BITS vs. VNQ
Compare and contrast key facts about Global X Blockchain & Bitcoin Strategy ETF (BITS) and Vanguard Real Estate ETF (VNQ).
BITS and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITS is a passively managed fund by Global X that tracks the performance of the NONE. It was launched on Nov 15, 2021. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both BITS and VNQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITS or VNQ.
Key characteristics
| BITS | VNQ | |
|---|---|---|
| YTD Return | 57.36% | 11.73% |
| 1Y Return | 131.39% | 33.45% |
| Sharpe Ratio | 2.14 | 1.83 |
| Sortino Ratio | 2.73 | 2.62 |
| Omega Ratio | 1.31 | 1.33 |
| Calmar Ratio | 2.13 | 1.01 |
| Martin Ratio | 9.82 | 7.04 |
| Ulcer Index | 13.99% | 4.45% |
| Daily Std Dev | 64.27% | 17.13% |
| Max Drawdown | -83.11% | -73.07% |
| Current Drawdown | -14.76% | -7.83% |
Correlation
The correlation between BITS and VNQ is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITS vs. VNQ - Performance Comparison
In the year-to-date period, BITS achieves a 57.36% return, which is significantly higher than VNQ's 11.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BITS vs. VNQ - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
BITS vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Vanguard Real Estate ETF (VNQ). 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.
Dividends
BITS vs. VNQ - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 8.93%, more than VNQ's 3.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 8.93% | 13.69% | 0.48% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.80% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
BITS vs. VNQ - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, which is greater than VNQ's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for BITS and VNQ. For additional features, visit the drawdowns tool.
Volatility
BITS vs. VNQ - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 19.49% compared to Vanguard Real Estate ETF (VNQ) at 5.30%. This indicates that BITS's price experiences larger fluctuations and is considered to be riskier than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.