DIME vs. MSBT

Last updated Jun 24, 2026

DIME (CoinShares Altcoins ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. DIME is actively managed, while MSBT is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. DIME charges 0.00%/yr vs 0.14%/yr for MSBT.

Performance

DIME vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoinShares Altcoins ETF (DIME) and Morgan Stanley Bitcoin Trust (MSBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DIME

• 1D: -5.10%
• 1M: -18.42%
• YTD: -32.91%
• 6M: -32.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSBT

• 1D: -3.30%
• 1M: -17.76%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIME vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
DIME CoinShares Altcoins ETF	-1.08%
MSBT Morgan Stanley Bitcoin Trust	-14.09%

Correlation

The correlation between DIME and MSBT is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.70

Return for Risk

DIME vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Altcoins ETF (DIME) and Morgan Stanley Bitcoin Trust (MSBT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DIME vs. MSBT - Drawdown Comparison

The maximum DIME drawdown since its inception was -72.54%, which is greater than MSBT's maximum drawdown of -26.46%. Use the drawdown chart below to compare losses from any high point for DIME and MSBT.

Drawdown Indicators

	DIME	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-72.54%	-26.46%	-46.08%
Current Drawdown Current decline from peak	-72.01%	-23.99%	-48.02%
Average Drawdown Average peak-to-trough decline	-58.40%	-8.48%	-49.92%

Volatility

Volatility by Period

	DIME	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	78.88%	37.06%	+41.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.88%	37.06%	+41.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.88%	37.06%	+41.82%

DIME vs. MSBT - Expense Ratio Comparison

DIME has a 0.00% expense ratio, which is lower than MSBT's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DIME vs. MSBT - Dividend Comparison

Neither DIME nor MSBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DIME and MSBT in my portfolio?

DIME and MSBT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DIME or MSBT?

On fees, DIME is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIME or MSBT?

DIME is cheaper with a 0.00% expense ratio, compared with 0.14% for MSBT.

Which ETF pays a higher dividend yield, DIME or MSBT?

DIME and MSBT have nearly identical dividend yields, around 0.00%.

What is the main difference between DIME and MSBT?

They also come from different issuers: CoinShares and Morgan Stanley. Their fees differ too: 0.00% for DIME and 0.14% for MSBT.