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 29.68%/yr vs 14.53%/yr for COIN. A 0.79 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 -12.17% return, which is significantly higher than COIN's -30.52% return.
BITS
- 1D
- -0.74%
- 1M
- -13.10%
- 6M
- -26.43%
- YTD
- -12.17%
- 1Y
- -19.26%
- 3Y*
- 29.68%
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- -2.10%
- 1M
- -4.73%
- 6M
- -34.85%
- YTD
- -30.52%
- 1Y
- -61.75%
- 3Y*
- 14.53%
- 5Y*
- -6.93%
- 10Y*
- —
BITS vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | -12.17% | 14.90% | 61.84% | 212.23% | -75.46% | -28.96% |
COIN Coinbase Global, Inc. | -30.52% | -8.92% | 42.77% | 391.44% | -85.98% | -26.93% |
Correlation
The correlation between BITS and COIN is 0.76, 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 | 0.76 |
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 | 0.79 |
The correlation between BITS and COIN has been stable across timeframes, ranging from 0.76 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 | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.83 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.93 | +0.53 |
| Martin ratioReturn relative to average drawdown | -0.67 | -1.37 | +0.70 |
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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 | -42.18% | -62.57% | +20.39% |
Average DrawdownAverage peak-to-trough decline | -42.59% | -52.76% | +10.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.75% | 45.07% | -16.32% |
Volatility
BITS vs. COIN - Volatility Comparison
The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 10.82%, while Coinbase Global, Inc. (COIN) has a volatility of 16.67%. 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 | 10.82% | 16.67% | -5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 40.42% | 52.94% | -12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.19% | 67.68% | -14.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.62% | 85.94% | -25.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.62% | 85.09% | -24.47% |
Dividends
BITS vs. COIN - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 25.91%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 25.91% | 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 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (16.67%) compared to BITS (10.82%). In terms of maximum drawdown, BITS dropped -83.11% vs COIN's -91.46%.
BITS currently has the higher Sharpe Ratio (-0.36 vs -0.92), 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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