BTOP vs. BITB
Compare and contrast key facts about Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and Bitwise Bitcoin ETF (BITB).
BTOP and BITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 2023. BITB is a passively managed fund by Bitwise Asset Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTOP or BITB.
Correlation
The correlation between BTOP and BITB is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BTOP vs. BITB - Performance Comparison
Key characteristics
BTOP:
0.18
BITB:
2.49
BTOP:
1.03
BITB:
1.29
BTOP:
21.64%
BITB:
12.03%
BTOP:
69.33%
BITB:
56.60%
BTOP:
-52.12%
BITB:
-27.44%
BTOP:
-51.98%
BITB:
-9.67%
Returns By Period
In the year-to-date period, BTOP achieves a -9.41% return, which is significantly lower than BITB's 3.28% return.
BTOP
-9.41%
-50.14%
-35.17%
-12.69%
N/A
N/A
BITB
3.28%
-5.20%
47.78%
119.20%
N/A
N/A
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BTOP vs. BITB - Expense Ratio Comparison
BTOP has a 0.90% expense ratio, which is higher than BITB's 0.20% expense ratio.
Risk-Adjusted Performance
BTOP vs. BITB — Risk-Adjusted Performance Rank
BTOP
BITB
BTOP vs. BITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and Bitwise Bitcoin ETF (BITB). 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.
Not enough dataDividends
BTOP vs. BITB - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 129.34%, while BITB has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 129.34% | 117.17% | 5.82% |
BITB Bitwise Bitcoin ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
BTOP vs. BITB - Drawdown Comparison
The maximum BTOP drawdown since its inception was -52.12%, which is greater than BITB's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for BTOP and BITB. For additional features, visit the drawdowns tool.
Volatility
BTOP vs. BITB - Volatility Comparison
Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) has a higher volatility of 48.49% compared to Bitwise Bitcoin ETF (BITB) at 15.41%. This indicates that BTOP's price experiences larger fluctuations and is considered to be riskier than BITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.