BTCO vs. SPY
Compare and contrast key facts about Invesco Galaxy Bitcoin ETF (BTCO) and SPDR S&P 500 ETF (SPY).
BTCO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCO is a passively managed fund by Invesco that tracks the performance of the Lukka Prime Reference Bitcoin Rate. It was launched on Jan 11, 2024. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BTCO and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCO or SPY.
Correlation
The correlation between BTCO and SPY is 0.37, 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
BTCO vs. SPY - Performance Comparison
Key characteristics
BTCO:
0.80
SPY:
0.51
BTCO:
1.43
SPY:
0.86
BTCO:
1.17
SPY:
1.13
BTCO:
1.54
SPY:
0.55
BTCO:
3.40
SPY:
2.26
BTCO:
12.70%
SPY:
4.55%
BTCO:
53.85%
SPY:
20.08%
BTCO:
-28.03%
SPY:
-55.19%
BTCO:
-10.49%
SPY:
-9.89%
Returns By Period
In the year-to-date period, BTCO achieves a 2.10% return, which is significantly higher than SPY's -5.76% return.
BTCO
2.10%
10.27%
42.73%
47.14%
N/A
N/A
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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BTCO vs. SPY - Expense Ratio Comparison
BTCO has a 0.39% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BTCO vs. SPY — Risk-Adjusted Performance Rank
BTCO
SPY
BTCO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and SPDR S&P 500 ETF (SPY). 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
BTCO vs. SPY - Dividend Comparison
BTCO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BTCO vs. SPY - Drawdown Comparison
The maximum BTCO drawdown since its inception was -28.03%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BTCO and SPY. For additional features, visit the drawdowns tool.
Volatility
BTCO vs. SPY - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) has a higher volatility of 16.17% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that BTCO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.