BRRR vs. BTC-USD
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 0.74, 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
BRRR vs. BTC-USD - Performance Comparison
Key characteristics
BRRR:
0.45
BTC-USD:
0.76
BRRR:
1.02
BTC-USD:
1.41
BRRR:
1.12
BTC-USD:
1.14
BRRR:
0.88
BTC-USD:
0.55
BRRR:
1.92
BTC-USD:
3.60
BRRR:
12.56%
BTC-USD:
11.11%
BRRR:
53.90%
BTC-USD:
42.54%
BRRR:
-27.37%
BTC-USD:
-93.07%
BRRR:
-18.70%
BTC-USD:
-22.29%
Returns By Period
In the year-to-date period, BRRR achieves a -7.11% return, which is significantly higher than BTC-USD's -11.71% return.
BRRR
-7.11%
0.94%
44.19%
31.32%
N/A
N/A
BTC-USD
-11.71%
-4.16%
36.04%
26.03%
65.06%
77.84%
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Risk-Adjusted Performance
BRRR vs. BTC-USD — Risk-Adjusted Performance Rank
BRRR
BTC-USD
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.
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.
Volatility
BRRR vs. BTC-USD - Volatility Comparison
Valkyrie Bitcoin ETF (BRRR) has a higher volatility of 16.70% compared to Bitcoin (BTC-USD) at 15.22%. 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.