TIMB vs. BITB
TIMB (TIM S.A.) is a stock, while BITB (Bitwise Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, TIMB returned 31.26% vs -39.67% for BITB. At a 0.12 correlation, their price movements are largely independent.
Performance
TIMB vs. BITB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TIMB achieves a 15.30% return, which is significantly higher than BITB's -27.42% return.
TIMB
- 1D
- 0.54%
- 1M
- 1.69%
- YTD
- 15.30%
- 6M
- 11.44%
- 1Y
- 31.26%
- 3Y*
- 22.01%
- 5Y*
- 19.21%
- 10Y*
- —
BITB
- 1D
- 0.03%
- 1M
- -19.63%
- YTD
- -27.42%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIMB vs. BITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TIMB TIM S.A. | 15.30% | 86.96% | -30.21% |
BITB Bitwise Bitcoin ETF | -27.42% | -6.47% | 89.74% |
Correlation
The correlation between TIMB and BITB is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TIMB vs. BITB — Risk / Return Rank
TIMB
BITB
TIMB vs. BITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIM S.A. (TIMB) and Bitwise Bitcoin ETF (BITB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIMB | BITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.85 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | -0.78 | +2.01 |
| Martin ratioReturn relative to average drawdown | 3.35 | -1.37 | +4.73 |
Loading charts...
Drawdowns
TIMB vs. BITB - Drawdown Comparison
The maximum TIMB drawdown since its inception was -37.08%, smaller than the maximum BITB drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for TIMB and BITB.
Loading charts...
Drawdown Indicators
| TIMB | BITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.08% | -52.04% | +14.96% |
Max Drawdown (1Y)Largest decline over 1 year | -23.82% | -52.04% | +28.22% |
Max Drawdown (3Y)Largest decline over 3 years | -37.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.08% | — | — |
Current DrawdownCurrent decline from peak | -20.28% | -49.44% | +29.16% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -16.54% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.68% | 29.62% | -20.94% |
Volatility
TIMB vs. BITB - Volatility Comparison
The current volatility for TIM S.A. (TIMB) is 6.33%, while Bitwise Bitcoin ETF (BITB) has a volatility of 11.94%. This indicates that TIMB experiences smaller price fluctuations and is considered to be less risky than BITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TIMB | BITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 11.94% | -5.61% |
Volatility (6M)Calculated over the trailing 6-month period | 25.37% | 34.40% | -9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.42% | 43.98% | -12.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.55% | 50.04% | -18.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.10% | 50.04% | -17.94% |
Dividends
TIMB vs. BITB - Dividend Comparison
TIMB's dividend yield for the trailing twelve months is around 8.17%, while BITB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BITB Bitwise Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIMB TIM S.A. | 8.17% | 11.67% | 6.03% | 4.98% | 4.05% | 3.43% | 3.05% |
Frequently Asked Questions
TIMB and BITB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITB has higher volatility (11.94%) compared to TIMB (6.33%). In terms of maximum drawdown, TIMB dropped -37.08% vs BITB's -52.04%.
TIMB currently has the higher Sharpe Ratio (0.93 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for TIMB and BITB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer