BTBT vs. BITX
BTBT (Bit Digital, Inc.) is a stock, while BITX (2x Bitcoin Strategy ETF) is Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). Over the past year, BTBT returned -4.29% vs -72.52% for BITX. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
BTBT vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, BTBT achieves a 17.99% return, which is significantly higher than BITX's -54.53% return.
BTBT
- 1D
- 2.76%
- 1M
- 12.06%
- YTD
- 17.99%
- 6M
- 0.90%
- 1Y
- -4.29%
- 3Y*
- -19.97%
- 5Y*
- -20.17%
- 10Y*
- —
BITX
- 1D
- 4.77%
- 1M
- -29.55%
- YTD
- -54.53%
- 6M
- -55.51%
- 1Y
- -72.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTBT vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTBT Bit Digital, Inc. | 17.99% | -35.49% | -30.73% | 5.49% |
BITX 2x Bitcoin Strategy ETF | -54.53% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between BTBT and BITX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.63 |
The correlation between BTBT and BITX has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.
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Return for Risk
BTBT vs. BITX — Risk / Return Rank
BTBT
BITX
BTBT vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and 2x Bitcoin Strategy ETF (BITX). 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.
| BTBT | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.85 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.88 | +0.82 |
| Martin ratioReturn relative to average drawdown | -0.10 | -1.37 | +1.27 |
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Drawdowns
BTBT vs. BITX - Drawdown Comparison
The maximum BTBT drawdown since its inception was -98.16%, which is greater than BITX's maximum drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for BTBT and BITX.
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Drawdown Indicators
| BTBT | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -82.16% | -16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -70.02% | -82.16% | +12.14% |
Max Drawdown (3Y)Largest decline over 3 years | -77.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.92% | — | — |
Current DrawdownCurrent decline from peak | -92.38% | -79.90% | -12.48% |
Average DrawdownAverage peak-to-trough decline | -75.66% | -32.44% | -43.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.19% | 52.98% | -7.79% |
Volatility
BTBT vs. BITX - Volatility Comparison
Bit Digital, Inc. (BTBT) and 2x Bitcoin Strategy ETF (BITX) have volatilities of 25.18% and 25.73%, 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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Volatility by Period
| BTBT | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.18% | 25.73% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 61.64% | 69.23% | -7.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.18% | 87.85% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 117.52% | 98.16% | +19.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.74% | 98.16% | +35.58% |
Dividends
BTBT vs. BITX - Dividend Comparison
BTBT has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 35.05%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 35.05% | 21.69% | 10.70% |
BTBT Bit Digital, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTBT and BITX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (25.73%) compared to BTBT (25.18%). In terms of maximum drawdown, BTBT dropped -98.16% vs BITX's -82.16%.
BTBT currently has the higher Sharpe Ratio (-0.05 vs -0.83), 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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