BITX vs. WEEK

Last updated Jun 4, 2026

BITX (Volatility Shares 2x Bitcoin Strategy ETF) and WEEK (Roundhill Weekly T-Bill ETF) are both exchange-traded funds - BITX is a Cryptocurrency fund actively managed by Volatility Shares, while WEEK is a Ultrashort Bond fund actively managed by Roundhill. Both are actively managed. Over the past year, BITX returned -73.21% vs 3.81% for WEEK. At a correlation of -0.09, they often move in opposite directions. BITX charges 1.85%/yr vs 0.19%/yr for WEEK.

Performance

BITX vs. WEEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Roundhill Weekly T-Bill ETF (WEEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITX achieves a -52.31% return, which is significantly lower than WEEK's 1.44% return.

BITX

• 1D: -5.39%
• 1M: -34.65%
• YTD: -52.31%
• 6M: -58.66%
• 1Y: -73.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WEEK

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.44%
• 6M: 1.74%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITX vs. WEEK - Yearly Performance Comparison

	2026 (YTD)	2025
BITX Volatility Shares 2x Bitcoin Strategy ETF	-52.31%	-27.53%
WEEK Roundhill Weekly T-Bill ETF	1.44%	3.37%

Correlation

The correlation between BITX and WEEK is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	-0.09

Return for Risk

BITX vs. WEEK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITX

BITX Risk / Return Rank: 2
BITX Sharpe Ratio Rank: 2
BITX Sortino Ratio Rank: 2
BITX Omega Ratio Rank: 2
BITX Calmar Ratio Rank: 1
BITX Martin Ratio Rank: 1

WEEK

WEEK Risk / Return Rank: 99
WEEK Sharpe Ratio Rank: 99
WEEK Sortino Ratio Rank: 99
WEEK Omega Ratio Rank: 99
WEEK Calmar Ratio Rank: 99
WEEK Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITX vs. WEEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Roundhill Weekly T-Bill ETF (WEEK). 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	WEEK	Difference
Sharpe ratio: Return per unit of total volatility	-0.85	9.29	-10.14
Sortino ratio: Return per unit of downside risk	-1.45	19.14	-20.59
Omega ratio: Gain probability vs. loss probability	0.84	4.65	-3.82
Calmar ratio: Return relative to maximum drawdown	-0.93	29.49	-30.42
Martin ratio: Return relative to average drawdown	-1.46	263.82	-265.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITX vs. WEEK - Sharpe Ratio Comparison

The current BITX Sharpe Ratio is -0.85, which is lower than the WEEK Sharpe Ratio of 9.29. The chart below compares the historical Sharpe Ratios of BITX and WEEK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITX	WEEK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.85	9.29	-10.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	10.05	-10.00

Drawdowns

BITX vs. WEEK - Drawdown Comparison

The maximum BITX drawdown since its inception was -78.92%, which is greater than WEEK's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for BITX and WEEK.

Drawdown Indicators

	BITX	WEEK	Difference
Max Drawdown Largest peak-to-trough decline	-78.92%	-0.13%	-78.79%
Max Drawdown (1Y) Largest decline over 1 year	-78.92%	-0.13%	-78.79%
Current Drawdown Current decline from peak	-78.92%	0.00%	-78.92%
Average Drawdown Average peak-to-trough decline	-31.70%	-0.01%	-31.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.03%	0.01%	+50.02%

Volatility

BITX vs. WEEK - Volatility Comparison

Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 19.24% compared to Roundhill Weekly T-Bill ETF (WEEK) at 0.07%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than WEEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITX	WEEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.24%	0.07%	+19.17%
Volatility (6M) Calculated over the trailing 6-month period	69.07%	0.25%	+68.82%
Volatility (1Y) Calculated over the trailing 1-year period	86.83%	0.41%	+86.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.27%	0.39%	+97.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.27%	0.39%	+97.88%

BITX vs. WEEK - Expense Ratio Comparison

BITX has a 1.85% expense ratio, which is higher than WEEK's 0.19% expense ratio.

Dividends

BITX vs. WEEK - Dividend Comparison

BITX's dividend yield for the trailing twelve months is around 33.24%, more than WEEK's 3.72% yield.

Position	TTM	2025	2024
BITX Volatility Shares 2x Bitcoin Strategy ETF	33.24%	21.69%	10.70%
WEEK Roundhill Weekly T-Bill ETF	3.72%	3.27%	0.00%

Frequently Asked Questions

Can I hold both BITX and WEEK in my portfolio?

BITX and WEEK have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITX or WEEK?

BITX has higher volatility (19.24%) compared to WEEK (0.07%). In terms of maximum drawdown, BITX dropped -78.92% vs WEEK's -0.13%.

Which ETF is better, BITX or WEEK?

On 1-year performance, WEEK leads with 3.81% vs -73.21% for BITX. On fees, WEEK is cheaper at 0.19% per year. On volatility, WEEK has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITX or WEEK?

Over the 1-year period, WEEK has performed better with a 3.81% return vs -73.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITX or WEEK?

WEEK is cheaper with a 0.19% expense ratio, compared with 1.85% for BITX.

Which ETF pays a higher dividend yield, BITX or WEEK?

BITX has the higher dividend yield at 33.24%, compared with 3.72% for WEEK.

What is the main difference between BITX and WEEK?

BITX is categorized as Cryptocurrency, while WEEK is Ultrashort Bond. They also come from different issuers: Volatility Shares and Roundhill. Their fees differ too: 1.85% for BITX and 0.19% for WEEK.

Which has better risk-adjusted returns?

WEEK currently has the higher Sharpe Ratio (9.29 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.