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LEGR vs. IBIT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between LEGR and IBIT is 0.29, 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.


-0.50.00.51.00.3

Performance

LEGR vs. IBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) and iShares Bitcoin Trust (IBIT). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
8.57%
62.33%
LEGR
IBIT

Key characteristics

Daily Std Dev

LEGR:

13.50%

IBIT:

57.34%

Max Drawdown

LEGR:

-36.12%

IBIT:

-27.51%

Current Drawdown

LEGR:

-3.34%

IBIT:

-9.75%

Returns By Period


LEGR

YTD

16.24%

1M

-0.09%

6M

9.01%

1Y

17.51%

5Y*

10.14%

10Y*

N/A

IBIT

YTD

N/A

1M

2.03%

6M

49.84%

1Y

N/A

5Y*

N/A

10Y*

N/A

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


LEGR vs. IBIT - Expense Ratio Comparison

LEGR has a 0.65% expense ratio, which is higher than IBIT's 0.25% expense ratio.


LEGR
First Trust Indxx Innovative Transaction & Process ETF
Expense ratio chart for LEGR: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for IBIT: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

LEGR vs. IBIT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) and iShares Bitcoin Trust (IBIT). 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.


Sharpe ratio
The chart of Sharpe ratio for LEGR, currently valued at 1.45, compared to the broader market0.002.004.001.45
The chart of Sortino ratio for LEGR, currently valued at 2.05, compared to the broader market-2.000.002.004.006.008.0010.002.05
The chart of Omega ratio for LEGR, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.25
The chart of Calmar ratio for LEGR, currently valued at 2.71, compared to the broader market0.005.0010.0015.002.71
The chart of Martin ratio for LEGR, currently valued at 9.77, compared to the broader market0.0020.0040.0060.0080.00100.009.77
LEGR
IBIT


Chart placeholderNot enough data

Dividends

LEGR vs. IBIT - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 2.28%, while IBIT has not paid dividends to shareholders.


TTM202320222021202020192018
LEGR
First Trust Indxx Innovative Transaction & Process ETF
1.91%2.56%2.64%1.80%0.95%2.04%1.30%
IBIT
iShares Bitcoin Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

LEGR vs. IBIT - Drawdown Comparison

The maximum LEGR drawdown since its inception was -36.12%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for LEGR and IBIT. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.34%
-9.75%
LEGR
IBIT

Volatility

LEGR vs. IBIT - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 2.96%, while iShares Bitcoin Trust (IBIT) has a volatility of 16.10%. This indicates that LEGR experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
2.96%
16.10%
LEGR
IBIT
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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