Correlation
The correlation between IBIT and BTCO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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.
Performance
IBIT vs. BTCO - Performance Comparison
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Key characteristics
IBIT:
1.08
BTCO:
1.10
IBIT:
1.62
BTCO:
1.63
IBIT:
1.19
BTCO:
1.19
IBIT:
1.84
BTCO:
1.86
IBIT:
4.03
BTCO:
4.08
IBIT:
12.91%
BTCO:
12.78%
IBIT:
53.03%
BTCO:
52.37%
IBIT:
-28.22%
BTCO:
-28.03%
IBIT:
-5.12%
BTCO:
-5.07%
Returns By Period
The year-to-date returns for both stocks are quite close, with IBIT having a 13.08% return and BTCO slightly lower at 12.95%.
IBIT
13.08%
10.64%
9.01%
56.55%
N/A
N/A
N/A
BTCO
12.95%
10.69%
9.11%
56.85%
N/A
N/A
N/A
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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 Rank
IBIT
BTCO
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.
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Dividends
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 -28.22%, roughly equal to the maximum BTCO drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for IBIT and BTCO.
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Volatility
IBIT vs. BTCO - Volatility Comparison
iShares Bitcoin Trust (IBIT) and Invesco Galaxy Bitcoin ETF (BTCO) have volatilities of 9.49% and 9.44%, 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.
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