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BITX vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between BITX and BTC-USD is 0.28, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

BITX vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%250.00%300.00%350.00%400.00%450.00%NovemberDecember2025FebruaryMarchApril
238.60%
205.33%
BITX
BTC-USD

Key characteristics

Sharpe Ratio

BITX:

0.15

BTC-USD:

1.90

Sortino Ratio

BITX:

1.03

BTC-USD:

2.52

Omega Ratio

BITX:

1.12

BTC-USD:

1.26

Calmar Ratio

BITX:

0.26

BTC-USD:

1.68

Martin Ratio

BITX:

0.53

BTC-USD:

8.54

Ulcer Index

BITX:

30.17%

BTC-USD:

11.32%

Daily Std Dev

BITX:

110.14%

BTC-USD:

42.81%

Max Drawdown

BITX:

-61.28%

BTC-USD:

-93.07%

Current Drawdown

BITX:

-35.96%

BTC-USD:

-11.73%

Returns By Period

In the year-to-date period, BITX achieves a -12.69% return, which is significantly lower than BTC-USD's 0.29% return.


BITX

YTD

-12.69%

1M

8.82%

6M

45.19%

1Y

26.68%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

0.29%

1M

7.12%

6M

37.47%

1Y

45.77%

5Y*

65.44%

10Y*

82.48%

*Annualized

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Risk-Adjusted Performance

BITX vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITX
The Risk-Adjusted Performance Rank of BITX is 4949
Overall Rank
The Sharpe Ratio Rank of BITX is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of BITX is 6969
Sortino Ratio Rank
The Omega Ratio Rank of BITX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of BITX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of BITX is 3535
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9191
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8787
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8888
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9393
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for BITX, currently valued at 1.51, compared to the broader market-1.000.001.002.003.004.00
BITX: 1.51
BTC-USD: 2.02
The chart of Sortino ratio for BITX, currently valued at 2.27, compared to the broader market-2.000.002.004.006.008.00
BITX: 2.27
BTC-USD: 2.62
The chart of Omega ratio for BITX, currently valued at 1.26, compared to the broader market0.501.001.502.00
BITX: 1.26
BTC-USD: 1.27
The chart of Calmar ratio for BITX, currently valued at 1.46, compared to the broader market0.002.004.006.008.0010.0012.00
BITX: 1.46
BTC-USD: 1.81
The chart of Martin ratio for BITX, currently valued at 6.16, compared to the broader market0.0020.0040.0060.00
BITX: 6.16
BTC-USD: 9.04

The current BITX Sharpe Ratio is 0.15, which is lower than the BTC-USD Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of BITX and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.51
2.02
BITX
BTC-USD

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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-35.96%
-11.73%
BITX
BTC-USD

Volatility

BITX vs. BTC-USD - Volatility Comparison

Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 33.24% compared to Bitcoin (BTC-USD) at 16.27%. 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.


5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%NovemberDecember2025FebruaryMarchApril
33.24%
16.27%
BITX
BTC-USD