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.
Correlation
The correlation between BITX and IBIT is 0.36, 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. IBIT - Performance Comparison
Key characteristics
BITX:
0.15
IBIT:
0.74
BITX:
1.03
IBIT:
1.37
BITX:
1.12
IBIT:
1.16
BITX:
0.26
IBIT:
1.43
BITX:
0.53
IBIT:
3.14
BITX:
30.17%
IBIT:
12.87%
BITX:
110.14%
IBIT:
54.64%
BITX:
-61.28%
IBIT:
-28.22%
BITX:
-35.96%
IBIT:
-12.30%
Returns By Period
In the year-to-date period, BITX achieves a -12.69% return, which is significantly lower than IBIT's 0.40% return.
BITX
-12.69%
8.82%
45.19%
26.68%
N/A
N/A
IBIT
0.40%
6.22%
37.02%
46.28%
N/A
N/A
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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 Rank
BITX
IBIT
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.
Dividends
BITX vs. IBIT - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 13.99%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
BITX Volatility Shares 2x Bitcoin Strategy ETF | 13.99% | 10.70% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
BITX vs. IBIT - Drawdown Comparison
The maximum BITX drawdown since its inception was -61.28%, which is greater than IBIT's maximum drawdown of -28.22%. 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 33.48% compared to iShares Bitcoin Trust (IBIT) at 16.71%. 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.