIN - Volatility Comparison

The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 11.93%, while Coinbase Global, Inc. (COIN) has a volatility of 24.55%. 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.

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