Correlation
The correlation between BTCTW and IBIT is 0.36, 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.
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.
Performance
BTCTW vs. IBIT - Performance Comparison
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Key characteristics
Returns By Period
BTCTW
N/A
N/A
N/A
N/A
N/A
N/A
N/A
IBIT
12.08%
8.21%
7.70%
54.24%
N/A
N/A
N/A
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Risk-Adjusted Performance
BTCTW vs. IBIT — Risk-Adjusted Performance Rank
BTCTW
IBIT
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.
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Dividends
BTCTW vs. IBIT - Dividend Comparison
Neither BTCTW nor IBIT has paid dividends to shareholders.
Drawdowns
BTCTW vs. IBIT - Drawdown Comparison
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Volatility
BTCTW vs. IBIT - Volatility Comparison
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