BITX vs. BBAI
BITX (2x Bitcoin Strategy ETF) is Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%), while BBAI (BigBear.ai Holdings, Inc.) is a stock. Over the past year, BITX returned -73.21% vs 27.44% for BBAI. At a 0.31 correlation, their price movements are largely independent.
Performance
BITX vs. BBAI - Performance Comparison
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Returns By Period
In the year-to-date period, BITX achieves a -52.31% return, which is significantly lower than BBAI's -10.56% return.
BITX
- 1D
- -5.39%
- 1M
- -34.65%
- YTD
- -52.31%
- 6M
- -58.66%
- 1Y
- -73.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBAI
- 1D
- -5.48%
- 1M
- 15.83%
- YTD
- -10.56%
- 6M
- -20.82%
- 1Y
- 27.44%
- 3Y*
- 33.72%
- 5Y*
- —
- 10Y*
- —
BITX vs. BBAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | -52.31% | -38.71% | 163.41% | 47.23% |
BBAI BigBear.ai Holdings, Inc. | -10.56% | 21.35% | 107.94% | -10.08% |
Correlation
The correlation between BITX and BBAI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.31 |
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Return for Risk
BITX vs. BBAI — Risk / Return Rank
BITX
BBAI
BITX vs. BBAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Bitcoin Strategy ETF (BITX) and BigBear.ai Holdings, Inc. (BBAI). 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.
| BITX | BBAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.13 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 0.42 | -1.35 |
| Martin ratioReturn relative to average drawdown | -1.46 | 0.72 | -2.18 |
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
| BITX | BBAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | 0.28 | -1.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.07 | +0.12 |
Drawdowns
BITX vs. BBAI - Drawdown Comparison
The maximum BITX drawdown since its inception was -78.92%, smaller than the maximum BBAI drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for BITX and BBAI.
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Drawdown Indicators
| BITX | BBAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.92% | -95.01% | +16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -78.92% | -65.88% | -13.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -75.56% | — |
Current DrawdownCurrent decline from peak | -78.92% | -61.94% | -16.98% |
Average DrawdownAverage peak-to-trough decline | -31.70% | -70.89% | +39.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.03% | 38.34% | +11.69% |
Volatility
BITX vs. BBAI - Volatility Comparison
The current volatility for 2x Bitcoin Strategy ETF (BITX) is 19.24%, while BigBear.ai Holdings, Inc. (BBAI) has a volatility of 21.79%. This indicates that BITX experiences smaller price fluctuations and is considered to be less risky than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITX | BBAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.24% | 21.79% | -2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 69.07% | 57.08% | +11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.83% | 97.66% | -10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.27% | 175.05% | -76.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.27% | 175.05% | -76.78% |
Dividends
BITX vs. BBAI - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 33.24%, while BBAI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | 0.00% | 0.00% | 0.00% |
BITX 2x Bitcoin Strategy ETF | 33.24% | 21.69% | 10.70% |
Frequently Asked Questions
BITX and BBAI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBAI has higher volatility (21.79%) compared to BITX (19.24%). In terms of maximum drawdown, BITX dropped -78.92% vs BBAI's -95.01%.
BBAI currently has the higher Sharpe Ratio (0.28 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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