GABC vs. BITX
GABC (German American Bancorp, Inc.) is a stock, while BITX (2x Bitcoin Strategy ETF) is Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). Over the past year, GABC returned 23.12% vs -74.95% for BITX. At a 0.20 correlation, their price movements are largely independent.
Performance
GABC vs. BITX - Performance Comparison
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Returns By Period
In the year-to-date period, GABC achieves a 18.84% return, which is significantly higher than BITX's -55.39% return.
GABC
- 1D
- 1.37%
- 1M
- 8.77%
- YTD
- 18.84%
- 6M
- 13.82%
- 1Y
- 23.12%
- 3Y*
- 18.48%
- 5Y*
- 5.99%
- 10Y*
- 10.48%
BITX
- 1D
- 0.08%
- 1M
- -37.85%
- YTD
- -55.39%
- 6M
- -58.72%
- 1Y
- -74.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GABC vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GABC German American Bancorp, Inc. | 18.84% | 0.34% | 27.90% | 19.66% |
BITX 2x Bitcoin Strategy ETF | -55.39% | -38.71% | 163.41% | 46.18% |
Correlation
The correlation between GABC and BITX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.20 |
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Return for Risk
GABC vs. BITX — Risk / Return Rank
GABC
BITX
GABC vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for German American Bancorp, Inc. (GABC) and 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.
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.
| GABC | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.83 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | -0.91 | +2.97 |
| Martin ratioReturn relative to average drawdown | 5.09 | -1.45 | +6.53 |
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Drawdowns
GABC vs. BITX - Drawdown Comparison
The maximum GABC drawdown since its inception was -63.37%, smaller than the maximum BITX drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for GABC and BITX.
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Drawdown Indicators
| GABC | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.37% | -82.16% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -82.16% | +70.86% |
Max Drawdown (3Y)Largest decline over 3 years | -25.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -80.28% | +80.28% |
Average DrawdownAverage peak-to-trough decline | -22.04% | -32.12% | +10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 51.79% | -47.21% |
Volatility
GABC vs. BITX - Volatility Comparison
The current volatility for German American Bancorp, Inc. (GABC) is 5.74%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 24.10%. This indicates that GABC experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABC | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 24.10% | -18.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 69.17% | -53.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 87.50% | -64.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.65% | 98.23% | -71.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.87% | 98.23% | -69.36% |
Dividends
GABC vs. BITX - Dividend Comparison
GABC's dividend yield for the trailing twelve months is around 2.61%, less than BITX's 35.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 35.54% | 21.69% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GABC German American Bancorp, Inc. | 2.61% | 2.96% | 2.69% | 3.09% | 2.47% | 2.15% | 2.30% | 1.91% | 2.16% | 1.46% | 1.37% | 2.04% |
Frequently Asked Questions
GABC and BITX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (24.10%) compared to GABC (5.74%). In terms of maximum drawdown, GABC dropped -63.37% vs BITX's -82.16%.
GABC currently has the higher Sharpe Ratio (1.01 vs -0.86), 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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