BTBT vs. IBIT
BTBT (Bit Digital, Inc.) is a stock, while IBIT (iShares Bitcoin Trust ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, BTBT returned -51.84% vs -44.50% for IBIT. Their 0.63 correlation means they have sometimes moved together and sometimes differently.
Performance
BTBT vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTBT achieves a -30.69% return, which is significantly lower than IBIT's -28.22% return.
BTBT
- 1D
- -7.75%
- 1M
- -20.61%
- 6M
- -35.47%
- YTD
- -30.69%
- 1Y
- -51.84%
- 3Y*
- -33.18%
- 5Y*
- -31.98%
- 10Y*
- —
- ALL TIME*
- -15.20%
IBIT
- 1D
- -2.89%
- 1M
- 2.21%
- 6M
- -24.95%
- YTD
- -28.22%
- 1Y
- -44.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.20M | $38.64M | $50.00M | |
| $1.30B | $1.34B | $1.68B |
BTBT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTBT Bit Digital, Inc. | -30.69% | -35.49% | -15.32% |
IBIT iShares Bitcoin Trust ETF | -28.22% | -6.41% | 89.87% |
Correlation
The correlation between BTBT and IBIT is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.63 |
The correlation between BTBT and IBIT has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTBT vs. IBIT — Risk / Return Rank
BTBT
IBIT
BTBT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and iShares Bitcoin Trust ETF (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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.83 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.87 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.34 | +0.20 |
Loading charts...
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 -53.30%. Use the drawdown chart below to compare losses from any high point for BTBT and IBIT.
Loading charts...
Drawdown Indicators
| BTBT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -53.30% | -44.86% |
Max Drawdown (1Y)Largest decline over 1 year | -71.33% | -53.30% | -18.03% |
Max Drawdown (3Y)Largest decline over 3 years | -78.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.92% | — | — |
Current DrawdownCurrent decline from peak | -95.52% | -50.01% | -45.51% |
Average DrawdownAverage peak-to-trough decline | -75.91% | -18.24% | -57.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.52% | 34.66% | +13.86% |
Volatility
BTBT vs. IBIT - Volatility Comparison
Bit Digital, Inc. (BTBT) has a higher volatility of 28.14% compared to iShares Bitcoin Trust ETF (IBIT) at 9.21%. 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.
Loading charts...
Volatility by Period
| BTBT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.14% | 9.21% | +18.93% |
Volatility (6M)Calculated over the trailing 6-month period | 65.86% | 33.74% | +32.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.63% | 44.46% | +44.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.62% | 49.60% | +55.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.31% | 49.60% | +83.71% |
Dividends
BTBT vs. IBIT - Dividend Comparison
Neither BTBT nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
BTBT and IBIT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTBT has higher volatility (28.14%) compared to IBIT (9.21%). In terms of maximum drawdown, BTBT dropped -98.16% vs IBIT's -53.30%.
BTBT currently has the higher Sharpe Ratio (-0.62 vs -1.04), 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.
Find the right allocation for BTBT and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer