QBTC.TO vs. IBIT
Compare and contrast key facts about The Bitcoin Fund (QBTC.TO) and iShares Bitcoin Trust (IBIT).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QBTC.TO or IBIT.
Correlation
The correlation between QBTC.TO and IBIT is 0.32, 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.
Performance
QBTC.TO vs. IBIT - Performance Comparison
Key characteristics
QBTC.TO:
1.36
IBIT:
1.19
QBTC.TO:
2.04
IBIT:
1.85
QBTC.TO:
1.23
IBIT:
1.22
QBTC.TO:
2.34
IBIT:
2.28
QBTC.TO:
5.63
IBIT:
5.01
QBTC.TO:
11.98%
IBIT:
12.84%
QBTC.TO:
49.72%
IBIT:
53.99%
QBTC.TO:
-78.06%
IBIT:
-28.22%
QBTC.TO:
-11.51%
IBIT:
-9.12%
Returns By Period
In the year-to-date period, QBTC.TO achieves a 0.65% return, which is significantly lower than IBIT's 4.03% return.
QBTC.TO
0.65%
12.88%
40.67%
55.02%
N/A
N/A
IBIT
4.03%
15.68%
40.18%
55.90%
N/A
N/A
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Risk-Adjusted Performance
QBTC.TO vs. IBIT — Risk-Adjusted Performance Rank
QBTC.TO
IBIT
QBTC.TO vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bitcoin Fund (QBTC.TO) 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.
Dividends
QBTC.TO vs. IBIT - Dividend Comparison
Neither QBTC.TO nor IBIT has paid dividends to shareholders.
Drawdowns
QBTC.TO vs. IBIT - Drawdown Comparison
The maximum QBTC.TO drawdown since its inception was -78.06%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for QBTC.TO and IBIT. For additional features, visit the drawdowns tool.
Volatility
QBTC.TO vs. IBIT - Volatility Comparison
The Bitcoin Fund (QBTC.TO) and iShares Bitcoin Trust (IBIT) have volatilities of 15.44% and 15.83%, 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.