BITX vs. IBIT
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and iShares Bitcoin Trust (IBIT).
BITX and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITX or IBIT.
Key characteristics
| BITX | IBIT | |
|---|---|---|
| Daily Std Dev | 100.71% | 59.25% |
| Max Drawdown | -46.05% | -22.79% |
| Current Drawdown | -30.27% | -11.44% |
Correlation
The correlation between BITX and IBIT is 1.00, 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. IBIT - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BITX vs. IBIT - Expense Ratio Comparison
BITX has a 1.85% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
BITX vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and iShares Bitcoin Trust (IBIT). 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.
Not enough dataDividends
BITX vs. IBIT - Dividend Comparison
Neither BITX nor IBIT has paid dividends to shareholders.
Drawdowns
BITX vs. IBIT - Drawdown Comparison
The maximum BITX drawdown since its inception was -46.05%, which is greater than IBIT's maximum drawdown of -22.79%. Use the drawdown chart below to compare losses from any high point for BITX and IBIT. For additional features, visit the drawdowns tool.
Volatility
BITX vs. IBIT - Volatility Comparison
Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 31.78% compared to iShares Bitcoin Trust (IBIT) at 15.71%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.