CYN vs. BITX
CYN (CYNGN Inc.) is a stock, while BITX (Volatility Shares 2x Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by Volatility Shares. Over the past year, CYN returned -70.61% vs -70.68% for BITX. At a 0.20 correlation, their price movements are largely independent.
Performance
CYN vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, CYN achieves a -39.50% return, which is significantly higher than BITX's -49.59% return.
CYN
- 1D
- -2.04%
- 1M
- -14.29%
- YTD
- -39.50%
- 6M
- -57.14%
- 1Y
- -70.61%
- 3Y*
- -95.21%
- 5Y*
- —
- 10Y*
- —
BITX
- 1D
- -12.02%
- 1M
- -28.14%
- YTD
- -49.59%
- 6M
- -54.46%
- 1Y
- -70.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CYN vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CYN CYNGN Inc. | -39.50% | -98.13% | -94.13% | -87.66% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | -49.59% | -38.71% | 163.41% | 47.23% |
Correlation
The correlation between CYN and BITX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.20 |
The correlation between CYN and BITX shifts across timeframes, from 0.20 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CYN vs. BITX — Risk / Return Rank
CYN
BITX
CYN vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CYNGN Inc. (CYN) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
| CYN | BITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.36 | -0.82 | +0.46 |
Sortino ratioReturn per unit of downside risk | -0.05 | -1.32 | +1.27 |
Omega ratioGain probability vs. loss probability | 1.00 | 0.85 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.91 | +0.14 |
Martin ratioReturn relative to average drawdown | -0.95 | -1.42 | +0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CYN | BITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | -0.82 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.07 | -0.52 |
Drawdowns
CYN vs. BITX - Drawdown Comparison
The maximum CYN drawdown since its inception was -100.00%, which is greater than BITX's maximum drawdown of -77.88%. Use the drawdown chart below to compare losses from any high point for CYN and BITX.
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Drawdown Indicators
| CYN | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -77.88% | -22.12% |
Max Drawdown (1Y)Largest decline over 1 year | -91.73% | -77.88% | -13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -77.72% | -22.28% |
Average DrawdownAverage peak-to-trough decline | -90.60% | -31.64% | -58.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.48% | 49.78% | +24.70% |
Volatility
CYN vs. BITX - Volatility Comparison
CYNGN Inc. (CYN) and Volatility Shares 2x Bitcoin Strategy ETF (BITX) have volatilities of 19.19% and 19.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYN | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.19% | 19.75% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 70.31% | 69.86% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 197.58% | 86.68% | +110.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 198.47% | 98.29% | +100.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 198.47% | 98.29% | +100.18% |
Dividends
CYN vs. BITX - Dividend Comparison
CYN has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 31.45%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX Volatility Shares 2x Bitcoin Strategy ETF | 31.45% | 21.69% | 10.70% |
CYN CYNGN Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CYN and BITX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (19.75%) compared to CYN (19.19%). In terms of maximum drawdown, CYN dropped -100.00% vs BITX's -77.88%.
CYN currently has the higher Sharpe Ratio (-0.36 vs -0.82), 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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