IBIT vs. BTCO
Compare and contrast key facts about iShares Bitcoin Trust (IBIT) and Invesco Galaxy Bitcoin ETF (BTCO).
IBIT and BTCO 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. BTCO is a passively managed fund by Invesco that tracks the performance of the Lukka Prime Reference Bitcoin Rate. It was launched on Jan 11, 2024. Both IBIT and BTCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBIT or BTCO.
Key characteristics
| IBIT | BTCO | |
|---|---|---|
| Daily Std Dev | 57.98% | 57.55% |
| Max Drawdown | -27.51% | -27.35% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IBIT and BTCO 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. BTCO - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBIT vs. BTCO - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than BTCO's 0.39% expense ratio.
Risk-Adjusted Performance
IBIT vs. BTCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust (IBIT) and Invesco Galaxy Bitcoin ETF (BTCO). 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.
Not enough dataDividends
IBIT vs. BTCO - Dividend Comparison
Neither IBIT nor BTCO has paid dividends to shareholders.
Drawdowns
IBIT vs. BTCO - Drawdown Comparison
The maximum IBIT drawdown since its inception was -27.51%, roughly equal to the maximum BTCO drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for IBIT and BTCO. For additional features, visit the drawdowns tool.
Volatility
IBIT vs. BTCO - Volatility Comparison
iShares Bitcoin Trust (IBIT) and Invesco Galaxy Bitcoin ETF (BTCO) have volatilities of 18.50% and 18.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.