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WGMI vs. BITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

WGMI vs. BITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valkyrie Bitcoin Miners ETF (WGMI) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). The values are adjusted to include any dividend payments, if applicable.

-60.00%-40.00%-20.00%0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
54.56%
40.09%
WGMI
BITX

Returns By Period

In the year-to-date period, WGMI achieves a 47.00% return, which is significantly lower than BITX's 190.93% return.


WGMI

YTD

47.00%

1M

17.60%

6M

54.56%

1Y

178.61%

5Y (annualized)

N/A

10Y (annualized)

N/A

BITX

YTD

190.93%

1M

86.14%

6M

40.09%

1Y

246.50%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


WGMIBITX
Sharpe Ratio1.932.05
Sortino Ratio2.562.63
Omega Ratio1.291.31
Calmar Ratio2.563.81
Martin Ratio6.657.19
Ulcer Index25.70%32.50%
Daily Std Dev88.36%114.16%
Max Drawdown-85.76%-61.28%
Current Drawdown-12.18%0.00%

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WGMI vs. BITX - Expense Ratio Comparison

WGMI has a 0.75% expense ratio, which is lower than BITX's 1.85% expense ratio.


BITX
Volatility Shares 2x Bitcoin Strategy ETF
Expense ratio chart for BITX: current value at 1.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.85%
Expense ratio chart for WGMI: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Correlation

-0.50.00.51.00.7

The correlation between WGMI and BITX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

WGMI vs. BITX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Miners ETF (WGMI) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.


Sharpe ratio
The chart of Sharpe ratio for WGMI, currently valued at 1.93, compared to the broader market0.002.004.001.932.05
The chart of Sortino ratio for WGMI, currently valued at 2.56, compared to the broader market-2.000.002.004.006.008.0010.0012.002.562.63
The chart of Omega ratio for WGMI, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.001.291.31
The chart of Calmar ratio for WGMI, currently valued at 3.42, compared to the broader market0.005.0010.0015.003.423.81
The chart of Martin ratio for WGMI, currently valued at 6.65, compared to the broader market0.0020.0040.0060.0080.00100.006.657.19
WGMI
BITX

The current WGMI Sharpe Ratio is 1.93, which is comparable to the BITX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of WGMI and BITX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovember
1.93
2.05
WGMI
BITX

Dividends

WGMI vs. BITX - Dividend Comparison

WGMI's dividend yield for the trailing twelve months is around 0.21%, less than BITX's 7.47% yield.


TTM2023
WGMI
Valkyrie Bitcoin Miners ETF
0.21%0.31%
BITX
Volatility Shares 2x Bitcoin Strategy ETF
7.47%0.00%

Drawdowns

WGMI vs. BITX - Drawdown Comparison

The maximum WGMI drawdown since its inception was -85.76%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for WGMI and BITX. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-12.18%
0
WGMI
BITX

Volatility

WGMI vs. BITX - Volatility Comparison

The current volatility for Valkyrie Bitcoin Miners ETF (WGMI) is 30.39%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 35.38%. This indicates that WGMI experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
30.39%
35.38%
WGMI
BITX