BITS vs. COIN
BITS (Global X Blockchain & Bitcoin Strategy ETF) is Cryptocurrency fund tracking the NONE, while COIN (Coinbase Global, Inc.) is a stock. Over the past 3 years, BITS returned 39.60%/yr vs 32.02%/yr for COIN. A 0.80 correlation means they provide meaningful diversification when combined.
Performance
BITS vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, BITS achieves a -7.46% return, which is significantly higher than COIN's -36.98% return.
BITS
- 1D
- -1.72%
- 1M
- -16.55%
- YTD
- -7.46%
- 6M
- -10.76%
- 1Y
- 2.07%
- 3Y*
- 39.60%
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- -5.06%
- 1M
- -20.83%
- YTD
- -36.98%
- 6M
- -40.55%
- 1Y
- -59.90%
- 3Y*
- 32.02%
- 5Y*
- -8.69%
- 10Y*
- —
BITS vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | -7.46% | 14.90% | 61.84% | 212.23% | -75.46% | -28.96% |
COIN Coinbase Global, Inc. | -36.98% | -8.92% | 42.77% | 391.44% | -85.98% | -26.93% |
Correlation
The correlation between BITS and COIN is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.80 |
The correlation between BITS and COIN has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
BITS vs. COIN — Risk / Return Rank
BITS
COIN
BITS vs. COIN - Risk-Adjusted Trends 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.
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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.84 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | -0.90 | +0.95 |
| Martin ratioReturn relative to average drawdown | 0.08 | -1.41 | +1.49 |
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Drawdowns
BITS vs. COIN - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, smaller than the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for BITS and COIN.
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Drawdown Indicators
| BITS | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -91.46% | +8.35% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -66.39% | +18.01% |
Max Drawdown (3Y)Largest decline over 3 years | -48.38% | -66.39% | +18.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.90% | — |
Current DrawdownCurrent decline from peak | -39.08% | -66.05% | +26.97% |
Average DrawdownAverage peak-to-trough decline | -42.62% | -52.65% | +10.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.04% | 42.46% | -15.42% |
Volatility
BITS vs. COIN - Volatility Comparison
The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 15.20%, while Coinbase Global, Inc. (COIN) has a volatility of 18.98%. 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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Volatility by Period
| BITS | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.20% | 18.98% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 40.89% | 52.25% | -11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.20% | 67.62% | -14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.86% | 86.04% | -25.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.86% | 85.36% | -24.50% |
Dividends
BITS vs. COIN - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 24.63%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 24.63% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITS and COIN have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (18.98%) compared to BITS (15.20%). In terms of maximum drawdown, BITS dropped -83.11% vs COIN's -91.46%.
BITS currently has the higher Sharpe Ratio (0.04 vs -0.89), 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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