BTBT vs. BITX
Compare and contrast key facts about Bit Digital, Inc. (BTBT) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTBT or BITX.
Key characteristics
| BTBT | BITX | |
|---|---|---|
| YTD Return | 30.50% | 163.72% |
| 1Y Return | 180.20% | 212.79% |
| Sharpe Ratio | 1.45 | 1.76 |
| Sortino Ratio | 2.44 | 2.47 |
| Omega Ratio | 1.27 | 1.29 |
| Calmar Ratio | 1.75 | 3.31 |
| Martin Ratio | 4.05 | 6.24 |
| Ulcer Index | 40.51% | 32.51% |
| Daily Std Dev | 113.02% | 115.56% |
| Max Drawdown | -98.16% | -61.28% |
| Current Drawdown | -81.14% | 0.00% |
Correlation
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.
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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.
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.
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.