BITS vs. VOO
BITS (Global X Blockchain & Bitcoin Strategy ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, BITS returned 31.46%/yr vs 19.42%/yr for VOO. Their 0.55 correlation means they have sometimes moved together and sometimes differently. BITS charges 0.65%/yr vs 0.03%/yr for VOO.
Performance
BITS vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, BITS achieves a -11.24% return, which is significantly lower than VOO's 10.16% return.
BITS
- 1D
- -3.36%
- 1M
- -0.63%
- 6M
- -14.68%
- YTD
- -11.24%
- 1Y
- -9.04%
- 3Y*
- 31.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.25%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.94K | $81.82K | $170.18K | |
| $3.82B | $3.78B | $5.44B |
BITS vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | -11.24% | 14.90% | 61.84% | 212.23% | -75.46% | -28.96% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 1.95% |
Correlation
The correlation between BITS and VOO is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.55 |
The correlation between BITS and VOO has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
BITS vs. VOO — Risk / Return Rank
BITS
VOO
BITS vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 2.21 | -2.51 |
| Martin ratioReturn relative to average drawdown | -0.49 | 9.44 | -9.93 |
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Drawdowns
BITS vs. VOO - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BITS and VOO.
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Drawdown Indicators
| BITS | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -33.99% | -49.12% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -8.90% | -39.48% |
Max Drawdown (3Y)Largest decline over 3 years | -48.38% | -18.69% | -29.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -41.56% | -1.38% | -40.18% |
Average DrawdownAverage peak-to-trough decline | -42.56% | -3.67% | -38.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.76% | 2.08% | +27.68% |
Volatility
BITS vs. VOO - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 14.95% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that BITS's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITS | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.95% | 3.54% | +11.41% |
Volatility (6M)Calculated over the trailing 6-month period | 40.75% | 10.10% | +30.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.36% | 12.82% | +41.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.62% | 16.93% | +43.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.62% | 18.01% | +42.61% |
BITS vs. VOO - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
BITS vs. VOO - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 25.64%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 25.64% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
BITS and VOO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITS has higher volatility (14.95%) compared to VOO (3.54%). In terms of maximum drawdown, BITS dropped -83.11% vs VOO's -33.99%.
On 3-year performance, BITS leads with 31.46% vs 19.42% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITS has performed better with a 31.46% return vs 19.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.65% for BITS.
BITS has the higher dividend yield at 25.64%, compared with 1.07% for VOO.
BITS is categorized as Cryptocurrency, while VOO is S&P 500. BITS tracks NONE, while VOO tracks S&P 500 Index. They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.65% for BITS and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.27), 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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