BITS vs. HOOD
BITS (Global X Blockchain & Bitcoin Strategy ETF) is Cryptocurrency fund tracking the NONE, while HOOD (Robinhood Markets, Inc.) is a stock. Over the past 3 years, BITS returned 50.12%/yr vs 113.32%/yr for HOOD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
BITS vs. HOOD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BITS achieves a -0.50% return, which is significantly higher than HOOD's -17.60% return.
BITS
- 1D
- 0.76%
- 1M
- -11.98%
- YTD
- -0.50%
- 6M
- -7.43%
- 1Y
- 10.25%
- 3Y*
- 50.12%
- 5Y*
- —
- 10Y*
- —
HOOD
- 1D
- 1.04%
- 1M
- 21.42%
- YTD
- -17.60%
- 6M
- -22.02%
- 1Y
- 26.21%
- 3Y*
- 113.32%
- 5Y*
- —
- 10Y*
- —
BITS vs. HOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | -0.50% | 14.90% | 61.84% | 212.23% | -75.46% | -28.96% |
HOOD Robinhood Markets, Inc. | -17.60% | 203.54% | 192.46% | 56.51% | -54.17% | -49.20% |
Correlation
The correlation between BITS and HOOD is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.60 |
The correlation between BITS and HOOD has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BITS vs. HOOD — Risk / Return Rank
BITS
HOOD
BITS vs. HOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Robinhood Markets, Inc. (HOOD). 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 | HOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.12 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.46 | -0.25 |
| Martin ratioReturn relative to average drawdown | 0.39 | 0.83 | -0.44 |
Loading charts...
Drawdowns
BITS vs. HOOD - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, smaller than the maximum HOOD drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for BITS and HOOD.
Loading charts...
Drawdown Indicators
| BITS | HOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -90.21% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -57.26% | +8.88% |
Max Drawdown (3Y)Largest decline over 3 years | -48.38% | -57.26% | +8.88% |
Current DrawdownCurrent decline from peak | -34.49% | -38.88% | +4.39% |
Average DrawdownAverage peak-to-trough decline | -42.68% | -60.85% | +18.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.34% | 31.69% | -5.35% |
Volatility
BITS vs. HOOD - Volatility Comparison
The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 15.40%, while Robinhood Markets, Inc. (HOOD) has a volatility of 23.07%. This indicates that BITS experiences smaller price fluctuations and is considered to be less risky than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITS | HOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.40% | 23.07% | -7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 41.68% | 50.85% | -9.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.37% | 69.33% | -15.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.96% | 74.06% | -13.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.96% | 74.06% | -13.10% |
Dividends
BITS vs. HOOD - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 22.91%, while HOOD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 22.91% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
HOOD Robinhood Markets, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITS and HOOD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOD has higher volatility (23.07%) compared to BITS (15.40%). In terms of maximum drawdown, BITS dropped -83.11% vs HOOD's -90.21%.
HOOD currently has the higher Sharpe Ratio (0.38 vs 0.19), 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.
Find the right allocation for BITS and HOOD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer