BTF vs. IBIT
Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and iShares Bitcoin Trust (IBIT).
BTF and IBIT 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. 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: BTF or IBIT.
Performance
BTF vs. IBIT - Performance Comparison
Returns By Period
BTF
67.04%
34.27%
4.12%
89.58%
N/A
N/A
IBIT
N/A
36.02%
32.63%
N/A
N/A
N/A
Key characteristics
| BTF | IBIT | |
|---|---|---|
| Daily Std Dev | 58.49% | 57.67% |
| Max Drawdown | -77.50% | -27.51% |
| Current Drawdown | -4.82% | -8.48% |
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BTF vs. IBIT - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Correlation
The correlation between BTF and IBIT is 0.93, 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.
Risk-Adjusted Performance
BTF vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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.
Not enough dataDividends
BTF vs. IBIT - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 10.38%, while IBIT has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 10.38% | 15.98% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
BTF vs. IBIT - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for BTF and IBIT. For additional features, visit the drawdowns tool.
Volatility
BTF vs. IBIT - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 20.38% compared to iShares Bitcoin Trust (IBIT) at 19.40%. This indicates that BTF'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.