BITX vs. BTC-USD
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Bitcoin (BTC-USD).
BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITX or BTC-USD.
Key characteristics
| BITX | BTC-USD | |
|---|---|---|
| YTD Return | 173.81% | 115.46% |
| 1Y Return | 244.30% | 151.88% |
| Sharpe Ratio | 1.85 | 0.95 |
| Sortino Ratio | 2.52 | 1.65 |
| Omega Ratio | 1.29 | 1.16 |
| Calmar Ratio | 3.47 | 0.78 |
| Martin Ratio | 6.54 | 3.92 |
| Ulcer Index | 32.50% | 13.19% |
| Daily Std Dev | 114.71% | 44.42% |
| Max Drawdown | -61.28% | -93.07% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BITX and BTC-USD is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITX vs. BTC-USD - Performance Comparison
In the year-to-date period, BITX achieves a 173.81% return, which is significantly higher than BTC-USD's 115.46% 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
BITX vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Bitcoin (BTC-USD). 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.
Drawdowns
BITX vs. BTC-USD - Drawdown Comparison
The maximum BITX drawdown since its inception was -61.28%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BITX and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BITX vs. BTC-USD - Volatility Comparison
Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 36.70% compared to Bitcoin (BTC-USD) at 16.76%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.