ERIC vs. BITB
ERIC (Telefonaktiebolaget LM Ericsson (publ)) is a stock, while BITB (Bitwise Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, ERIC returned 51.44% vs -39.67% for BITB. At a 0.22 correlation, their price movements are largely independent.
Performance
ERIC vs. BITB - Performance Comparison
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Returns By Period
In the year-to-date period, ERIC achieves a 29.07% return, which is significantly higher than BITB's -27.42% return.
ERIC
- 1D
- 1.15%
- 1M
- -1.76%
- YTD
- 29.07%
- 6M
- 30.15%
- 1Y
- 51.44%
- 3Y*
- 37.54%
- 5Y*
- 2.33%
- 10Y*
- 8.16%
BITB
- 1D
- 0.03%
- 1M
- -19.63%
- YTD
- -27.42%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERIC vs. BITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 29.07% | 24.14% | 36.17% |
BITB Bitwise Bitcoin ETF | -27.42% | -6.47% | 89.74% |
Correlation
The correlation between ERIC and BITB is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.22 |
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Return for Risk
ERIC vs. BITB — Risk / Return Rank
ERIC
BITB
ERIC vs. BITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Bitwise Bitcoin ETF (BITB). 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.
| ERIC | BITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.85 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | -0.78 | +3.92 |
| Martin ratioReturn relative to average drawdown | 7.76 | -1.37 | +9.13 |
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Drawdowns
ERIC vs. BITB - Drawdown Comparison
The maximum ERIC drawdown since its inception was -98.59%, which is greater than BITB's maximum drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for ERIC and BITB.
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Drawdown Indicators
| ERIC | BITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.59% | -52.04% | -46.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -52.04% | +36.25% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -63.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | — | — |
Current DrawdownCurrent decline from peak | -82.52% | -49.44% | -33.08% |
Average DrawdownAverage peak-to-trough decline | -67.77% | -16.54% | -51.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 29.62% | -23.24% |
Volatility
ERIC vs. BITB - Volatility Comparison
Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a higher volatility of 14.05% compared to Bitwise Bitcoin ETF (BITB) at 11.94%. This indicates that ERIC's price experiences larger fluctuations and is considered to be riskier than BITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERIC | BITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.05% | 11.94% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 24.72% | 34.40% | -9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.24% | 43.98% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.63% | 50.04% | -15.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.26% | 50.04% | -14.78% |
Dividends
ERIC vs. BITB - Dividend Comparison
ERIC's dividend yield for the trailing twelve months is around 2.55%, while BITB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITB Bitwise Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERIC Telefonaktiebolaget LM Ericsson (publ) | 2.55% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
Frequently Asked Questions
ERIC and BITB have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIC has higher volatility (14.05%) compared to BITB (11.94%). In terms of maximum drawdown, ERIC dropped -98.59% vs BITB's -52.04%.
ERIC currently has the higher Sharpe Ratio (1.37 vs -0.93), 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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