IBIT vs. BITX
Compare and contrast key facts about iShares Bitcoin Trust (IBIT) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
IBIT and BITX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBIT or BITX.
Correlation
The correlation between IBIT and BITX is 1.00, 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.
Performance
IBIT vs. BITX - Performance Comparison
Key characteristics
IBIT:
2.54
BITX:
1.98
IBIT:
3.02
BITX:
2.57
IBIT:
1.36
BITX:
1.30
IBIT:
5.24
BITX:
3.70
IBIT:
12.06
BITX:
6.98
IBIT:
11.96%
BITX:
32.47%
IBIT:
56.90%
BITX:
114.47%
IBIT:
-27.51%
BITX:
-61.28%
IBIT:
-1.83%
BITX:
-9.40%
Returns By Period
In the year-to-date period, IBIT achieves a 12.38% return, which is significantly lower than BITX's 23.52% return.
IBIT
12.38%
4.27%
55.26%
155.44%
N/A
N/A
BITX
23.52%
3.31%
81.70%
258.95%
N/A
N/A
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IBIT vs. BITX - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
IBIT vs. BITX — Risk-Adjusted Performance Rank
IBIT
BITX
IBIT vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust (IBIT) and Volatility Shares 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.
Dividends
IBIT vs. BITX - Dividend Comparison
IBIT has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 8.67%.
| TTM | 2024 | |
|---|---|---|
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 8.67% | 10.71% |
Drawdowns
IBIT vs. BITX - Drawdown Comparison
The maximum IBIT drawdown since its inception was -27.51%, smaller than the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for IBIT and BITX. For additional features, visit the drawdowns tool.
Volatility
IBIT vs. BITX - Volatility Comparison
The current volatility for iShares Bitcoin Trust (IBIT) is 15.88%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 33.03%. This indicates that IBIT 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.