BTCW vs. BTCO
Compare and contrast key facts about Wisdom Tree Bitcoin Fund (BTCW) and Invesco Galaxy Bitcoin ETF (BTCO).
BTCW and BTCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCW is managed by WisdomTree. It was launched on Jan 11, 2024. BTCO is a passively managed fund by Invesco that tracks the performance of the Lukka Prime Reference Bitcoin Rate. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCW or BTCO.
Correlation
The correlation between BTCW and BTCO is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BTCW vs. BTCO - Performance Comparison
Key characteristics
BTCW:
0.37
BTCO:
0.38
BTCW:
0.92
BTCO:
0.93
BTCW:
1.11
BTCO:
1.11
BTCW:
0.73
BTCO:
0.74
BTCW:
1.62
BTCO:
1.65
BTCW:
12.40%
BTCO:
12.28%
BTCW:
54.42%
BTCO:
53.85%
BTCW:
-27.46%
BTCO:
-27.35%
BTCW:
-21.87%
BTCO:
-21.35%
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCW having a -10.17% return and BTCO slightly lower at -10.29%.
BTCW
-10.17%
-0.78%
26.87%
17.52%
N/A
N/A
BTCO
-10.29%
-0.40%
27.49%
17.88%
N/A
N/A
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BTCW vs. BTCO - Expense Ratio Comparison
BTCW has a 0.30% expense ratio, which is lower than BTCO's 0.39% expense ratio.
Risk-Adjusted Performance
BTCW vs. BTCO — Risk-Adjusted Performance Rank
BTCW
BTCO
BTCW vs. BTCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) and Invesco Galaxy Bitcoin ETF (BTCO). 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
BTCW vs. BTCO - Dividend Comparison
Neither BTCW nor BTCO has paid dividends to shareholders.
Drawdowns
BTCW vs. BTCO - Drawdown Comparison
The maximum BTCW drawdown since its inception was -27.46%, roughly equal to the maximum BTCO drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for BTCW and BTCO. For additional features, visit the drawdowns tool.
Volatility
BTCW vs. BTCO - Volatility Comparison
Wisdom Tree Bitcoin Fund (BTCW) and Invesco Galaxy Bitcoin ETF (BTCO) have volatilities of 16.56% and 16.12%, 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.