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 0.18, 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:
0.22
IBIT:
1.45
SFTBY:
0.58
IBIT:
2.15
SFTBY:
1.07
IBIT:
1.25
SFTBY:
0.18
IBIT:
2.97
SFTBY:
0.53
IBIT:
6.72
SFTBY:
16.98%
IBIT:
12.17%
SFTBY:
41.34%
IBIT:
56.40%
SFTBY:
-65.46%
IBIT:
-27.51%
SFTBY:
-37.36%
IBIT:
-11.21%
Returns By Period
In the year-to-date period, SFTBY achieves a 5.31% return, which is significantly higher than IBIT's 1.64% return.
SFTBY
5.31%
-11.00%
2.36%
3.48%
4.48%
8.04%
IBIT
1.64%
-9.20%
48.62%
81.43%
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 -27.51%. 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 13.17% compared to iShares Bitcoin Trust (IBIT) at 9.86%. 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.