PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BTBT vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BTBTBITO
YTD Return-17.26%55.56%
1Y Return56.25%82.48%
3Y Return (Ann)-32.12%-0.65%
Sharpe Ratio0.471.53
Sortino Ratio1.502.16
Omega Ratio1.161.25
Calmar Ratio0.541.67
Martin Ratio1.266.32
Ulcer Index40.48%13.51%
Daily Std Dev109.04%55.96%
Max Drawdown-98.16%-77.86%
Current Drawdown-88.04%-11.11%

Correlation

-0.50.00.51.00.7

The correlation between BTBT and BITO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

BTBT vs. BITO - Performance Comparison

In the year-to-date period, BTBT achieves a -17.26% return, which is significantly lower than BITO's 55.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%80.00%100.00%JuneJulyAugustSeptemberOctoberNovember
61.30%
7.27%
BTBT
BITO

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

BTBT vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and ProShares Bitcoin Strategy ETF (BITO). 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.


BTBT
Sharpe ratio
The chart of Sharpe ratio for BTBT, currently valued at 0.47, compared to the broader market-4.00-2.000.002.000.47
Sortino ratio
The chart of Sortino ratio for BTBT, currently valued at 1.50, compared to the broader market-4.00-2.000.002.004.001.50
Omega ratio
The chart of Omega ratio for BTBT, currently valued at 1.16, compared to the broader market0.501.001.502.001.16
Calmar ratio
The chart of Calmar ratio for BTBT, currently valued at 0.58, compared to the broader market0.002.004.006.000.58
Martin ratio
The chart of Martin ratio for BTBT, currently valued at 1.26, compared to the broader market-10.000.0010.0020.0030.001.26
BITO
Sharpe ratio
The chart of Sharpe ratio for BITO, currently valued at 1.53, compared to the broader market-4.00-2.000.002.001.53
Sortino ratio
The chart of Sortino ratio for BITO, currently valued at 2.16, compared to the broader market-4.00-2.000.002.004.002.16
Omega ratio
The chart of Omega ratio for BITO, currently valued at 1.25, compared to the broader market0.501.001.502.001.25
Calmar ratio
The chart of Calmar ratio for BITO, currently valued at 1.67, compared to the broader market0.002.004.006.001.67
Martin ratio
The chart of Martin ratio for BITO, currently valued at 6.32, compared to the broader market-10.000.0010.0020.0030.006.32

BTBT vs. BITO - Sharpe Ratio Comparison

The current BTBT Sharpe Ratio is 0.47, which is lower than the BITO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BTBT and BITO, 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 Ratio0.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
0.47
1.53
BTBT
BITO

Dividends

BTBT vs. BITO - Dividend Comparison

BTBT has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 65.10%.


TTM2023
BTBT
Bit Digital, Inc.
0.00%0.00%
BITO
ProShares Bitcoin Strategy ETF
65.10%15.14%

Drawdowns

BTBT vs. BITO - Drawdown Comparison

The maximum BTBT drawdown since its inception was -98.16%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTBT and BITO. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-75.44%
-11.11%
BTBT
BITO

Volatility

BTBT vs. BITO - Volatility Comparison

Bit Digital, Inc. (BTBT) has a higher volatility of 24.78% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.77%. This indicates that BTBT's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
24.78%
12.77%
BTBT
BITO