BITS vs. VOO
Compare and contrast key facts about Global X Blockchain & Bitcoin Strategy ETF (BITS) and Vanguard S&P 500 ETF (VOO).
BITS and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both BITS and VOO 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 VOO.
Key characteristics
| BITS | VOO | |
|---|---|---|
| YTD Return | 73.06% | 26.94% |
| 1Y Return | 163.28% | 35.06% |
| Sharpe Ratio | 2.43 | 3.08 |
| Sortino Ratio | 2.98 | 4.09 |
| Omega Ratio | 1.33 | 1.58 |
| Calmar Ratio | 2.48 | 4.46 |
| Martin Ratio | 11.42 | 20.36 |
| Ulcer Index | 13.99% | 1.85% |
| Daily Std Dev | 65.90% | 12.23% |
| Max Drawdown | -83.11% | -33.99% |
| Current Drawdown | -6.26% | -0.25% |
Correlation
The correlation between BITS and VOO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITS vs. VOO - Performance Comparison
In the year-to-date period, BITS achieves a 73.06% return, which is significantly higher than VOO's 26.94% 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. VOO - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
BITS vs. VOO - Risk-Adjusted Performance 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.
Dividends
BITS vs. VOO - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 8.12%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 8.12% | 13.69% | 0.48% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
BITS vs. VOO - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 23.37% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. 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.