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BRRR vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

BRRR vs. BTC-USD

Last updated Jan 18, 2025

Compare and contrast key facts about Valkyrie Bitcoin ETF (BRRR) and Bitcoin (BTC-USD).

BRRR is a passively managed fund by Valkyrie Digital Assets that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRRR or BTC-USD.

Correlation

The correlation between BRRR and BTC-USD 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.

-0.50.00.51.00.8

Performance

BRRR vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valkyrie Bitcoin ETF (BRRR) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.
-20.00%0.00%20.00%40.00%60.00%AugustSeptemberOctoberNovemberDecember2025
55.78%
56.59%
BRRR
BTC-USD

Key characteristics

Sharpe Ratio

BRRR:

2.55

BTC-USD:

2.38

Sortino Ratio

BRRR:

3.03

BTC-USD:

3.04

Omega Ratio

BRRR:

1.36

BTC-USD:

1.30

Calmar Ratio

BRRR:

5.26

BTC-USD:

2.37

Martin Ratio

BRRR:

12.06

BTC-USD:

10.81

Ulcer Index

BRRR:

11.93%

BTC-USD:

11.01%

Daily Std Dev

BRRR:

56.51%

BTC-USD:

43.94%

Max Drawdown

BRRR:

-27.37%

BTC-USD:

-93.07%

Current Drawdown

BRRR:

-1.85%

BTC-USD:

-1.58%

Returns By Period

The year-to-date returns for both stocks are quite close, with BRRR having a 12.14% return and BTC-USD slightly lower at 11.81%.

BRRR

YTD

12.14%

1M

4.22%

6M

55.78%

1Y

155.91%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

11.81%

1M

4.42%

6M

56.59%

1Y

153.17%

5Y*

64.37%

10Y*

85.95%

*Annualized

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Risk-Adjusted Performance

BRRR vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BRRR
The Risk-Adjusted Performance Rank of BRRR is 8686
Overall Rank
The Sharpe Ratio Rank of BRRR is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BRRR is 8585
Sortino Ratio Rank
The Omega Ratio Rank of BRRR is 7878
Omega Ratio Rank
The Calmar Ratio Rank of BRRR is 9696
Calmar Ratio Rank
The Martin Ratio Rank of BRRR is 8181
Martin Ratio Rank
BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 8787
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8585
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8585
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9292
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BRRR vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin ETF (BRRR) and Bitcoin (BTC-USD). 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.

Sharpe ratio
The chart of Sharpe ratio for BRRR, currently valued at 2.16, compared to the broader market0.002.004.002.162.38
The chart of Sortino ratio for BRRR, currently valued at 2.75, compared to the broader market0.005.0010.002.753.04
The chart of Omega ratio for BRRR, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.003.501.331.30
The chart of Calmar ratio for BRRR, currently valued at 2.29, compared to the broader market0.005.0010.0015.002.292.37
The chart of Martin ratio for BRRR, currently valued at 10.92, compared to the broader market0.0020.0040.0060.0080.00100.0010.9210.81
BRRR
BTC-USD

The current BRRR Sharpe Ratio is 2.55, which is comparable to the BTC-USD Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of BRRR and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.00Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15Dec 22Dec 29Jan 05Jan 12
2.16
2.38
BRRR
BTC-USD

Drawdowns

BRRR vs. BTC-USD - Drawdown Comparison

The maximum BRRR drawdown since its inception was -27.37%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BRRR and BTC-USD. For additional features, visit the drawdowns tool.

-25.00%-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-1.85%
-1.58%
BRRR
BTC-USD

Volatility

BRRR vs. BTC-USD - Volatility Comparison

Valkyrie Bitcoin ETF (BRRR) has a higher volatility of 14.34% compared to Bitcoin (BTC-USD) at 12.88%. This indicates that BRRR's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

10.00%15.00%20.00%25.00%AugustSeptemberOctoberNovemberDecember2025
14.34%
12.88%
BRRR
BTC-USD
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Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio

DrawdownsExpected ShortfallUlcer IndexValue at RiskClose-to-Close VolatilityParkinson VolatilityGarman Klass VolatilityRogers-Satchell VolatilityYang Zhang Volatility

Asset CorrelationsPortfolio OptimizationRisk Parity OptimizationHierarchical Risk Parity (HRP) Optimization

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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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