BTAI vs. IBIT
BTAI (BioXcel Therapeutics, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, BTAI returned -41.02% vs -44.50% for IBIT. Their 0.25 correlation means their historical movements had little consistent relationship.
Performance
BTAI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BTAI achieves a -49.50% return, which is significantly lower than IBIT's -28.22% return.
BTAI
- 1D
- 1.92%
- 1M
- -41.45%
- 6M
- -49.18%
- YTD
- -49.50%
- 1Y
- -41.02%
- 3Y*
- -81.12%
- 5Y*
- -71.22%
- 10Y*
- —
- ALL TIME*
- -47.34%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $325.05K | $1.33M | $967.87K | |
| $1.30B | $1.34B | $1.68B |
BTAI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTAI BioXcel Therapeutics, Inc. | -49.50% | -73.25% | -86.30% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between BTAI and IBIT is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.25 |
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Return for Risk
BTAI vs. IBIT — Risk / Return Rank
BTAI
IBIT
BTAI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BioXcel Therapeutics, Inc. (BTAI) and iShares Bitcoin Trust ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTAI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.83 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.87 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.53 | -1.34 | +0.81 |
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Drawdowns
BTAI vs. IBIT - Drawdown Comparison
The maximum BTAI drawdown since its inception was -99.92%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BTAI and IBIT.
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Drawdown Indicators
| BTAI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -53.30% | -46.62% |
Max Drawdown (1Y)Largest decline over 1 year | -88.34% | -53.30% | -35.04% |
Max Drawdown (3Y)Largest decline over 3 years | -99.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.86% | — | — |
Current DrawdownCurrent decline from peak | -99.92% | -50.01% | -49.91% |
Average DrawdownAverage peak-to-trough decline | -63.86% | -18.24% | -45.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.48% | 34.66% | +37.82% |
Volatility
BTAI vs. IBIT - Volatility Comparison
BioXcel Therapeutics, Inc. (BTAI) has a higher volatility of 41.37% compared to iShares Bitcoin Trust ETF (IBIT) at 9.21%. This indicates that BTAI's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.37% | 9.21% | +32.16% |
Volatility (6M)Calculated over the trailing 6-month period | 66.00% | 33.74% | +32.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.67% | 44.46% | +99.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.54% | 49.60% | +72.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.77% | 49.60% | +68.17% |
Dividends
BTAI vs. IBIT - Dividend Comparison
Neither BTAI nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
BTAI and IBIT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAI has higher volatility (41.37%) compared to IBIT (9.21%). In terms of maximum drawdown, BTAI dropped -99.92% vs IBIT's -53.30%.
BTAI currently has the higher Sharpe Ratio (-0.27 vs -1.04), 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.
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