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

Key characteristics


BTBTIBIT
Daily Std Dev113.02%58.10%
Max Drawdown-98.16%-27.51%
Current Drawdown-81.14%0.00%

Correlation

-0.50.00.51.00.6

The correlation between BTBT and IBIT 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. IBIT - Performance Comparison

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
144.24%
45.57%
BTBT
IBIT

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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.


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 1.75, compared to the broader market0.002.004.006.001.75
Martin ratio
The chart of Martin ratio for BTBT, currently valued at 4.05, compared to the broader market0.0010.0020.0030.004.05
IBIT
Sharpe ratio
No data

BTBT vs. IBIT - Sharpe Ratio Comparison


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%JuneJulyAugustSeptemberOctoberNovember00
BTBT
IBIT

Volatility

BTBT vs. IBIT - Volatility Comparison

Bit Digital, Inc. (BTBT) has a higher volatility of 35.44% compared to iShares Bitcoin Trust (IBIT) at 17.89%. 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
35.44%
17.89%
BTBT
IBIT