XBTF vs. BITQ
Compare and contrast key facts about VanEck Bitcoin Strategy ETF (XBTF) and Bitwise Crypto Industry Innovators ETF (BITQ).
XBTF and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBTF is an actively managed fund by VanEck. It was launched on Nov 15, 2021. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBTF or BITQ.
Key characteristics
| XBTF | BITQ |
|---|
Correlation
The correlation between XBTF and BITQ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XBTF vs. BITQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBTF vs. BITQ - Expense Ratio Comparison
XBTF has a 0.65% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Risk-Adjusted Performance
XBTF vs. BITQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Strategy ETF (XBTF) and Bitwise Crypto Industry Innovators ETF (BITQ). 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
XBTF vs. BITQ - Dividend Comparison
XBTF has not paid dividends to shareholders, while BITQ's dividend yield for the trailing twelve months is around 1.54%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
XBTF VanEck Bitcoin Strategy ETF | 101.35% | 0.18% | 0.00% | 0.00% |
BITQ Bitwise Crypto Industry Innovators ETF | 1.54% | 1.51% | 0.00% | 3.12% |
Drawdowns
XBTF vs. BITQ - Drawdown Comparison
Volatility
XBTF vs. BITQ - Volatility Comparison
The current volatility for VanEck Bitcoin Strategy ETF (XBTF) is 0.00%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 14.78%. This indicates that XBTF experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.