BTDR vs. IBIT
Compare and contrast key facts about Bitdeer Technologies Group Class A Ordinary Shares (BTDR) 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: BTDR or IBIT.
Correlation
The correlation between BTDR and IBIT is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTDR vs. IBIT - Performance Comparison
Key characteristics
BTDR:
0.34
IBIT:
0.64
BTDR:
1.34
IBIT:
1.26
BTDR:
1.16
IBIT:
1.14
BTDR:
0.56
IBIT:
1.24
BTDR:
1.14
IBIT:
2.75
BTDR:
35.71%
IBIT:
12.74%
BTDR:
119.54%
IBIT:
54.56%
BTDR:
-79.52%
IBIT:
-28.22%
BTDR:
-70.80%
IBIT:
-20.53%
Returns By Period
In the year-to-date period, BTDR achieves a -64.84% return, which is significantly lower than IBIT's -9.03% return.
BTDR
-64.84%
-27.91%
-12.21%
33.92%
N/A
N/A
IBIT
-9.03%
-0.72%
23.52%
33.28%
N/A
N/A
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Risk-Adjusted Performance
BTDR vs. IBIT — Risk-Adjusted Performance Rank
BTDR
IBIT
BTDR vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitdeer Technologies Group Class A Ordinary Shares (BTDR) 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
BTDR vs. IBIT - Dividend Comparison
Neither BTDR nor IBIT has paid dividends to shareholders.
Drawdowns
BTDR vs. IBIT - Drawdown Comparison
The maximum BTDR drawdown since its inception was -79.52%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for BTDR and IBIT. For additional features, visit the drawdowns tool.
Volatility
BTDR vs. IBIT - Volatility Comparison
Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has a higher volatility of 38.36% compared to iShares Bitcoin Trust (IBIT) at 16.56%. This indicates that BTDR'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.