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 year, BTCT returned -58.44% vs -72.52% for BITX. At a 0.44 correlation, their price movements are largely independent.
Performance
BTCT vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, BTCT achieves a -1.54% return, which is significantly higher than BITX's -54.53% return.
BTCT
- 1D
- 0.79%
- 1M
- 16.36%
- YTD
- -1.54%
- 6M
- -27.27%
- 1Y
- -58.44%
- 3Y*
- -31.82%
- 5Y*
- -70.63%
- 10Y*
- —
BITX
- 1D
- 4.77%
- 1M
- -29.55%
- YTD
- -54.53%
- 6M
- -55.51%
- 1Y
- -72.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCT vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTCT BTC Digital Ltd. | -1.54% | -72.80% | -0.83% | 22.46% |
BITX 2x Bitcoin Strategy ETF | -54.53% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between BTCT and BITX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.44 |
The correlation between BTCT and BITX shifts across timeframes, from 0.44 (all time) to 0.61 (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 | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.85 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.88 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.03 | -1.37 | +0.34 |
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Drawdowns
BTCT vs. BITX - Drawdown Comparison
The maximum BTCT drawdown since its inception was -99.99%, which is greater than BITX's maximum drawdown of -82.16%. 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 | -99.99% | -82.16% | -17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -74.59% | -82.16% | +7.57% |
Max Drawdown (3Y)Largest decline over 3 years | -94.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -99.82% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -79.90% | -20.09% |
Average DrawdownAverage peak-to-trough decline | -94.84% | -32.44% | -62.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.65% | 52.98% | +3.67% |
Volatility
BTCT vs. BITX - Volatility Comparison
BTC Digital Ltd. (BTCT) and 2x Bitcoin Strategy ETF (BITX) have volatilities of 25.03% and 25.73%, 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
| BTCT | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.03% | 25.73% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 54.80% | 69.23% | -14.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.70% | 87.85% | -8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 186.72% | 98.16% | +88.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.12% | 98.16% | +75.96% |
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 35.05%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 35.05% | 21.69% | 10.70% |
BTCT BTC Digital Ltd. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTCT and BITX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (25.73%) compared to BTCT (25.03%). In terms of maximum drawdown, BTCT dropped -99.99% vs BITX's -82.16%.
BTCT currently has the higher Sharpe Ratio (-0.74 vs -0.83), 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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