ZZZ.TO vs. IBIT
Compare and contrast key facts about Sleep Country Canada Holdings Inc. (ZZZ.TO) 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: ZZZ.TO or IBIT.
Correlation
The correlation between ZZZ.TO and IBIT is 0.14, 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
ZZZ.TO vs. IBIT - Performance Comparison
Key characteristics
Returns By Period
ZZZ.TO
N/A
N/A
N/A
N/A
N/A
N/A
IBIT
4.30%
-2.31%
62.59%
87.43%
N/A
N/A
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Risk-Adjusted Performance
ZZZ.TO vs. IBIT — Risk-Adjusted Performance Rank
ZZZ.TO
IBIT
ZZZ.TO vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sleep Country Canada Holdings Inc. (ZZZ.TO) 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
ZZZ.TO vs. IBIT - Dividend Comparison
Neither ZZZ.TO nor IBIT has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ZZZ.TO Sleep Country Canada Holdings Inc. | 2.03% | 2.03% | 3.62% | 3.66% | 2.08% | 1.47% | 3.81% | 3.61% | 1.93% | 1.95% | 0.75% |
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% |
Drawdowns
ZZZ.TO vs. IBIT - Drawdown Comparison
Volatility
ZZZ.TO vs. IBIT - Volatility Comparison
The current volatility for Sleep Country Canada Holdings Inc. (ZZZ.TO) is 0.00%, while iShares Bitcoin Trust (IBIT) has a volatility of 9.40%. This indicates that ZZZ.TO experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.