BTF vs. BTC-USD

In the year-to-date period, BTF achieves a 67.04% return, which is significantly lower than BTC-USD's 117.64% return.

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The correlation between BTF and BTC-USD is 0.69, 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.

This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Bitcoin (BTC-USD). 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.

The current BTF Sharpe Ratio is 1.53, which is comparable to the BTC-USD Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of BTF and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum BTF drawdown since its inception was -77.50%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BTF and BTC-USD. For additional features, visit the drawdowns tool.

Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 20.53% compared to Bitcoin (BTC-USD) at 17.74%. This indicates that BTF's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.