BTF vs. ^GSPC

In the year-to-date period, BTF achieves a 67.04% return, which is significantly higher than ^GSPC's 26.24% return.

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The correlation between BTF and ^GSPC is 0.42, 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 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.

The current BTF Sharpe Ratio is 1.53, which is lower than the ^GSPC Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of BTF and ^GSPC, 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%, 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.

Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 20.38% compared to S&P 500 (^GSPC) at 3.99%. 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.