BRRR vs. IBIT
Compare and contrast key facts about Valkyrie Bitcoin ETF (BRRR) and iShares Bitcoin Trust (IBIT).
BRRR and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. Both BRRR and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRRR or IBIT.
Correlation
The correlation between BRRR and IBIT is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BRRR vs. IBIT - Performance Comparison
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Key characteristics
BRRR:
1.06
IBIT:
1.05
BRRR:
1.83
IBIT:
1.83
BRRR:
1.22
IBIT:
1.22
BRRR:
2.24
IBIT:
2.23
BRRR:
4.89
IBIT:
4.88
BRRR:
12.86%
IBIT:
12.91%
BRRR:
53.29%
IBIT:
53.78%
BRRR:
-28.13%
IBIT:
-28.22%
BRRR:
-3.44%
IBIT:
-3.39%
Returns By Period
The year-to-date returns for both investments are quite close, with BRRR having a 10.32% return and IBIT slightly higher at 10.59%.
BRRR
10.32%
22.76%
17.80%
55.79%
N/A
N/A
IBIT
10.59%
22.89%
17.98%
55.75%
N/A
N/A
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BRRR vs. IBIT - Expense Ratio Comparison
Both BRRR and IBIT have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BRRR vs. IBIT — Risk-Adjusted Performance Rank
BRRR
IBIT
BRRR vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin ETF (BRRR) and iShares Bitcoin Trust (IBIT). 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.
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Dividends
BRRR vs. IBIT - Dividend Comparison
Neither BRRR nor IBIT has paid dividends to shareholders.
Drawdowns
BRRR vs. IBIT - Drawdown Comparison
The maximum BRRR drawdown since its inception was -28.13%, roughly equal to the maximum IBIT drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for BRRR and IBIT. For additional features, visit the drawdowns tool.
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Volatility
BRRR vs. IBIT - Volatility Comparison
Valkyrie Bitcoin ETF (BRRR) and iShares Bitcoin Trust (IBIT) have volatilities of 9.22% and 9.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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