BITX vs. BTFX
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX).
BITX and BTFX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023. BTFX is a passively managed fund by Valkyrie that tracks the performance of the S&P CME Bitcoin Futures Index. It was launched on Feb 21, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITX or BTFX.
Correlation
The correlation between BITX and BTFX is 0.97, 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. BTFX - Performance Comparison
Key characteristics
BITX:
-0.15
BTFX:
-0.16
BITX:
0.57
BTFX:
0.55
BITX:
1.06
BTFX:
1.06
BITX:
-0.27
BTFX:
-0.28
BITX:
-0.52
BTFX:
-0.54
BITX:
31.46%
BTFX:
31.99%
BITX:
109.82%
BTFX:
108.48%
BITX:
-61.28%
BTFX:
-62.26%
BITX:
-47.35%
BTFX:
-49.69%
Returns By Period
In the year-to-date period, BITX achieves a -28.23% return, which is significantly higher than BTFX's -32.26% return.
BITX
-28.23%
-6.29%
25.73%
-19.19%
N/A
N/A
BTFX
-32.26%
-5.71%
27.75%
-17.92%
N/A
N/A
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BITX vs. BTFX - Expense Ratio Comparison
Both BITX and BTFX have an expense ratio of 1.85%.
Risk-Adjusted Performance
BITX vs. BTFX — Risk-Adjusted Performance Rank
BITX
BTFX
BITX vs. BTFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX). 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
BITX vs. BTFX - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 17.03%, while BTFX has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
BITX Volatility Shares 2x Bitcoin Strategy ETF | 17.03% | 10.71% |
BTFX Valkyrie Bitcoin Futures Leveraged Strategy ETF | 0.00% | 0.00% |
Drawdowns
BITX vs. BTFX - Drawdown Comparison
The maximum BITX drawdown since its inception was -61.28%, roughly equal to the maximum BTFX drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for BITX and BTFX. For additional features, visit the drawdowns tool.
Volatility
BITX vs. BTFX - Volatility Comparison
Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) have volatilities of 33.83% and 33.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.