BTOP vs. XEI.TO
Compare and contrast key facts about Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO).
BTOP and XEI.TO 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. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTOP or XEI.TO.
Key characteristics
| BTOP | XEI.TO | |
|---|---|---|
| YTD Return | 12.87% | 13.24% |
| Daily Std Dev | 56.02% | 11.36% |
| Max Drawdown | -38.51% | -45.51% |
| Current Drawdown | -33.18% | -0.18% |
Correlation
The correlation between BTOP and XEI.TO is 0.27, 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
BTOP vs. XEI.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with BTOP having a 12.87% return and XEI.TO slightly higher at 13.24%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BTOP vs. XEI.TO - Expense Ratio Comparison
BTOP has a 0.90% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.
Risk-Adjusted Performance
BTOP vs. XEI.TO - 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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO). 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. XEI.TO - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 5.16%, more than XEI.TO's 5.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 5.16% | 5.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 5.06% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% | 7.94% | 4.43% |
Drawdowns
BTOP vs. XEI.TO - Drawdown Comparison
The maximum BTOP drawdown since its inception was -38.51%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for BTOP and XEI.TO. For additional features, visit the drawdowns tool.
Volatility
BTOP vs. XEI.TO - Volatility Comparison
Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) has a higher volatility of 14.00% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 3.32%. This indicates that BTOP's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.