BITSX vs. GBTC
Compare and contrast key facts about iShares Total U.S. Stock Market Index Fund (BITSX) and Grayscale Bitcoin Trust (BTC) (GBTC).
BITSX is managed by Blackrock. It was launched on Aug 13, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITSX or GBTC.
Key characteristics
| BITSX | GBTC | |
|---|---|---|
| YTD Return | 5.94% | 46.27% |
| 1Y Return | 25.52% | 212.40% |
| 3Y Return (Ann) | 6.55% | 2.63% |
| 5Y Return (Ann) | 12.58% | 47.35% |
| Sharpe Ratio | 2.04 | 3.90 |
| Daily Std Dev | 12.13% | 59.51% |
| Max Drawdown | -34.97% | -89.91% |
| Current Drawdown | -3.67% | -22.78% |
Correlation
The correlation between BITSX and GBTC is 0.24, 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
BITSX vs. GBTC - Performance Comparison
In the year-to-date period, BITSX achieves a 5.94% return, which is significantly lower than GBTC's 46.27% 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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Risk-Adjusted Performance
BITSX vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Total U.S. Stock Market Index Fund (BITSX) and Grayscale Bitcoin Trust (BTC) (GBTC). 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
BITSX vs. GBTC - Dividend Comparison
BITSX's dividend yield for the trailing twelve months is around 1.33%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BITSX iShares Total U.S. Stock Market Index Fund | 1.33% | 1.42% | 1.59% | 1.53% | 1.47% | 2.11% | 2.44% | 2.14% | 1.51% | 0.25% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% |
Drawdowns
BITSX vs. GBTC - Drawdown Comparison
The maximum BITSX drawdown since its inception was -34.97%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BITSX and GBTC. For additional features, visit the drawdowns tool.
Volatility
BITSX vs. GBTC - Volatility Comparison
The current volatility for iShares Total U.S. Stock Market Index Fund (BITSX) is 4.17%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 15.95%. This indicates that BITSX experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.