BTOP vs. BTF
Compare and contrast key facts about Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and Valkyrie Bitcoin and Ether Strategy ETF (BTF).
BTOP and BTF 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. BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTOP or BTF.
Correlation
The correlation between BTOP and BTF is 0.97, 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. BTF - Performance Comparison
Key characteristics
BTOP:
-0.45
BTF:
0.38
BTOP:
-0.21
BTF:
0.96
BTOP:
0.97
BTF:
1.11
BTOP:
-0.55
BTF:
0.59
BTOP:
-1.14
BTF:
1.15
BTOP:
27.40%
BTF:
19.67%
BTOP:
69.11%
BTF:
59.66%
BTOP:
-57.08%
BTF:
-77.50%
BTOP:
-57.00%
BTF:
-23.72%
Returns By Period
In the year-to-date period, BTOP achieves a -18.87% return, which is significantly lower than BTF's -10.17% return.
BTOP
-18.87%
-13.59%
-31.75%
-33.06%
N/A
N/A
BTF
-10.17%
-16.23%
20.86%
19.47%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BTOP vs. BTF - Expense Ratio Comparison
BTOP has a 0.90% expense ratio, which is lower than BTF's 1.24% expense ratio.
Risk-Adjusted Performance
BTOP vs. BTF — Risk-Adjusted Performance Rank
BTOP
BTF
BTOP vs. BTF - 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 Valkyrie Bitcoin and Ether Strategy ETF (BTF). 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
BTOP vs. BTF - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 73.27%, more than BTF's 58.96% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 73.27% | 59.44% | 5.82% |
BTF Valkyrie Bitcoin and Ether Strategy ETF | 58.96% | 52.96% | 15.98% |
Drawdowns
BTOP vs. BTF - Drawdown Comparison
The maximum BTOP drawdown since its inception was -57.08%, smaller than the maximum BTF drawdown of -77.50%. Use the drawdown chart below to compare losses from any high point for BTOP and BTF. For additional features, visit the drawdowns tool.
Volatility
BTOP vs. BTF - Volatility Comparison
The current volatility for Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) is 11.69%, while Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a volatility of 14.10%. This indicates that BTOP experiences smaller price fluctuations and is considered to be less risky than BTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.