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 | 173.81% | 439.33% |
| 1Y Return | 244.30% | 596.51% |
| Sharpe Ratio | 1.85 | 5.53 |
| Sortino Ratio | 2.52 | 4.20 |
| Omega Ratio | 1.29 | 1.50 |
| Calmar Ratio | 3.47 | 6.70 |
| Martin Ratio | 6.54 | 27.26 |
| Ulcer Index | 32.50% | 21.03% |
| Daily Std Dev | 114.71% | 103.67% |
| Max Drawdown | -61.28% | -99.86% |
| Current Drawdown | 0.00% | -4.47% |
Correlation
The correlation between BITX and MSTR is 0.76, 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 173.81% return, which is significantly lower than MSTR's 439.33% 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.
Dividends
BITX vs. MSTR - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 7.94%, while MSTR has not paid dividends to shareholders.
| TTM | |
|---|---|
BITX Volatility Shares 2x Bitcoin Strategy ETF | 7.94% |
MSTR MicroStrategy Incorporated | 0.00% |
Drawdowns
BITX vs. MSTR - Drawdown Comparison
The maximum BITX drawdown since its inception was -61.28%, 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
Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 36.00% compared to MicroStrategy Incorporated (MSTR) at 32.85%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.