MSTR vs. BITX
Compare and contrast key facts about MicroStrategy Incorporated (MSTR) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSTR or BITX.
Key characteristics
| MSTR | BITX | |
|---|---|---|
| YTD Return | 439.33% | 173.81% |
| 1Y Return | 596.51% | 244.30% |
| Sharpe Ratio | 5.53 | 1.85 |
| Sortino Ratio | 4.20 | 2.52 |
| Omega Ratio | 1.50 | 1.29 |
| Calmar Ratio | 6.70 | 3.47 |
| Martin Ratio | 27.26 | 6.54 |
| Ulcer Index | 21.03% | 32.50% |
| Daily Std Dev | 103.67% | 114.71% |
| Max Drawdown | -99.86% | -61.28% |
| Current Drawdown | -4.47% | 0.00% |
Correlation
The correlation between MSTR and BITX is 0.76, 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
MSTR vs. BITX - Performance Comparison
In the year-to-date period, MSTR achieves a 439.33% return, which is significantly higher than BITX's 173.81% return. 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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Risk-Adjusted Performance
MSTR vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (MSTR) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
Dividends
MSTR vs. BITX - Dividend Comparison
MSTR has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 7.94%.
| TTM | |
|---|---|
MSTR MicroStrategy Incorporated | 0.00% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 7.94% |
Drawdowns
MSTR vs. BITX - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for MSTR and BITX. For additional features, visit the drawdowns tool.
Volatility
MSTR vs. BITX - Volatility Comparison
The current volatility for MicroStrategy Incorporated (MSTR) is 32.85%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 36.00%. This indicates that MSTR experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.