DEFI vs. BTC-USD
Compare and contrast key facts about Hashdex Bitcoin Futures ETF (DEFI) and Bitcoin (BTC-USD).
DEFI is a passively managed fund by Hashdex that tracks the performance of the HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index. It was launched on Sep 15, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DEFI or BTC-USD.
Performance
DEFI vs. BTC-USD - Performance Comparison
Returns By Period
In the year-to-date period, DEFI achieves a 105.10% return, which is significantly lower than BTC-USD's 115.46% return.
DEFI
105.10%
34.64%
35.72%
134.73%
N/A
N/A
BTC-USD
115.46%
34.69%
35.81%
151.88%
60.40%
73.18%
Key characteristics
| DEFI | BTC-USD | |
|---|---|---|
| Sharpe Ratio | 2.19 | 0.95 |
| Sortino Ratio | 2.74 | 1.65 |
| Omega Ratio | 1.32 | 1.16 |
| Calmar Ratio | 4.38 | 0.78 |
| Martin Ratio | 9.87 | 3.92 |
| Ulcer Index | 12.62% | 13.19% |
| Daily Std Dev | 56.94% | 44.42% |
| Max Drawdown | -28.43% | -93.07% |
| Current Drawdown | 0.00% | 0.00% |
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Correlation
The correlation between DEFI and BTC-USD is 0.72, 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.
Risk-Adjusted Performance
DEFI vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Bitcoin Futures ETF (DEFI) and Bitcoin (BTC-USD). 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.
Drawdowns
DEFI vs. BTC-USD - Drawdown Comparison
The maximum DEFI drawdown since its inception was -28.43%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for DEFI and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
DEFI vs. BTC-USD - Volatility Comparison
Hashdex Bitcoin Futures ETF (DEFI) has a higher volatility of 18.81% compared to Bitcoin (BTC-USD) at 16.76%. This indicates that DEFI's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.