BITS vs. GOOG

Last updated Jun 9, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) is Cryptocurrency fund tracking the NONE, while GOOG (Alphabet Inc) is a stock. Over the past 3 years, BITS returned 50.50%/yr vs 43.67%/yr for GOOG. At a 0.42 correlation, their price movements are largely independent.

Performance

BITS vs. GOOG - Performance Comparison

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

Returns By Period

In the year-to-date period, BITS achieves a -0.68% return, which is significantly lower than GOOG's 15.25% return.

BITS

• 1D: 5.87%
• 1M: -11.72%
• YTD: -0.68%
• 6M: -10.46%
• 1Y: 10.83%
• 3Y*: 50.50%
• 5Y*: —
• 10Y*: —

GOOG

• 1D: -1.20%
• 1M: -8.98%
• YTD: 15.25%
• 6M: 15.01%
• 1Y: 107.32%
• 3Y*: 43.67%
• 5Y*: 23.94%
• 10Y*: 26.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITS vs. GOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	-0.68%	14.90%	61.84%	212.23%	-75.46%	-28.96%
GOOG Alphabet Inc	15.25%	65.42%	35.62%	58.83%	-38.67%	-3.15%

Correlation

The correlation between BITS and GOOG is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.42

The correlation between BITS and GOOG shifts across timeframes, from 0.31 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BITS vs. GOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITS

BITS Risk / Return Rank: 13
BITS Sharpe Ratio Rank: 13
BITS Sortino Ratio Rank: 15
BITS Omega Ratio Rank: 15
BITS Calmar Ratio Rank: 12
BITS Martin Ratio Rank: 11

GOOG

GOOG Risk / Return Rank: 96
GOOG Sharpe Ratio Rank: 97
GOOG Sortino Ratio Rank: 98
GOOG Omega Ratio Rank: 96
GOOG Calmar Ratio Rank: 93
GOOG Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITS vs. GOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Alphabet Inc (GOOG). 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.

	BITS	GOOG	Difference
Sharpe ratio: Return per unit of total volatility	0.20	3.76	-3.56
Sortino ratio: Return per unit of downside risk	0.65	5.15	-4.50
Omega ratio: Gain probability vs. loss probability	1.08	1.61	-0.54
Calmar ratio: Return relative to maximum drawdown	0.22	5.20	-4.98
Martin ratio: Return relative to average drawdown	0.42	18.68	-18.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITS vs. GOOG - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is 0.20, which is lower than the GOOG Sharpe Ratio of 3.76. The chart below compares the historical Sharpe Ratios of BITS and GOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITS	GOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	3.76	-3.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.82	-0.82

Drawdowns

BITS vs. GOOG - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for BITS and GOOG.

Drawdown Indicators

	BITS	GOOG	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-44.60%	-38.51%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-20.75%	-27.63%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	-29.35%	-19.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.60%	—
Current Drawdown Current decline from peak	-34.61%	-9.44%	-25.17%
Average Drawdown Average peak-to-trough decline	-42.74%	-8.89%	-33.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.96%	5.77%	+20.19%

Volatility

BITS vs. GOOG - Volatility Comparison

Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 14.47% compared to Alphabet Inc (GOOG) at 8.43%. This indicates that BITS's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITS	GOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	8.43%	+6.04%
Volatility (6M) Calculated over the trailing 6-month period	41.52%	20.50%	+21.02%
Volatility (1Y) Calculated over the trailing 1-year period	53.19%	28.74%	+24.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.02%	31.14%	+29.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.02%	29.02%	+32.00%

Dividends

BITS vs. GOOG - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 22.95%, more than GOOG's 0.29% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	22.95%	22.80%	29.49%	13.69%	0.48%	1.90%
GOOG Alphabet Inc	0.29%	0.26%	0.32%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BITS and GOOG in my portfolio?

BITS and GOOG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITS or GOOG?

BITS has higher volatility (14.47%) compared to GOOG (8.43%). In terms of maximum drawdown, BITS dropped -83.11% vs GOOG's -44.60%.

Which has better risk-adjusted returns?

GOOG currently has the higher Sharpe Ratio (3.76 vs 0.20), 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.