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BITX vs. FBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITX and FBTC is 0.37, 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.


Performance

BITX vs. FBTC - Performance Comparison

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

50.00%100.00%150.00%200.00%December2025FebruaryMarchAprilMay
97.16%
101.49%
BITX
FBTC

Key characteristics

Sharpe Ratio

BITX:

0.58

FBTC:

1.22

Sortino Ratio

BITX:

1.53

FBTC:

1.87

Omega Ratio

BITX:

1.18

FBTC:

1.22

Calmar Ratio

BITX:

1.03

FBTC:

2.33

Martin Ratio

BITX:

2.08

FBTC:

5.12

Ulcer Index

BITX:

30.45%

FBTC:

12.84%

Daily Std Dev

BITX:

108.51%

FBTC:

53.83%

Max Drawdown

BITX:

-61.28%

FBTC:

-28.21%

Current Drawdown

BITX:

-35.69%

FBTC:

-11.74%

Returns By Period

In the year-to-date period, BITX achieves a -12.33% return, which is significantly lower than FBTC's 0.97% return.


BITX

YTD

-12.33%

1M

21.79%

6M

51.73%

1Y

37.10%

5Y*

N/A

10Y*

N/A

FBTC

YTD

0.97%

1M

12.24%

6M

40.16%

1Y

51.47%

5Y*

N/A

10Y*

N/A

*Annualized

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BITX vs. FBTC - Expense Ratio Comparison

BITX has a 1.85% expense ratio, which is higher than FBTC's 0.25% expense ratio.


Risk-Adjusted Performance

BITX vs. FBTC — 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 6767
Overall Rank
The Sharpe Ratio Rank of BITX is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of BITX is 7878
Sortino Ratio Rank
The Omega Ratio Rank of BITX is 7070
Omega Ratio Rank
The Calmar Ratio Rank of BITX is 8080
Calmar Ratio Rank
The Martin Ratio Rank of BITX is 5454
Martin Ratio Rank

FBTC
The Risk-Adjusted Performance Rank of FBTC is 8585
Overall Rank
The Sharpe Ratio Rank of FBTC is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of FBTC is 8686
Sortino Ratio Rank
The Omega Ratio Rank of FBTC is 8080
Omega Ratio Rank
The Calmar Ratio Rank of FBTC is 9494
Calmar Ratio Rank
The Martin Ratio Rank of FBTC is 8383
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. FBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Fidelity Wise Origin Bitcoin Trust (FBTC). 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 current BITX Sharpe Ratio is 0.58, which is lower than the FBTC Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of BITX and FBTC, 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 Ratio-0.500.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20Apr 27May 04
0.58
1.22
BITX
FBTC

Dividends

BITX vs. FBTC - Dividend Comparison

BITX's dividend yield for the trailing twelve months is around 15.33%, while FBTC has not paid dividends to shareholders.


Drawdowns

BITX vs. FBTC - Drawdown Comparison

The maximum BITX drawdown since its inception was -61.28%, which is greater than FBTC's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for BITX and FBTC. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-35.69%
-11.74%
BITX
FBTC

Volatility

BITX vs. FBTC - Volatility Comparison

Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 29.24% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 14.67%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than FBTC 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%December2025FebruaryMarchAprilMay
29.24%
14.67%
BITX
FBTC