BITX vs. GABC
BITX (2x Bitcoin Strategy ETF) is Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%), while GABC (German American Bancorp, Inc.) is a stock. Over the past year, BITX returned -74.95% vs 23.12% for GABC. At a 0.20 correlation, their price movements are largely independent.
Performance
BITX vs. GABC - Performance Comparison
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Returns By Period
In the year-to-date period, BITX achieves a -55.39% return, which is significantly lower than GABC's 18.84% return.
BITX
- 1D
- 0.08%
- 1M
- -37.85%
- YTD
- -55.39%
- 6M
- -58.72%
- 1Y
- -74.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GABC
- 1D
- 1.37%
- 1M
- 8.77%
- YTD
- 18.84%
- 6M
- 13.82%
- 1Y
- 23.12%
- 3Y*
- 18.48%
- 5Y*
- 5.99%
- 10Y*
- 10.48%
BITX vs. GABC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | -55.39% | -38.71% | 163.41% | 46.18% |
GABC German American Bancorp, Inc. | 18.84% | 0.34% | 27.90% | 19.66% |
Correlation
The correlation between BITX and GABC is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.20 |
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Return for Risk
BITX vs. GABC — Risk / Return Rank
BITX
GABC
BITX vs. GABC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Bitcoin Strategy ETF (BITX) and German American Bancorp, Inc. (GABC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BITX | GABC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.19 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.05 | -2.97 |
| Martin ratioReturn relative to average drawdown | -1.45 | 5.09 | -6.53 |
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Drawdowns
BITX vs. GABC - Drawdown Comparison
The maximum BITX drawdown since its inception was -82.16%, which is greater than GABC's maximum drawdown of -63.37%. Use the drawdown chart below to compare losses from any high point for BITX and GABC.
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Drawdown Indicators
| BITX | GABC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -63.37% | -18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -82.16% | -11.30% | -70.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.47% | — |
Current DrawdownCurrent decline from peak | -80.28% | 0.00% | -80.28% |
Average DrawdownAverage peak-to-trough decline | -32.12% | -22.04% | -10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.79% | 4.58% | +47.21% |
Volatility
BITX vs. GABC - Volatility Comparison
2x Bitcoin Strategy ETF (BITX) has a higher volatility of 24.10% compared to German American Bancorp, Inc. (GABC) at 5.74%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than GABC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITX | GABC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.10% | 5.74% | +18.36% |
Volatility (6M)Calculated over the trailing 6-month period | 69.17% | 15.91% | +53.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.50% | 23.02% | +64.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.23% | 26.65% | +71.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.23% | 28.87% | +69.36% |
Dividends
BITX vs. GABC - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 35.54%, more than GABC's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 35.54% | 21.69% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GABC German American Bancorp, Inc. | 2.61% | 2.96% | 2.69% | 3.09% | 2.47% | 2.15% | 2.30% | 1.91% | 2.16% | 1.46% | 1.37% | 2.04% |
Frequently Asked Questions
BITX and GABC have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (24.10%) compared to GABC (5.74%). In terms of maximum drawdown, BITX dropped -82.16% vs GABC's -63.37%.
GABC currently has the higher Sharpe Ratio (1.01 vs -0.86), 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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