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.
Correlation
The correlation between BTCTW and IBIT is 0.02, 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
BTCTW vs. IBIT - Performance Comparison
Key characteristics
BTCTW:
0.04
IBIT:
1.71
BTCTW:
3.11
IBIT:
2.38
BTCTW:
1.38
IBIT:
1.28
BTCTW:
0.15
IBIT:
3.49
BTCTW:
0.25
IBIT:
7.94
BTCTW:
58.41%
IBIT:
12.10%
BTCTW:
364.44%
IBIT:
56.11%
BTCTW:
-98.78%
IBIT:
-27.51%
BTCTW:
-95.20%
IBIT:
-8.89%
Returns By Period
In the year-to-date period, BTCTW achieves a -5.05% return, which is significantly lower than IBIT's 4.30% return.
BTCTW
-5.05%
-30.98%
113.64%
38.24%
N/A
N/A
IBIT
4.30%
-7.20%
64.57%
86.80%
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.
Dividends
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 -98.78%, which is greater than IBIT's maximum drawdown of -27.51%. 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 65.64% compared to iShares Bitcoin Trust (IBIT) at 9.40%. 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.