BTGD vs. IBIT
BTGD (STKd 100% Bitcoin & 100% Gold ETF) and IBIT (iShares Bitcoin Trust ETF) are both Cryptocurrency funds. BTGD is actively managed, while IBIT is passively managed. Over the past year, BTGD returned -43.38% vs -44.19% for IBIT. Their correlation of 0.90 means they have usually moved in the same direction. BTGD charges 1.05%/yr vs 0.25%/yr for IBIT.
Performance
BTGD vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, BTGD achieves a -38.50% return, which is significantly lower than IBIT's -26.71% return.
BTGD
- 1D
- 1.37%
- 1M
- 1.91%
- 6M
- -37.24%
- YTD
- -38.50%
- 1Y
- -43.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.87%
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $428.43K | $383.52K | $1.03M | |
| $1.29B | $1.33B | $1.64B |
BTGD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTGD STKd 100% Bitcoin & 100% Gold ETF | -38.50% | 34.62% | 29.32% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 38.98% |
Correlation
The correlation between BTGD and IBIT is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024 | 0.90 |
The correlation between BTGD and IBIT has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
BTGD vs. IBIT — Risk / Return Rank
BTGD
IBIT
BTGD vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STKd 100% Bitcoin & 100% Gold ETF (BTGD) and iShares Bitcoin Trust ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTGD | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.84 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.83 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.27 | -0.06 |
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Drawdowns
BTGD vs. IBIT - Drawdown Comparison
The maximum BTGD drawdown since its inception was -58.79%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for BTGD and IBIT.
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Drawdown Indicators
| BTGD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.79% | -53.30% | -5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -58.79% | -53.30% | -5.49% |
Current DrawdownCurrent decline from peak | -54.95% | -48.95% | -6.00% |
Average DrawdownAverage peak-to-trough decline | -18.27% | -18.34% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.74% | 34.94% | -2.20% |
Volatility
BTGD vs. IBIT - Volatility Comparison
STKd 100% Bitcoin & 100% Gold ETF (BTGD) has a higher volatility of 12.81% compared to iShares Bitcoin Trust ETF (IBIT) at 8.29%. This indicates that BTGD'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.
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Volatility by Period
| BTGD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.81% | 8.29% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 44.87% | 33.07% | +11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.20% | 44.40% | +13.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.65% | 49.53% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.65% | 49.53% | +6.12% |
BTGD vs. IBIT - Expense Ratio Comparison
BTGD has a 1.05% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BTGD vs. IBIT - Dividend Comparison
BTGD's dividend yield for the trailing twelve months is around 5.47%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTGD STKd 100% Bitcoin & 100% Gold ETF | 5.47% | 3.36% | 0.19% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTGD and IBIT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTGD has higher volatility (12.81%) compared to IBIT (8.29%). In terms of maximum drawdown, BTGD dropped -58.79% vs IBIT's -53.30%.
On 1-year performance, BTGD leads with -43.38% vs -44.19% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 8.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTGD has performed better with a -43.38% return vs -44.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 1.05% for BTGD.
BTGD has the higher dividend yield at 5.47%, compared with 0.00% for IBIT.
They also come from different issuers: Quantify Funds and iShares. Their fees differ too: 1.05% for BTGD and 0.25% for IBIT.
BTGD currently has the higher Sharpe Ratio (-0.75 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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