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 -23.64% vs -39.82% for IBIT. At a 0.26 correlation, their price movements are largely independent.
Performance
BTAI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BTAI achieves a -21.25% return, which is significantly higher than IBIT's -28.88% return.
BTAI
- 1D
- -3.08%
- 1M
- 11.50%
- YTD
- -21.25%
- 6M
- -27.17%
- 1Y
- -23.64%
- 3Y*
- -83.89%
- 5Y*
- -69.75%
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTAI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTAI BioXcel Therapeutics, Inc. | -21.25% | -73.25% | -86.30% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between BTAI and IBIT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.26 |
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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 | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.86 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.77 | +0.49 |
| Martin ratioReturn relative to average drawdown | -0.35 | -1.30 | +0.95 |
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Drawdowns
BTAI vs. IBIT - Drawdown Comparison
The maximum BTAI drawdown since its inception was -99.90%, which is greater than IBIT's maximum drawdown of -52.11%. 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 | -99.90% | -52.11% | -47.79% |
Max Drawdown (1Y)Largest decline over 1 year | -85.00% | -52.11% | -32.89% |
Max Drawdown (3Y)Largest decline over 3 years | -99.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.82% | — | — |
Current DrawdownCurrent decline from peak | -99.88% | -50.47% | -49.41% |
Average DrawdownAverage peak-to-trough decline | -63.39% | -16.85% | -46.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.05% | 30.58% | +36.47% |
Volatility
BTAI vs. IBIT - Volatility Comparison
BioXcel Therapeutics, Inc. (BTAI) has a higher volatility of 21.69% compared to iShares Bitcoin Trust ETF (IBIT) at 13.18%. 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 | 21.69% | 13.18% | +8.51% |
Volatility (6M)Calculated over the trailing 6-month period | 55.13% | 34.64% | +20.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 141.19% | 44.31% | +96.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.41% | 50.22% | +71.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.69% | 50.22% | +67.47% |
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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAI has higher volatility (21.69%) compared to IBIT (13.18%). In terms of maximum drawdown, BTAI dropped -99.90% vs IBIT's -52.11%.
BTAI currently has the higher Sharpe Ratio (-0.17 vs -0.90), 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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