BITX vs. STRF
BITX (2x Bitcoin Strategy ETF) is Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%), while STRF (Strategy 10.00% Series A Perpetual Strife Preferred Stock) is a stock. Over the past year, BITX returned -73.21% vs -0.60% for STRF. At a 0.47 correlation, their price movements are largely independent.
Performance
BITX vs. STRF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BITX achieves a -52.31% return, which is significantly lower than STRF's -2.86% return.
BITX
- 1D
- -5.39%
- 1M
- -34.65%
- YTD
- -52.31%
- 6M
- -58.66%
- 1Y
- -73.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STRF
- 1D
- -1.08%
- 1M
- -5.06%
- YTD
- -2.86%
- 6M
- -7.52%
- 1Y
- -0.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITX vs. STRF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITX 2x Bitcoin Strategy ETF | -52.31% | -20.58% |
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | -2.86% | 16.74% |
Correlation
The correlation between BITX and STRF is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | 0.47 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BITX vs. STRF — Risk / Return Rank
BITX
STRF
BITX vs. STRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Bitcoin Strategy ETF (BITX) and Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF). 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.
| BITX | STRF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.02 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.02 | -0.90 |
| Martin ratioReturn relative to average drawdown | -1.46 | -0.05 | -1.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BITX | STRF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.02 | -0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.46 | -0.41 |
Drawdowns
BITX vs. STRF - Drawdown Comparison
The maximum BITX drawdown since its inception was -78.92%, which is greater than STRF's maximum drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for BITX and STRF.
Loading charts...
Drawdown Indicators
| BITX | STRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.92% | -24.01% | -54.91% |
Max Drawdown (1Y)Largest decline over 1 year | -78.92% | -24.01% | -54.91% |
Current DrawdownCurrent decline from peak | -78.92% | -18.79% | -60.13% |
Average DrawdownAverage peak-to-trough decline | -31.70% | -10.46% | -21.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.03% | 13.15% | +36.88% |
Volatility
BITX vs. STRF - Volatility Comparison
2x Bitcoin Strategy ETF (BITX) has a higher volatility of 19.24% compared to Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) at 3.35%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than STRF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITX | STRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.24% | 3.35% | +15.89% |
Volatility (6M)Calculated over the trailing 6-month period | 69.07% | 14.24% | +54.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.83% | 25.39% | +61.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.27% | 24.47% | +73.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.27% | 24.47% | +73.80% |
Dividends
BITX vs. STRF - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 33.24%, more than STRF's 10.59% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 33.24% | 21.69% | 10.70% |
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 10.59% | 7.56% | 0.00% |
Frequently Asked Questions
BITX and STRF have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (19.24%) compared to STRF (3.35%). In terms of maximum drawdown, BITX dropped -78.92% vs STRF's -24.01%.
STRF currently has the higher Sharpe Ratio (-0.02 vs -0.85), 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.
Find the right allocation for BITX and STRF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer