BITSX vs. BITX
BITSX (iShares Total U.S. Stock Market Index Fund) and BITX (2x Bitcoin Strategy ETF) are both funds - BITSX is a Large Cap Blend Equities fund managed by BlackRock, while BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). Over the past year, BITSX returned 22.40% vs -77.36% for BITX. At a 0.38 correlation, their price movements are largely independent. BITSX charges 0.08%/yr vs 2.38%/yr for BITX.
Performance
BITSX vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, BITSX achieves a 8.62% return, which is significantly higher than BITX's -60.88% return.
BITSX
- 1D
- -1.32%
- 1M
- -0.85%
- YTD
- 8.62%
- 6M
- 7.17%
- 1Y
- 22.40%
- 3Y*
- 20.54%
- 5Y*
- 11.96%
- 10Y*
- 15.11%
BITX
- 1D
- -7.86%
- 1M
- -39.39%
- YTD
- -60.88%
- 6M
- -60.78%
- 1Y
- -77.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITSX vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITSX iShares Total U.S. Stock Market Index Fund | 8.62% | 17.10% | 23.79% | 11.64% |
BITX 2x Bitcoin Strategy ETF | -60.88% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between BITSX and BITX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.38 |
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Return for Risk
BITSX vs. BITX — Risk / Return Rank
BITSX
BITX
BITSX vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Total U.S. Stock Market Index Fund (BITSX) and 2x Bitcoin Strategy ETF (BITX). 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.
| BITSX | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +4.22 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.82 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | -0.94 | +3.63 |
| Martin ratioReturn relative to average drawdown | 11.99 | -1.45 | +13.44 |
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Drawdowns
BITSX vs. BITX - Drawdown Comparison
The maximum BITSX drawdown since its inception was -34.97%, smaller than the maximum BITX drawdown of -82.71%. Use the drawdown chart below to compare losses from any high point for BITSX and BITX.
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Drawdown Indicators
| BITSX | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.97% | -82.71% | +47.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -82.71% | +73.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | — | — |
Current DrawdownCurrent decline from peak | -2.77% | -82.71% | +79.94% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -32.57% | +28.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 53.48% | -51.49% |
Volatility
BITSX vs. BITX - Volatility Comparison
The current volatility for iShares Total U.S. Stock Market Index Fund (BITSX) is 4.88%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 26.63%. This indicates that BITSX experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITSX | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 26.63% | -21.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 69.36% | -59.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 88.22% | -75.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 98.22% | -80.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 98.22% | -79.79% |
BITSX vs. BITX - Expense Ratio Comparison
BITSX has a 0.08% expense ratio, which is lower than BITX's 2.38% expense ratio.
Dividends
BITSX vs. BITX - Dividend Comparison
BITSX's dividend yield for the trailing twelve months is around 1.04%, less than BITX's 40.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BITSX iShares Total U.S. Stock Market Index Fund | 1.04% | 1.10% | 1.24% | 1.42% | 1.59% | 1.53% | 1.47% | 2.11% | 2.44% | 2.14% | 1.51% |
BITX 2x Bitcoin Strategy ETF | 40.74% | 21.69% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITSX and BITX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (26.63%) compared to BITSX (4.88%). In terms of maximum drawdown, BITSX dropped -34.97% vs BITX's -82.71%.
BITSX currently has the higher Sharpe Ratio (1.87 vs -0.88), 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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