BTBT vs. IBIT
Compare and contrast key facts about Bit Digital, Inc. (BTBT) and iShares Bitcoin Trust (IBIT).
IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTBT or IBIT.
Correlation
The correlation between BTBT and IBIT is 0.63, 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. IBIT - Performance Comparison
Key characteristics
BTBT:
0.43
IBIT:
2.80
BTBT:
1.56
IBIT:
3.21
BTBT:
1.16
IBIT:
1.38
BTBT:
0.52
IBIT:
5.78
BTBT:
1.95
IBIT:
13.28
BTBT:
25.25%
IBIT:
11.96%
BTBT:
113.46%
IBIT:
56.79%
BTBT:
-98.16%
IBIT:
-27.51%
BTBT:
-87.36%
IBIT:
-0.51%
Returns By Period
In the year-to-date period, BTBT achieves a 26.28% return, which is significantly higher than IBIT's 13.89% return.
BTBT
26.28%
10.45%
-8.42%
41.76%
N/A
N/A
IBIT
13.89%
10.24%
61.81%
163.27%
N/A
N/A
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Risk-Adjusted Performance
BTBT vs. IBIT — Risk-Adjusted Performance Rank
BTBT
IBIT
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.
Dividends
BTBT vs. IBIT - Dividend Comparison
Neither BTBT nor IBIT has paid dividends to shareholders.
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.
Volatility
BTBT vs. IBIT - Volatility Comparison
Bit Digital, Inc. (BTBT) has a higher volatility of 31.24% compared to iShares Bitcoin Trust (IBIT) at 15.92%. 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.