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

BTBT vs. IBIT

Last updated May 18, 2025

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

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.

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Key characteristics

Sharpe Ratio

BTBT:

0.04

IBIT:

1.12

Sortino Ratio

BTBT:

0.95

IBIT:

1.93

Omega Ratio

BTBT:

1.10

IBIT:

1.23

Calmar Ratio

BTBT:

0.06

IBIT:

2.44

Martin Ratio

BTBT:

0.14

IBIT:

5.33

Ulcer Index

BTBT:

37.13%

IBIT:

12.91%

Daily Std Dev

BTBT:

109.85%

IBIT:

53.31%

Max Drawdown

BTBT:

-98.16%

IBIT:

-28.22%

Current Drawdown

BTBT:

-91.87%

IBIT:

-2.52%

Returns By Period

In the year-to-date period, BTBT achieves a -18.77% return, which is significantly lower than IBIT's 11.59% return.

BTBT

YTD

-18.77%

1M

33.71%

6M

-44.26%

1Y

9.68%

5Y*

18.30%

10Y*

N/A

IBIT

YTD

11.59%

1M

22.67%

6M

13.56%

1Y

54.65%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

BTBT vs. IBIT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BTBT
The Risk-Adjusted Performance Rank of BTBT is 5656
Overall Rank
The Sharpe Ratio Rank of BTBT is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of BTBT is 6363
Sortino Ratio Rank
The Omega Ratio Rank of BTBT is 5858
Omega Ratio Rank
The Calmar Ratio Rank of BTBT is 5454
Calmar Ratio Rank
The Martin Ratio Rank of BTBT is 5252
Martin Ratio Rank
IBIT
The Risk-Adjusted Performance Rank of IBIT is 8787
Overall Rank
The Sharpe Ratio Rank of IBIT is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of IBIT is 8989
Sortino Ratio Rank
The Omega Ratio Rank of IBIT is 8383
Omega Ratio Rank
The Calmar Ratio Rank of IBIT is 9595
Calmar Ratio Rank
The Martin Ratio Rank of IBIT is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current BTBT Sharpe Ratio is 0.04, which is lower than the IBIT Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of BTBT and IBIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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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 -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.

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Volatility

BTBT vs. IBIT - Volatility Comparison

Bit Digital, Inc. (BTBT) has a higher volatility of 21.66% compared to iShares Bitcoin Trust (IBIT) at 9.29%. 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.

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