BTCTW vs. IBIT
Compare and contrast key facts about BTC Digital Ltd. (BTCTW) and iShares Bitcoin Trust (IBIT).
IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCTW or IBIT.
Key characteristics
| BTCTW | IBIT | |
|---|---|---|
| Daily Std Dev | 498.67% | 58.63% |
| Max Drawdown | -98.46% | -22.79% |
| Current Drawdown | -96.77% | -16.40% |
Correlation
The correlation between BTCTW and IBIT is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BTCTW vs. IBIT - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BTCTW vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BTC Digital Ltd. (BTCTW) and iShares Bitcoin Trust (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.
Not enough dataDividends
BTCTW vs. IBIT - Dividend Comparison
Neither BTCTW nor IBIT has paid dividends to shareholders.
Drawdowns
BTCTW vs. IBIT - Drawdown Comparison
The maximum BTCTW drawdown since its inception was -98.46%, which is greater than IBIT's maximum drawdown of -22.79%. Use the drawdown chart below to compare losses from any high point for BTCTW and IBIT. For additional features, visit the drawdowns tool.
Volatility
BTCTW vs. IBIT - Volatility Comparison
BTC Digital Ltd. (BTCTW) has a higher volatility of 56.22% compared to iShares Bitcoin Trust (IBIT) at 14.22%. This indicates that BTCTW's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.