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 27.66% vs -74.00% 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 10.88% return, which is significantly higher than BITX's -54.95% return.
BITSX
- 1D
- -0.75%
- 1M
- 4.00%
- YTD
- 10.88%
- 6M
- 10.60%
- 1Y
- 27.66%
- 3Y*
- 21.94%
- 5Y*
- 12.72%
- 10Y*
- 15.00%
BITX
- 1D
- -5.55%
- 1M
- -40.63%
- YTD
- -54.95%
- 6M
- -60.56%
- 1Y
- -74.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITSX vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITSX iShares Total U.S. Stock Market Index Fund | 10.88% | 17.10% | 23.79% | 10.31% |
BITX 2x Bitcoin Strategy ETF | -54.95% | -38.71% | 163.41% | 47.23% |
Correlation
The correlation between BITSX and BITX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.38 |
The correlation between BITSX and BITX shifts across timeframes, from 0.38 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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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.
| BITSX | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.62 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.83 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | -0.93 | +4.06 |
| Martin ratioReturn relative to average drawdown | 14.38 | -1.47 | +15.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITSX | BITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | -0.85 | +3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.02 | +0.80 |
Drawdowns
BITSX vs. BITX - Drawdown Comparison
The maximum BITSX drawdown since its inception was -34.97%, smaller than the maximum BITX drawdown of -80.09%. 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% | -80.09% | +45.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -80.09% | +71.22% |
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 | -0.75% | -80.09% | +79.34% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -31.77% | +27.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 50.28% | -48.35% |
Volatility
BITSX vs. BITX - Volatility Comparison
The current volatility for iShares Total U.S. Stock Market Index Fund (BITSX) is 3.05%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 18.52%. 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 | 3.05% | 18.52% | -15.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.16% | 68.11% | -58.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 86.90% | -74.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 98.26% | -80.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 98.26% | -79.84% |
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 1.02%, less than BITX's 35.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BITSX iShares Total U.S. Stock Market Index Fund | 1.02% | 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 | 35.20% | 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 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (18.52%) compared to BITSX (3.05%). In terms of maximum drawdown, BITSX dropped -34.97% vs BITX's -80.09%.
BITSX currently has the higher Sharpe Ratio (2.28 vs -0.85), 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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