BTCT vs. BITX
Compare and contrast key facts about BTC Digital Ltd. (BTCT) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCT or BITX.
Correlation
The correlation between BTCT and BITX is 0.31, 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
BTCT vs. BITX - Performance Comparison
Key characteristics
BTCT:
0.09
BITX:
0.84
BTCT:
3.68
BITX:
1.82
BTCT:
1.46
BITX:
1.21
BTCT:
0.31
BITX:
1.56
BTCT:
0.60
BITX:
2.89
BTCT:
50.93%
BITX:
32.99%
BTCT:
351.88%
BITX:
113.34%
BTCT:
-99.72%
BITX:
-61.28%
BTCT:
-98.92%
BITX:
-22.47%
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCT having a 5.86% return and BITX slightly lower at 5.69%.
BTCT
5.86%
-35.04%
192.49%
36.76%
N/A
N/A
BITX
5.69%
-16.55%
110.20%
103.48%
N/A
N/A
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Risk-Adjusted Performance
BTCT vs. BITX — Risk-Adjusted Performance Rank
BTCT
BITX
BTCT vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BTC Digital Ltd. (BTCT) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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
BTCT vs. BITX - Dividend Comparison
BTCT has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 10.31%.
| TTM | 2024 | |
|---|---|---|
BTCT BTC Digital Ltd. | 0.00% | 0.00% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 10.31% | 10.71% |
Drawdowns
BTCT vs. BITX - Drawdown Comparison
The maximum BTCT drawdown since its inception was -99.72%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for BTCT and BITX. For additional features, visit the drawdowns tool.
Volatility
BTCT vs. BITX - Volatility Comparison
BTC Digital Ltd. (BTCT) has a higher volatility of 37.54% compared to Volatility Shares 2x Bitcoin Strategy ETF (BITX) at 18.94%. This indicates that BTCT's price experiences larger fluctuations and is considered to be riskier than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.