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 0.23, 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:
-0.20
IBIT:
0.64
SFTBY:
0.03
IBIT:
1.26
SFTBY:
1.00
IBIT:
1.14
SFTBY:
-0.16
IBIT:
1.24
SFTBY:
-0.46
IBIT:
2.75
SFTBY:
20.02%
IBIT:
12.74%
SFTBY:
46.44%
IBIT:
54.56%
SFTBY:
-65.46%
IBIT:
-28.22%
SFTBY:
-50.98%
IBIT:
-20.53%
Returns By Period
In the year-to-date period, SFTBY achieves a -17.59% return, which is significantly lower than IBIT's -9.03% return.
SFTBY
-17.59%
-9.07%
-22.08%
-5.38%
2.36%
4.70%
IBIT
-9.03%
-0.72%
23.52%
33.28%
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 22.09% compared to iShares Bitcoin Trust (IBIT) at 16.56%. 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.