BTFX vs. IBIT
Compare and contrast key facts about Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) and iShares Bitcoin Trust (IBIT).
BTFX and IBIT 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. 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. Both BTFX and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTFX or IBIT.
Correlation
The correlation between BTFX and IBIT 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. IBIT - Performance Comparison
Key characteristics
BTFX:
0.17
IBIT:
0.79
BTFX:
1.05
IBIT:
1.43
BTFX:
1.12
IBIT:
1.17
BTFX:
0.29
IBIT:
1.53
BTFX:
0.59
IBIT:
3.37
BTFX:
31.13%
IBIT:
12.82%
BTFX:
108.42%
IBIT:
54.50%
BTFX:
-62.26%
IBIT:
-28.22%
BTFX:
-37.78%
IBIT:
-10.64%
Returns By Period
In the year-to-date period, BTFX achieves a -16.22% return, which is significantly lower than IBIT's 2.30% return.
BTFX
-16.22%
14.96%
45.67%
24.91%
N/A
N/A
IBIT
2.30%
10.35%
42.78%
47.23%
N/A
N/A
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BTFX vs. IBIT - Expense Ratio Comparison
BTFX has a 1.85% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
BTFX vs. IBIT — Risk-Adjusted Performance Rank
BTFX
IBIT
BTFX vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) 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.
Dividends
BTFX vs. IBIT - Dividend Comparison
Neither BTFX nor IBIT has paid dividends to shareholders.
Drawdowns
BTFX vs. IBIT - Drawdown Comparison
The maximum BTFX drawdown since its inception was -62.26%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for BTFX and IBIT. For additional features, visit the drawdowns tool.
Volatility
BTFX vs. IBIT - Volatility Comparison
Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) has a higher volatility of 32.85% compared to iShares Bitcoin Trust (IBIT) at 16.61%. This indicates that BTFX'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.