BTCK vs. MSBT

Last updated Jul 28, 2026

BTCK (7RCC Spot Bitcoin and Carbon Credit Futures ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds - BTCK tracks the 7RCC Kaiko Bitcoin Carbon Credit Index while MSBT tracks the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate. Both are passively managed. Their 0.41 correlation means their historical movements had little consistent relationship. BTCK charges 0.44%/yr vs 0.14%/yr for MSBT.

Performance

BTCK vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK) and Morgan Stanley Bitcoin Trust (MSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTCK

• 1D: 0.00%
• 1M: 5.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MSBT

• 1D: 1.14%
• 1M: 8.64%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTCK 7RCC Spot Bitcoin and Carbon Credit Futures ETF	$13.32K	$15.25K	$78.45K
MSBT Morgan Stanley Bitcoin Trust	$5.22M	$7.35M	$10.54M

BTCK vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
BTCK 7RCC Spot Bitcoin and Carbon Credit Futures ETF	-1.29%
MSBT Morgan Stanley Bitcoin Trust	-0.80%

Correlation

The correlation between BTCK and MSBT is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.41

Return for Risk

BTCK vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK) and Morgan Stanley Bitcoin Trust (MSBT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BTCK vs. MSBT - Drawdown Comparison

The maximum BTCK drawdown since its inception was -8.40%, smaller than the maximum MSBT drawdown of -28.33%. Use the drawdown chart below to compare losses from any high point for BTCK and MSBT.

Drawdown Indicators

	BTCK	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-8.40%	-28.33%	+19.93%
Current Drawdown Current decline from peak	-2.99%	-20.88%	+17.89%
Average Drawdown Average peak-to-trough decline	-4.56%	-12.95%	+8.39%

Volatility

Volatility by Period

	BTCK	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	40.20%	35.73%	+4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.20%	35.73%	+4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.20%	35.73%	+4.47%

BTCK vs. MSBT - Expense Ratio Comparison

BTCK has a 0.44% expense ratio, which is higher than MSBT's 0.14% expense ratio.

Dividends

BTCK vs. MSBT - Dividend Comparison

Neither BTCK nor MSBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BTCK and MSBT in my portfolio?

BTCK and MSBT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCK or MSBT?

On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCK or MSBT?

MSBT is cheaper with a 0.14% expense ratio, compared with 0.44% for BTCK.

Which ETF pays a higher dividend yield, BTCK or MSBT?

BTCK and MSBT have nearly identical dividend yields, around 0.00%.

What is the main difference between BTCK and MSBT?

BTCK tracks 7RCC Kaiko Bitcoin Carbon Credit Index, while MSBT tracks CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate. They also come from different issuers: 7RCC and Morgan Stanley. Their fees differ too: 0.44% for BTCK and 0.14% for MSBT.