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 -62.31% vs 23.59% for ARR. At a 0.22 correlation, their price movements are largely independent.
Performance
IMST vs. ARR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IMST achieves a -14.98% return, which is significantly lower than ARR's 3.25% return.
IMST
- 1D
- -5.79%
- 1M
- -25.22%
- YTD
- -14.98%
- 6M
- -28.07%
- 1Y
- -62.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARR
- 1D
- -1.10%
- 1M
- 0.11%
- YTD
- 3.25%
- 6M
- 5.75%
- 1Y
- 23.59%
- 3Y*
- 3.67%
- 5Y*
- -8.20%
- 10Y*
- -3.92%
IMST vs. ARR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMST Bitwise Funds Trust | -14.98% | -44.26% |
ARR ARMOUR Residential REIT, Inc. | 3.25% | 23.56% |
Correlation
The correlation between IMST and ARR is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | 0.22 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| IMST | ARR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.19 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.41 | -2.30 |
| Martin ratioReturn relative to average drawdown | -1.35 | 3.97 | -5.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IMST | ARR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.10 | 1.02 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.80 | -0.11 | -0.69 |
Drawdowns
IMST vs. ARR - Drawdown Comparison
The maximum IMST drawdown since its inception was -69.86%, 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.
Loading charts...
Drawdown Indicators
| IMST | ARR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.86% | -80.12% | +10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -69.86% | -16.79% | -53.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -78.34% | — |
Current DrawdownCurrent decline from peak | -66.74% | -61.49% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -35.27% | -33.12% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.22% | 5.95% | +40.27% |
Volatility
IMST vs. ARR - Volatility Comparison
Bitwise Funds Trust (IMST) has a higher volatility of 14.83% compared to ARMOUR Residential REIT, Inc. (ARR) at 5.11%. 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.
Loading charts...
Volatility by Period
| IMST | ARR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.83% | 5.11% | +9.72% |
Volatility (6M)Calculated over the trailing 6-month period | 44.06% | 18.00% | +26.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.91% | 23.43% | +33.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.73% | 29.04% | +30.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.73% | 34.21% | +25.52% |
Dividends
IMST vs. ARR - Dividend Comparison
IMST's dividend yield for the trailing twelve months is around 221.80%, more than ARR's 16.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARR ARMOUR Residential REIT, Inc. | 16.87% | 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 | 221.80% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMST has higher volatility (14.83%) compared to ARR (5.11%). In terms of maximum drawdown, IMST dropped -69.86% vs ARR's -80.12%.
ARR currently has the higher Sharpe Ratio (1.02 vs -1.10), 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.
Find the right allocation for IMST and ARR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer