BTCLX vs. IBIT
BTCLX (Vest Bitcoin Strategy Managed Volatility Fund Investor Class) and IBIT (iShares Bitcoin Trust ETF) are both Cryptocurrency funds. BTCLX is actively managed, while IBIT is passively managed. Over the past year, BTCLX returned -35.56% vs -39.82% for IBIT. With a 0.95 correlation, they move nearly in lockstep. BTCLX charges 3.44%/yr vs 0.25%/yr for IBIT.
Performance
BTCLX vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BTCLX achieves a -24.31% return, which is significantly higher than IBIT's -28.88% return.
BTCLX
- 1D
- 2.34%
- 1M
- -15.30%
- YTD
- -24.31%
- 6M
- -24.49%
- 1Y
- -35.56%
- 3Y*
- 18.19%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCLX vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCLX Vest Bitcoin Strategy Managed Volatility Fund Investor Class | -24.31% | -13.23% | 81.97% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between BTCLX and IBIT is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.95 |
The correlation between BTCLX and IBIT has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
BTCLX vs. IBIT — Risk / Return Rank
BTCLX
IBIT
BTCLX vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vest Bitcoin Strategy Managed Volatility Fund Investor Class (BTCLX) and iShares Bitcoin Trust ETF (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.
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.
| BTCLX | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.86 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.77 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.28 | -1.30 | +0.02 |
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Drawdowns
BTCLX vs. IBIT - Drawdown Comparison
The maximum BTCLX drawdown since its inception was -64.43%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for BTCLX and IBIT.
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Drawdown Indicators
| BTCLX | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.43% | -52.11% | -12.32% |
Max Drawdown (1Y)Largest decline over 1 year | -50.11% | -52.11% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -50.11% | — | — |
Current DrawdownCurrent decline from peak | -46.79% | -50.47% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -27.78% | -16.85% | -10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.02% | 30.58% | -2.56% |
Volatility
BTCLX vs. IBIT - Volatility Comparison
Vest Bitcoin Strategy Managed Volatility Fund Investor Class (BTCLX) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 12.97% and 13.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCLX | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 13.18% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 30.55% | 34.64% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.86% | 44.31% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.75% | 50.22% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.75% | 50.22% | -5.47% |
BTCLX vs. IBIT - Expense Ratio Comparison
BTCLX has a 3.44% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BTCLX vs. IBIT - Dividend Comparison
BTCLX's dividend yield for the trailing twelve months is around 16.96%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTCLX Vest Bitcoin Strategy Managed Volatility Fund Investor Class | 16.96% | 12.83% | 9.04% | 10.73% | 0.00% | 12.81% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, BTCLX and IBIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBIT has higher volatility (13.18%) compared to BTCLX (12.97%). In terms of maximum drawdown, BTCLX dropped -64.43% vs IBIT's -52.11%.
BTCLX currently has the higher Sharpe Ratio (-0.89 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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