BTF vs. ^GSPC
Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and S&P 500 (^GSPC).
BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTF or ^GSPC.
Correlation
The correlation between BTF and ^GSPC is 0.43, 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
BTF vs. ^GSPC - Performance Comparison
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Key characteristics
BTF:
0.11
^GSPC:
0.44
BTF:
0.57
^GSPC:
0.79
BTF:
1.07
^GSPC:
1.12
BTF:
0.11
^GSPC:
0.48
BTF:
0.23
^GSPC:
1.85
BTF:
24.53%
^GSPC:
4.92%
BTF:
60.64%
^GSPC:
19.37%
BTF:
-77.50%
^GSPC:
-56.78%
BTF:
-26.84%
^GSPC:
-7.88%
Returns By Period
In the year-to-date period, BTF achieves a -13.84% return, which is significantly lower than ^GSPC's -3.77% return.
BTF
-13.84%
42.08%
-0.66%
10.28%
N/A
N/A
^GSPC
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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Risk-Adjusted Performance
BTF vs. ^GSPC — Risk-Adjusted Performance Rank
BTF
^GSPC
BTF vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) and S&P 500 (^GSPC). 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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Drawdowns
BTF vs. ^GSPC - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BTF and ^GSPC. For additional features, visit the drawdowns tool.
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Volatility
BTF vs. ^GSPC - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 16.74% compared to S&P 500 (^GSPC) at 6.82%. This indicates that BTF's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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