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 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTBT vs. IBIT - Performance Comparison
Key characteristics
BTBT:
-0.05
IBIT:
0.79
BTBT:
0.76
IBIT:
1.43
BTBT:
1.08
IBIT:
1.17
BTBT:
-0.06
IBIT:
1.53
BTBT:
-0.17
IBIT:
3.37
BTBT:
33.93%
IBIT:
12.82%
BTBT:
108.88%
IBIT:
54.50%
BTBT:
-98.16%
IBIT:
-28.22%
BTBT:
-92.86%
IBIT:
-10.64%
Returns By Period
In the year-to-date period, BTBT achieves a -28.67% return, which is significantly lower than IBIT's 2.30% return.
BTBT
-28.67%
-7.11%
-46.82%
-6.28%
6.45%
N/A
IBIT
2.30%
10.35%
42.78%
47.23%
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 -28.22%. 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 23.76% compared to iShares Bitcoin Trust (IBIT) at 16.61%. 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.