IB1T.DE vs. BITX
IB1T.DE (iShares Bitcoin ETP) and BITX (2x Bitcoin Strategy ETF) are both Cryptocurrency funds. IB1T.DE is actively managed, while BITX is passively managed. Over the past year, IB1T.DE returned -40.55% vs -74.44% for BITX. A 0.80 correlation means they provide meaningful diversification when combined. IB1T.DE charges 0.25%/yr vs 2.38%/yr for BITX.
Performance
IB1T.DE vs. BITX - Performance Comparison
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Different Trading Currencies
IB1T.DE is traded in EUR, while BITX is traded in USD. To make them comparable, the BITX values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IB1T.DE achieves a -26.48% return, which is significantly higher than BITX's -54.44% return.
IB1T.DE
- 1D
- -3.76%
- 1M
- -21.23%
- YTD
- -26.48%
- 6M
- -30.96%
- 1Y
- -40.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITX
- 1D
- -5.68%
- 1M
- -40.23%
- YTD
- -54.44%
- 6M
- -60.45%
- 1Y
- -74.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IB1T.DE vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IB1T.DE iShares Bitcoin ETP | -26.48% | -15.22% |
BITX 2x Bitcoin Strategy ETF | -54.44% | -29.97% |
Correlation
The correlation between IB1T.DE and BITX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | 0.80 |
The correlation between IB1T.DE and BITX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
IB1T.DE vs. BITX — Risk / Return Rank
IB1T.DE
BITX
IB1T.DE vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin ETP (IB1T.DE) 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.
| IB1T.DE | BITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.83 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.93 | +0.11 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.48 | +0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IB1T.DE | BITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.02 | -0.86 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.81 | 0.00 | -0.81 |
Drawdowns
IB1T.DE vs. BITX - Drawdown Comparison
The maximum IB1T.DE drawdown since its inception was -49.39%, smaller than the maximum BITX drawdown of -81.71%. Use the drawdown chart below to compare losses from any high point for IB1T.DE and BITX.
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Drawdown Indicators
| IB1T.DE | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.39% | -81.71% | +32.32% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | -79.93% | +30.54% |
Current DrawdownCurrent decline from peak | -48.64% | -81.71% | +33.07% |
Average DrawdownAverage peak-to-trough decline | -20.44% | -33.43% | +12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.18% | 50.22% | -22.04% |
Volatility
IB1T.DE vs. BITX - Volatility Comparison
The current volatility for iShares Bitcoin ETP (IB1T.DE) is 9.86%, while 2x Bitcoin Strategy ETF (BITX) has a volatility of 18.44%. This indicates that IB1T.DE 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
| IB1T.DE | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.86% | 18.44% | -8.58% |
Volatility (6M)Calculated over the trailing 6-month period | 31.08% | 67.80% | -36.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.64% | 86.35% | -46.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.27% | 98.07% | -57.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.27% | 98.07% | -57.80% |
IB1T.DE vs. BITX - Expense Ratio Comparison
IB1T.DE has a 0.25% expense ratio, which is lower than BITX's 2.38% expense ratio.
Dividends
IB1T.DE vs. BITX - Dividend Comparison
IB1T.DE has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 35.20%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 35.20% | 21.69% | 10.70% |
IB1T.DE iShares Bitcoin ETP | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IB1T.DE and BITX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB1T.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB1T.DE is cheaper with a 0.25% expense ratio, compared with 2.38% for BITX.
They also come from different issuers: iShares and Volatility Shares. Their fees differ too: 0.25% for IB1T.DE and 2.38% for BITX.
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