IMST vs. ARR
IMST (Bitwise Funds Trust) is Derivative Income fund actively managed by Bitwise, while ARR (ARMOUR Residential REIT, Inc.) is a stock. Over the past year, IMST returned -66.17% vs 21.52% for ARR. At a 0.22 correlation, their price movements are largely independent.
Performance
IMST vs. ARR - Performance Comparison
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Returns By Period
In the year-to-date period, IMST achieves a -25.05% return, which is significantly lower than ARR's 3.06% return.
IMST
- 1D
- -1.74%
- 1M
- -26.67%
- YTD
- -25.05%
- 6M
- -27.13%
- 1Y
- -66.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARR
- 1D
- 1.51%
- 1M
- 2.83%
- YTD
- 3.06%
- 6M
- 4.12%
- 1Y
- 21.52%
- 3Y*
- 3.48%
- 5Y*
- -7.55%
- 10Y*
- -3.66%
IMST vs. ARR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMST Bitwise Funds Trust | -25.05% | -46.36% |
ARR ARMOUR Residential REIT, Inc. | 3.06% | 21.05% |
Correlation
The correlation between IMST and ARR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.22 |
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Return for Risk
IMST vs. ARR — Risk / Return Rank
IMST
ARR
IMST vs. ARR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Funds Trust (IMST) and ARMOUR Residential REIT, Inc. (ARR). 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.
| IMST | ARR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.17 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 1.29 | -2.23 |
| Martin ratioReturn relative to average drawdown | -1.36 | 3.54 | -4.90 |
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Drawdowns
IMST vs. ARR - Drawdown Comparison
The maximum IMST drawdown since its inception was -70.68%, smaller than the maximum ARR drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for IMST and ARR.
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Drawdown Indicators
| IMST | ARR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.68% | -80.12% | +9.44% |
Max Drawdown (1Y)Largest decline over 1 year | -70.68% | -16.79% | -53.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -65.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -78.34% | — |
Current DrawdownCurrent decline from peak | -70.68% | -61.55% | -9.13% |
Average DrawdownAverage peak-to-trough decline | -36.57% | -33.19% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.73% | 6.09% | +42.64% |
Volatility
IMST vs. ARR - Volatility Comparison
Bitwise Funds Trust (IMST) has a higher volatility of 17.47% compared to ARMOUR Residential REIT, Inc. (ARR) at 6.37%. This indicates that IMST's price experiences larger fluctuations and is considered to be riskier than ARR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMST | ARR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | 6.37% | +11.10% |
Volatility (6M)Calculated over the trailing 6-month period | 44.16% | 18.18% | +25.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.04% | 23.76% | +34.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.62% | 29.09% | +30.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.62% | 34.26% | +25.36% |
Dividends
IMST vs. ARR - Dividend Comparison
IMST's dividend yield for the trailing twelve months is around 251.60%, more than ARR's 17.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARR ARMOUR Residential REIT, Inc. | 17.14% | 16.28% | 15.27% | 25.88% | 21.31% | 12.23% | 11.12% | 12.09% | 11.12% | 8.86% | 13.92% | 17.88% |
IMST Bitwise Funds Trust | 251.60% | 195.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IMST and ARR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMST has higher volatility (17.47%) compared to ARR (6.37%). In terms of maximum drawdown, IMST dropped -70.68% vs ARR's -80.12%.
ARR currently has the higher Sharpe Ratio (0.91 vs -1.14), 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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