BTFX vs. BITX
Compare and contrast key facts about Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
BTFX and BITX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTFX is a passively managed fund by Valkyrie that tracks the performance of the S&P CME Bitcoin Futures Index. It was launched on Feb 21, 2024. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTFX or BITX.
Correlation
The correlation between BTFX and BITX is 0.35, 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.
Performance
BTFX vs. BITX - Performance Comparison
Key characteristics
BTFX:
0.36
BITX:
0.39
BTFX:
1.28
BITX:
1.32
BTFX:
1.15
BITX:
1.15
BTFX:
0.62
BITX:
0.69
BTFX:
1.21
BITX:
1.39
BTFX:
31.75%
BITX:
30.60%
BTFX:
106.92%
BITX:
108.27%
BTFX:
-62.26%
BITX:
-61.28%
BTFX:
-37.37%
BITX:
-33.20%
Returns By Period
In the year-to-date period, BTFX achieves a -15.67% return, which is significantly lower than BITX's -8.93% return.
BTFX
-15.67%
47.22%
14.34%
34.65%
N/A
N/A
BITX
-8.93%
47.33%
23.89%
38.33%
N/A
N/A
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BTFX vs. BITX - Expense Ratio Comparison
Both BTFX and BITX have an expense ratio of 1.85%.
Risk-Adjusted Performance
BTFX vs. BITX — Risk-Adjusted Performance Rank
BTFX
BITX
BTFX vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
Dividends
BTFX vs. BITX - Dividend Comparison
BTFX has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 14.76%.
| TTM | 2024 | |
|---|---|---|
BTFX Valkyrie Bitcoin Futures Leveraged Strategy ETF | 0.00% | 0.00% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 14.76% | 10.71% |
Drawdowns
BTFX vs. BITX - Drawdown Comparison
The maximum BTFX drawdown since its inception was -62.26%, roughly equal to the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for BTFX and BITX. For additional features, visit the drawdowns tool.
Volatility
BTFX vs. BITX - Volatility Comparison
Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) and Volatility Shares 2x Bitcoin Strategy ETF (BITX) have volatilities of 23.42% and 23.39%, 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.