CORZZ vs. IBIT
Compare and contrast key facts about Core Scientific Inc. Tranche 2 Warrants (CORZZ) and iShares Bitcoin Trust (IBIT).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CORZZ or IBIT.
Correlation
The correlation between CORZZ and IBIT is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CORZZ vs. IBIT - Performance Comparison
Key characteristics
CORZZ:
115.52%
IBIT:
57.36%
CORZZ:
-59.61%
IBIT:
-27.51%
CORZZ:
-21.99%
IBIT:
-12.17%
Returns By Period
In the year-to-date period, CORZZ achieves a 1.21% return, which is significantly higher than IBIT's 0.55% return.
CORZZ
1.21%
-10.25%
45.69%
N/A
N/A
N/A
IBIT
0.55%
-2.84%
63.12%
N/A
N/A
N/A
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Risk-Adjusted Performance
CORZZ vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Scientific Inc. Tranche 2 Warrants (CORZZ) 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.
Not enough dataDividends
CORZZ vs. IBIT - Dividend Comparison
Neither CORZZ nor IBIT has paid dividends to shareholders.
Drawdowns
CORZZ vs. IBIT - Drawdown Comparison
The maximum CORZZ drawdown since its inception was -59.61%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for CORZZ and IBIT. For additional features, visit the drawdowns tool.
Volatility
CORZZ vs. IBIT - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 19.13% compared to iShares Bitcoin Trust (IBIT) at 16.88%. This indicates that CORZZ'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.