BITX vs. MSTR
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and MicroStrategy Incorporated (MSTR).
BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITX or MSTR.
Key characteristics
| BITX | MSTR | |
|---|---|---|
| YTD Return | 94.11% | 150.86% |
| Daily Std Dev | 100.66% | 90.55% |
| Max Drawdown | -46.05% | -99.86% |
| Current Drawdown | -25.96% | -49.38% |
Correlation
The correlation between BITX and MSTR is 0.77, 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. MSTR - Performance Comparison
In the year-to-date period, BITX achieves a 94.11% return, which is significantly lower than MSTR's 150.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BITX vs. MSTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and MicroStrategy Incorporated (MSTR). 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. MSTR - Dividend Comparison
Neither BITX nor MSTR has paid dividends to shareholders.
Drawdowns
BITX vs. MSTR - Drawdown Comparison
The maximum BITX drawdown since its inception was -46.05%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for BITX and MSTR. For additional features, visit the drawdowns tool.
Volatility
BITX vs. MSTR - Volatility Comparison
The current volatility for Volatility Shares 2x Bitcoin Strategy ETF (BITX) is 31.30%, while MicroStrategy Incorporated (MSTR) has a volatility of 34.73%. This indicates that BITX experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.