Correlation
The correlation between BTF and BTOP is 0.31, 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.
BTF vs. BTOP
Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP).
BTF and BTOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 2021. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTF or BTOP.
Performance
BTF vs. BTOP - Performance Comparison
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Key characteristics
BTF:
-0.08
BTOP:
-0.57
BTF:
0.30
BTOP:
-0.46
BTF:
1.04
BTOP:
0.92
BTF:
-0.11
BTOP:
-0.58
BTF:
-0.21
BTOP:
-0.96
BTF:
25.07%
BTOP:
39.03%
BTF:
60.17%
BTOP:
64.42%
BTF:
-77.50%
BTOP:
-64.20%
BTF:
-23.05%
BTOP:
-49.67%
Returns By Period
In the year-to-date period, BTF achieves a -9.38% return, which is significantly lower than BTOP's -5.05% return.
BTF
-9.38%
22.88%
-15.34%
-4.00%
24.84%
N/A
N/A
BTOP
-5.05%
22.54%
-44.63%
-36.63%
N/A
N/A
N/A
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BTF vs. BTOP - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than BTOP's 0.90% expense ratio.
Risk-Adjusted Performance
BTF vs. BTOP — Risk-Adjusted Performance Rank
BTF
BTOP
BTF vs. BTOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP). 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
BTF vs. BTOP - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 58.45%, less than BTOP's 62.60% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 58.45% | 52.96% | 15.98% |
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 62.60% | 59.44% | 5.82% |
Drawdowns
BTF vs. BTOP - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, which is greater than BTOP's maximum drawdown of -64.20%. Use the drawdown chart below to compare losses from any high point for BTF and BTOP.
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Volatility
BTF vs. BTOP - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) have volatilities of 16.38% and 15.77%, 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.
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