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

Performance

BTBT vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bit Digital, Inc. (BTBT) and iShares Bitcoin Trust (IBIT). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%JuneJulyAugustSeptemberOctoberNovember
70.15%
40.37%
BTBT
IBIT

Returns By Period


BTBT

YTD

-4.26%

1M

-1.94%

6M

57.59%

1Y

82.43%

5Y (annualized)

N/A

10Y (annualized)

N/A

IBIT

YTD

N/A

1M

39.28%

6M

35.28%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


BTBTIBIT
Daily Std Dev113.56%57.61%
Max Drawdown-98.16%-27.51%
Current Drawdown-86.16%0.00%

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Correlation

-0.50.00.51.00.6

The correlation between BTBT and IBIT is 0.60, 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.

Risk-Adjusted Performance

BTBT vs. IBIT - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for BTBT, currently valued at 0.66, compared to the broader market-4.00-2.000.002.004.000.66
The chart of Sortino ratio for BTBT, currently valued at 1.77, compared to the broader market-4.00-2.000.002.004.001.77
The chart of Omega ratio for BTBT, currently valued at 1.19, compared to the broader market0.501.001.502.001.19
The chart of Calmar ratio for BTBT, currently valued at 0.80, compared to the broader market0.002.004.006.000.80
The chart of Martin ratio for BTBT, currently valued at 1.84, compared to the broader market-10.000.0010.0020.0030.001.84
BTBT
IBIT

Chart placeholderNot enough data

Dividends

BTBT vs. IBIT - Dividend Comparison

Neither BTBT nor IBIT has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

BTBT vs. IBIT - Drawdown Comparison

The maximum BTBT drawdown since its inception was -98.16%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for BTBT and IBIT. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-26.63%
0
BTBT
IBIT

Volatility

BTBT vs. IBIT - Volatility Comparison

Bit Digital, Inc. (BTBT) has a higher volatility of 40.06% compared to iShares Bitcoin Trust (IBIT) at 18.20%. This indicates that BTBT'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.


10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
40.06%
18.20%
BTBT
IBIT