BITB vs SPYX

Comparison between Bitwise Bitcoin ETF (BITB, ETF) and STATE STREET(R) SPDR(R) S&P 500(R) FOSSIL FUEL RESERVES FREE ETF (SPYX, ETF).

BITB vs SPYX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BITB(ETF)	SPYX(ETF)
Net Assets	$2.70B	$2.80B
Expense Ratio	0.20%	0.20%
Max Drawdown	52.04%	33.23%
Sharpe Ratio	-1.01	1.47
5Y Beta	1.27	0.99
P/E Ratio	N/A	27.81
Forward P/E	N/A	21.32
5Y Dividends CAGR	N/A	5.35%
5Y EPS CAGR	N/A	28.24%
Debt to Equity	N/A	38.93%
P/S Ratio	N/A	3.48
P/B Ratio	N/A	5.42

Net Assets

BITB

$2.70B

Winner

SPYX

$2.80B

Expense Ratio

BITB

0.20%

SPYX

0.20%

Max Drawdown

BITB

52.04%

Winner

SPYX

33.23%

Sharpe Ratio

BITB

-1.01

Winner

SPYX

1.47

5Y Beta

BITB

1.27

Winner

SPYX

0.99

P/E Ratio

BITB

N/A

SPYX

27.81

Forward P/E

BITB

N/A

SPYX

21.32

5Y Dividends CAGR

BITB

N/A

SPYX

5.35%

5Y EPS CAGR

BITB

N/A

SPYX

28.24%

Debt to Equity

BITB

N/A

SPYX

38.93%

P/S Ratio

BITB

N/A

SPYX

3.48

P/B Ratio

BITB

N/A

SPYX

5.42

BITB vs SPYX - Historical Returns

Returns include dividend reinvestment.

Period	BITB	SPYX
1 month	-17.74%	-1.24%
3 months	-11.83%	+12.54%
6 months	-28.92%	+6.47%
1 year	-39.79%	+23.07%
5 years(CAGR)	N/A	+13.67%
10 years(CAGR)	N/A	+17.65%
Max(CAGR)	+12.18%	+17.02%

BITB

-17.74%

Winner

SPYX

-1.24%

BITB

-11.83%

Winner

SPYX

+12.54%

BITB

-28.92%

Winner

SPYX

+6.47%

BITB

-39.79%

Winner

SPYX

+23.07%

5Y(CAGR)

BITB

N/A

SPYX

+13.67%

10Y(CAGR)

BITB

N/A

SPYX

+17.65%

Max(CAGR)

BITB

+12.18%

Winner

SPYX

+17.02%

BITB vs SPYX - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	BITB	SPYX
2026	-30.66%	+7.36%
2025	-10.26%	+18.23%
2024	+99.10%	+26.04%
2023	N/A	+27.44%
2022	N/A	-17.76%
2021	N/A	+33.16%
2020	N/A	+22.88%
2019	N/A	+36.10%
2018	N/A	-1.38%
2017	N/A	+27.06%
2016	N/A	+17.15%
2015	N/A	-1.69%

BITB vs SPYX Drawdown Comparison

The maximum drawdown for BITB was -52.04%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPYX was -32.03%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.

The current BITB drawdown is -50.43%. The current SPYX drawdown is -3.08%.

Rank	BITB	SPYX
#1	-52.04% Oct 6, 2025 - Jun 5, 2026	-32.03% Feb 19, 2020 - Jul 22, 2020
#2	-28.19% Dec 17, 2024 - May 20, 2025	-24.68% Dec 29, 2021 - Dec 1, 2023
#3	-27.44% Mar 13, 2024 - Nov 6, 2024	-18.74% Feb 19, 2025 - Jun 26, 2025
#4	-16.25% Jan 11, 2024 - Feb 9, 2024	-18.03% Oct 3, 2018 - Mar 21, 2019
#5	-11.96% Aug 13, 2025 - Oct 6, 2025	-12.18% Dec 1, 2015 - Mar 30, 2016
#6	-8.50% Mar 4, 2024 - Mar 7, 2024	-9.84% Jan 12, 2026 - Apr 15, 2026
#7	-8.45% Nov 22, 2024 - Dec 6, 2024	-9.67% Jan 26, 2018 - Jul 16, 2018
#8	-8.38% May 22, 2025 - Jul 9, 2025	-8.97% Sep 2, 2020 - Nov 9, 2020
#9	-5.73% Jul 14, 2025 - Aug 13, 2025	-8.45% Jul 16, 2024 - Sep 19, 2024
#10	-5.30% Dec 6, 2024 - Dec 13, 2024	-7.14% May 3, 2019 - Jun 20, 2019
#11	-2.48% Nov 13, 2024 - Nov 15, 2024	-6.19% Jul 26, 2019 - Sep 23, 2019
#12	-1.94% Feb 20, 2024 - Feb 22, 2024	-5.50% Jun 23, 2016 - Jul 8, 2016
#13	-1.83% Feb 22, 2024 - Feb 26, 2024	-5.44% Mar 28, 2024 - May 15, 2024
#14	-1.50% Feb 12, 2024 - Feb 14, 2024	-5.17% Oct 28, 2025 - Dec 11, 2025
#15	-0.94% Mar 11, 2024 - Mar 13, 2024	-5.10% Sep 3, 2021 - Oct 20, 2021