SFTBY vs. IBIT
Compare and contrast key facts about SoftBank Group Corp. (SFTBY) 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: SFTBY or IBIT.
Correlation
The correlation between SFTBY and IBIT is 0.37, 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
SFTBY vs. IBIT - Performance Comparison
Key characteristics
SFTBY:
0.01
IBIT:
1.21
SFTBY:
0.26
IBIT:
1.83
SFTBY:
1.03
IBIT:
1.22
SFTBY:
-0.04
IBIT:
2.24
SFTBY:
-0.10
IBIT:
4.90
SFTBY:
21.46%
IBIT:
12.90%
SFTBY:
46.13%
IBIT:
53.96%
SFTBY:
-65.46%
IBIT:
-28.22%
SFTBY:
-47.41%
IBIT:
-3.41%
Returns By Period
In the year-to-date period, SFTBY achieves a -11.59% return, which is significantly lower than IBIT's 10.57% return.
SFTBY
-11.59%
7.33%
-16.10%
0.39%
3.63%
5.90%
IBIT
10.57%
25.26%
34.26%
64.87%
N/A
N/A
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Risk-Adjusted Performance
SFTBY vs. IBIT — Risk-Adjusted Performance Rank
SFTBY
IBIT
SFTBY vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SoftBank Group Corp. (SFTBY) 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
SFTBY vs. IBIT - Dividend Comparison
Neither SFTBY nor IBIT has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFTBY SoftBank Group Corp. | 0.00% | 0.00% | 0.70% | 0.77% | 0.81% | 0.54% | 0.71% | 0.61% | 0.49% | 0.59% | 1.29% | 1.19% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SFTBY vs. IBIT - Drawdown Comparison
The maximum SFTBY drawdown since its inception was -65.46%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for SFTBY and IBIT. For additional features, visit the drawdowns tool.
Volatility
SFTBY vs. IBIT - Volatility Comparison
SoftBank Group Corp. (SFTBY) has a higher volatility of 13.56% compared to iShares Bitcoin Trust (IBIT) at 10.78%. This indicates that SFTBY's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.