BITB vs SPXX
Comparison between Bitwise Bitcoin ETF (BITB, ETF) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX, ETF).
BITB vs SPXX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BITB
$2.50B
SPXX
$2.50B
Expense Ratio
BITB
0.20%
SPXX
N/A
Max Drawdown
Winner
BITB
49.38%
SPXX
59.96%
Sharpe Ratio
BITB
-0.29
Winner
SPXX
0.95
5Y Beta
BITB
1.27
Winner
SPXX
0.80
5Y Dividends CAGR
BITB
N/A
SPXX
11.48%
BITB vs SPXX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BITB
+12.39%
SPXX
+7.16%
3M
Winner
BITB
+13.27%
SPXX
+0.27%
6M
BITB
-22.79%
Winner
SPXX
+6.60%
1Y
BITB
-21.05%
Winner
SPXX
+15.10%
5Y(CAGR)
BITB
N/A
SPXX
+8.02%
10Y(CAGR)
BITB
N/A
SPXX
+10.12%
Max(CAGR)
Winner
BITB
+25.83%
SPXX
+7.36%
BITB vs SPXX - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | BITB | SPXX |
|---|---|---|
| 2026 | -10.78% | +0.77% |
| 2025 | -10.26% | +11.56% |
| 2024 | +99.10% | +28.64% |
| 2023 | N/A | +1.77% |
| 2022 | N/A | -7.14% |
| 2021 | N/A | +31.06% |
| 2020 | N/A | +0.75% |
| 2019 | N/A | +23.48% |
| 2018 | N/A | -14.40% |
| 2017 | N/A | +28.09% |
| 2016 | N/A | +14.57% |
| 2015 | N/A | +2.35% |
| 2014 | N/A | +9.85% |
| 2013 | N/A | +15.93% |
| 2012 | N/A | +15.76% |
| 2011 | N/A | -5.57% |
| 2010 | N/A | +13.97% |
| 2009 | N/A | +28.61% |
| 2008 | N/A | -29.58% |
| 2007 | N/A | -4.08% |
| 2006 | N/A | +22.10% |
| 2005 | N/A | -13.75% |
BITB vs SPXX Drawdown Comparison
The maximum drawdown for BITB was -49.38%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPXX was -52.38%, occurring on Mar 9, 2009. Recovery took 924 trading sessions.
The current BITB drawdown is -36.22%. The current SPXX drawdown is -0.88%.
| Rank | BITB | SPXX |
|---|---|---|
| #1 | -49.38% Oct 6, 2025 - Feb 5, 2026 | -52.38% Apr 12, 2007 - Dec 9, 2010 |
| #2 | -28.19% Dec 17, 2024 - May 20, 2025 | -43.80% Jun 7, 2018 - Mar 1, 2021 |
| #3 | -27.44% Mar 13, 2024 - Nov 6, 2024 | -18.59% Dec 14, 2010 - Feb 13, 2012 |
| #4 | -16.25% Jan 11, 2024 - Feb 9, 2024 | -18.06% Jan 12, 2022 - Dec 1, 2022 |
| #5 | -11.96% Aug 13, 2025 - Oct 6, 2025 | -17.95% Dec 1, 2022 - Jun 6, 2024 |
| #6 | -8.50% Mar 4, 2024 - Mar 7, 2024 | -17.67% Feb 19, 2025 - Jun 30, 2025 |
| #7 | -8.45% Nov 22, 2024 - Dec 6, 2024 | -14.69% Nov 30, 2005 - Aug 31, 2006 |
| #8 | -8.38% May 22, 2025 - Jul 9, 2025 | -14.67% Nov 24, 2015 - Apr 12, 2016 |
| #9 | -5.73% Jul 14, 2025 - Aug 13, 2025 | -11.85% Jan 12, 2026 - Mar 30, 2026 |
| #10 | -5.30% Dec 6, 2024 - Dec 13, 2024 | -11.20% Oct 1, 2012 - Jan 11, 2013 |
| #11 | -2.48% Nov 13, 2024 - Nov 15, 2024 | -9.73% Jun 15, 2021 - Dec 30, 2021 |
| #12 | -1.94% Feb 20, 2024 - Feb 22, 2024 | -9.68% Jul 16, 2015 - Nov 3, 2015 |
| #13 | -1.83% Feb 22, 2024 - Feb 26, 2024 | -7.94% Jan 26, 2018 - May 4, 2018 |
| #14 | -1.50% Feb 12, 2024 - Feb 14, 2024 | -7.77% Apr 2, 2012 - Jul 27, 2012 |
| #15 | -0.94% Mar 11, 2024 - Mar 13, 2024 | -7.69% Jul 16, 2024 - Aug 26, 2024 |
Correlation
Correlation between BITB and SPXX is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.66
-101
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