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BTBT vs. BITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BTBTBITX
YTD Return30.50%163.72%
1Y Return180.20%212.79%
Sharpe Ratio1.451.76
Sortino Ratio2.442.47
Omega Ratio1.271.29
Calmar Ratio1.753.31
Martin Ratio4.056.24
Ulcer Index40.51%32.51%
Daily Std Dev113.02%115.56%
Max Drawdown-98.16%-61.28%
Current Drawdown-81.14%0.00%

Correlation

-0.50.00.51.00.6

The correlation between BTBT and BITX is 0.61, 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. BITX - Performance Comparison

In the year-to-date period, BTBT achieves a 30.50% return, which is significantly lower than BITX's 163.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%50.00%100.00%150.00%JuneJulyAugustSeptemberOctoberNovember
144.22%
60.75%
BTBT
BITX

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. BITX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and Volatility Shares 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.


BTBT
Sharpe ratio
The chart of Sharpe ratio for BTBT, currently valued at 1.45, compared to the broader market-4.00-2.000.002.004.001.45
Sortino ratio
The chart of Sortino ratio for BTBT, currently valued at 2.44, compared to the broader market-4.00-2.000.002.004.006.002.44
Omega ratio
The chart of Omega ratio for BTBT, currently valued at 1.27, compared to the broader market0.501.001.502.001.27
Calmar ratio
The chart of Calmar ratio for BTBT, currently valued at 2.55, compared to the broader market0.002.004.006.002.55
Martin ratio
The chart of Martin ratio for BTBT, currently valued at 4.05, compared to the broader market0.0010.0020.0030.004.05
BITX
Sharpe ratio
The chart of Sharpe ratio for BITX, currently valued at 1.76, compared to the broader market-4.00-2.000.002.004.001.76
Sortino ratio
The chart of Sortino ratio for BITX, currently valued at 2.47, compared to the broader market-4.00-2.000.002.004.006.002.47
Omega ratio
The chart of Omega ratio for BITX, currently valued at 1.29, compared to the broader market0.501.001.502.001.29
Calmar ratio
The chart of Calmar ratio for BITX, currently valued at 3.31, compared to the broader market0.002.004.006.003.31
Martin ratio
The chart of Martin ratio for BITX, currently valued at 6.24, compared to the broader market0.0010.0020.0030.006.24

BTBT vs. BITX - Sharpe Ratio Comparison

The current BTBT Sharpe Ratio is 1.45, which is comparable to the BITX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of BTBT and BITX, 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 Ratio0.000.501.001.502.00Jun 30Jul 07Jul 14Jul 21Jul 28Aug 04Aug 11Aug 18Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10
1.45
1.76
BTBT
BITX

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 8.24%.


TTM
BTBT
Bit Digital, Inc.
0.00%
BITX
Volatility Shares 2x Bitcoin Strategy ETF
8.24%

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 -61.28%. Use the drawdown chart below to compare losses from any high point for BTBT and BITX. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
BTBT
BITX

Volatility

BTBT vs. BITX - Volatility Comparison

Bit Digital, Inc. (BTBT) and Volatility Shares 2x Bitcoin Strategy ETF (BITX) have volatilities of 35.44% and 34.78%, 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.


20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
35.44%
34.78%
BTBT
BITX