BTCT vs. BITX
BTCT (BTC Digital Ltd.) is a stock, while BITX (2x Bitcoin Strategy ETF) is Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). Over the past 3 years, BTCT returned -48.17%/yr vs 5.01%/yr for BITX. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
BTCT vs. BITX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BTCT having a -59.71% return and BITX slightly higher at -57.64%.
BTCT
- 1D
- -6.25%
- 1M
- -50.58%
- 6M
- -61.77%
- YTD
- -59.71%
- 1Y
- -79.13%
- 3Y*
- -48.17%
- 5Y*
- -72.03%
- 10Y*
- —
- ALL TIME*
- -79.17%
BITX
- 1D
- -5.89%
- 1M
- 3.21%
- 6M
- -52.61%
- YTD
- -57.64%
- 1Y
- -77.94%
- 3Y*
- 5.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $90.28M | $99.74M | $121.60M | |
BTCT BTC Digital Ltd. | $185.95K | $414.94K | $1.35M |
BTCT vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTCT BTC Digital Ltd. | -59.71% | -72.80% | -0.83% | 22.46% |
BITX 2x Bitcoin Strategy ETF | -57.64% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between BTCT and BITX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.43 |
The correlation between BTCT and BITX shifts across timeframes, from 0.43 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTCT vs. BITX — Risk / Return Rank
BTCT
BITX
BTCT vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BTC Digital Ltd. (BTCT) and 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.
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.
| BTCT | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.81 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.95 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.61 | -1.34 | -0.27 |
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Drawdowns
BTCT vs. BITX - Drawdown Comparison
The maximum BTCT drawdown since its inception was -100.00%, which is greater than BITX's maximum drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for BTCT and BITX.
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Drawdown Indicators
| BTCT | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -83.45% | -16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -82.99% | -83.45% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -97.35% | -83.45% | -13.90% |
Max Drawdown (5Y)Largest decline over 5 years | -99.91% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -81.28% | -18.72% |
Average DrawdownAverage peak-to-trough decline | -94.93% | -34.19% | -60.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.87% | 59.44% | -9.57% |
Volatility
BTCT vs. BITX - Volatility Comparison
BTC Digital Ltd. (BTCT) has a higher volatility of 26.42% compared to 2x Bitcoin Strategy ETF (BITX) at 17.98%. 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.
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Volatility by Period
| BTCT | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.42% | 17.98% | +8.44% |
Volatility (6M)Calculated over the trailing 6-month period | 72.98% | 67.72% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.26% | 88.19% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.38% | 97.19% | +90.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.86% | 97.19% | +76.67% |
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 27.89%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 27.89% | 21.69% | 10.70% |
BTCT BTC Digital Ltd. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTCT and BITX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCT has higher volatility (26.42%) compared to BITX (17.98%). In terms of maximum drawdown, BTCT dropped -100.00% vs BITX's -83.45%.
BITX currently has the higher Sharpe Ratio (-0.90 vs -0.91), 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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