CYN vs. BITX

Last updated Apr 1, 2026

Compare and contrast key facts about CYNGN Inc. (CYN) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).

BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.

Performance

CYN vs. BITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CYNGN Inc. (CYN) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). The values are adjusted to include any dividend payments, if applicable.

CYN vs. BITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CYN CYNGN Inc.	-30.25%	-98.13%	-94.13%	-87.66%
BITX Volatility Shares 2x Bitcoin Strategy ETF	-46.69%	-38.71%	163.41%	47.23%

Returns By Period

In the year-to-date period, CYN achieves a -30.25% return, which is significantly higher than BITX's -46.69% return.

CYN

• 1D: 12.16%
• 1M: 8.50%
• YTD: -30.25%
• 6M: -72.47%
• 1Y: -63.36%
• 3Y*: -95.39%
• 5Y*: —
• 10Y*: —

BITX

• 1D: 3.88%
• 1M: 3.53%
• YTD: -46.69%
• 6M: -71.66%
• 1Y: -53.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CYN vs. BITX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CYN

CYN Risk / Return Rank: 29
CYN Sharpe Ratio Rank: 27
CYN Sortino Ratio Rank: 38
CYN Omega Ratio Rank: 36
CYN Calmar Ratio Rank: 18
CYN Martin Ratio Rank: 25

BITX

BITX Risk / Return Rank: 3
BITX Sharpe Ratio Rank: 3
BITX Sortino Ratio Rank: 4
BITX Omega Ratio Rank: 4
BITX Calmar Ratio Rank: 2
BITX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	-0.32	-0.59	+0.27
Sortino ratio Return per unit of downside risk	0.31	-0.53	+0.84
Omega ratio Gain probability vs. loss probability	1.03	0.94	+0.09
Calmar ratio Return relative to maximum drawdown	-0.69	-0.70	+0.01
Martin ratio Return relative to average drawdown	-0.98	-1.35	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CYN vs. BITX - Sharpe Ratio Comparison

The current CYN Sharpe Ratio is -0.32, which is higher than the BITX Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of CYN and BITX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CYN	BITX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	-0.59	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	0.09	-0.54

Correlation

The correlation between CYN and BITX is 0.21, 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.

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 36.66%.

	TTM	2025	2024
CYN CYNGN Inc.	0.00%	0.00%	0.00%
BITX Volatility Shares 2x Bitcoin Strategy ETF	36.66%	21.69%	10.70%

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.

Drawdown Indicators

	CYN	BITX	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-77.88%	-22.12%
Max Drawdown (1Y) Largest decline over 1 year	-91.55%	-77.88%	-13.67%
Current Drawdown Current decline from peak	-100.00%	-76.44%	-23.56%
Average Drawdown Average peak-to-trough decline	-90.24%	-29.19%	-61.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	64.67%	40.45%	+24.22%

Volatility

CYN vs. BITX - Volatility Comparison

CYNGN Inc. (CYN) has a higher volatility of 42.32% compared to Volatility Shares 2x Bitcoin Strategy ETF (BITX) at 26.02%. This indicates that CYN's price experiences larger fluctuations and is considered to be riskier than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CYN	BITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	42.32%	26.02%	+16.30%
Volatility (6M) Calculated over the trailing 6-month period	76.90%	73.70%	+3.20%
Volatility (1Y) Calculated over the trailing 1-year period	199.43%	90.25%	+109.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.87%	99.89%	+101.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.87%	99.89%	+101.98%