BITX vs. BITSX
BITX (2x Bitcoin Strategy ETF) and BITSX (iShares Total U.S. Stock Market Index Fund) are both funds - BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%), while BITSX is a Large Cap Blend Equities fund managed by BlackRock. Over the past year, BITX returned -74.00% vs 27.66% for BITSX. At a 0.38 correlation, their price movements are largely independent. BITX charges 2.38%/yr vs 0.08%/yr for BITSX.
Performance
BITX vs. BITSX - Performance Comparison
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Returns By Period
In the year-to-date period, BITX achieves a -54.95% return, which is significantly lower than BITSX's 10.88% return.
BITX
- 1D
- -5.55%
- 1M
- -40.63%
- YTD
- -54.95%
- 6M
- -60.56%
- 1Y
- -74.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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 vs. BITSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | -54.95% | -38.71% | 163.41% | 47.23% |
BITSX iShares Total U.S. Stock Market Index Fund | 10.88% | 17.10% | 23.79% | 10.31% |
Correlation
The correlation between BITX and BITSX 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 BITX and BITSX 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
BITX vs. BITSX — Risk / Return Rank
BITX
BITSX
BITX vs. BITSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Bitcoin Strategy ETF (BITX) and iShares Total U.S. Stock Market Index Fund (BITSX). 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 | BITSX | 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 | 0.83 | 1.41 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 3.13 | -4.06 |
| Martin ratioReturn relative to average drawdown | -1.47 | 14.38 | -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
| BITX | BITSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | 2.28 | -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 | 0.02 | 0.82 | -0.80 |
Drawdowns
BITX vs. BITSX - Drawdown Comparison
The maximum BITX drawdown since its inception was -80.09%, which is greater than BITSX's maximum drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for BITX and BITSX.
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Drawdown Indicators
| BITX | BITSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.09% | -34.97% | -45.12% |
Max Drawdown (1Y)Largest decline over 1 year | -80.09% | -8.87% | -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 | -80.09% | -0.75% | -79.34% |
Average DrawdownAverage peak-to-trough decline | -31.77% | -4.54% | -27.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.28% | 1.93% | +48.35% |
Volatility
BITX vs. BITSX - Volatility Comparison
2x Bitcoin Strategy ETF (BITX) has a higher volatility of 18.52% compared to iShares Total U.S. Stock Market Index Fund (BITSX) at 3.05%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than BITSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITX | BITSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.52% | 3.05% | +15.47% |
Volatility (6M)Calculated over the trailing 6-month period | 68.11% | 9.16% | +58.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.90% | 12.20% | +74.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.26% | 17.39% | +80.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.26% | 18.42% | +79.84% |
BITX vs. BITSX - Expense Ratio Comparison
BITX has a 2.38% expense ratio, which is higher than BITSX's 0.08% expense ratio.
Dividends
BITX vs. BITSX - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 35.20%, more than BITSX's 1.02% 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
BITX and BITSX 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, BITX dropped -80.09% vs BITSX's -34.97%.
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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