BITB vs TBLL
Comparison between Bitwise Bitcoin ETF (BITB, ETF) and INVESCO SHORT TERM TREASURY ETF (TBLL, ETF).
BITB vs TBLL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BITB
$2.90B
TBLL
$2.90B
Expense Ratio
BITB
0.20%
Winner
TBLL
0.08%
Max Drawdown
BITB
49.38%
Winner
TBLL
1.30%
Sharpe Ratio
BITB
-0.36
Winner
TBLL
1.51
5Y Beta
BITB
1.27
Winner
TBLL
-0.00
5Y Dividends CAGR
BITB
N/A
TBLL
59.75%
BITB vs TBLL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BITB
+11.78%
TBLL
+0.30%
3M
Winner
BITB
+21.31%
TBLL
+0.84%
6M
BITB
-20.35%
Winner
TBLL
+1.78%
1Y
BITB
-19.70%
Winner
TBLL
+3.97%
5Y(CAGR)
BITB
N/A
TBLL
+3.31%
10Y(CAGR)
BITB
N/A
TBLL
+2.37%
Max(CAGR)
Winner
BITB
+26.92%
TBLL
+2.37%
BITB vs TBLL - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | BITB | TBLL |
|---|---|---|
| 2026 | -8.79% | +1.18% |
| 2025 | -10.26% | +4.21% |
| 2024 | +99.10% | +5.11% |
| 2023 | N/A | +4.98% |
| 2022 | N/A | +1.12% |
| 2021 | N/A | -0.02% |
| 2020 | N/A | +0.87% |
| 2019 | N/A | +2.16% |
| 2018 | N/A | +1.83% |
| 2017 | N/A | +0.62% |
BITB vs TBLL 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 TBLL was -0.63%, occurring on Feb 14, 2022. Recovery took 631 trading sessions.
The current BITB drawdown is -34.80%.
| Rank | BITB | TBLL |
|---|---|---|
| #1 | -49.38% Oct 6, 2025 - Feb 5, 2026 | -0.63% May 11, 2020 - Nov 9, 2022 |
| #2 | -28.19% Dec 17, 2024 - May 20, 2025 | -0.52% Mar 18, 2020 - May 11, 2020 |
| #3 | -27.44% Mar 13, 2024 - Nov 6, 2024 | -0.36% Sep 28, 2023 - Oct 20, 2023 |
| #4 | -16.25% Jan 11, 2024 - Feb 9, 2024 | -0.18% Dec 19, 2023 - Dec 21, 2023 |
| #5 | -11.96% Aug 13, 2025 - Oct 6, 2025 | -0.17% Apr 1, 2019 - Apr 4, 2019 |
| #6 | -8.50% Mar 4, 2024 - Mar 7, 2024 | -0.16% Sep 24, 2018 - Oct 22, 2018 |
| #7 | -8.45% Nov 22, 2024 - Dec 6, 2024 | -0.15% Dec 19, 2019 - Jan 23, 2020 |
| #8 | -8.38% May 22, 2025 - Jul 9, 2025 | -0.14% Mar 13, 2020 - Mar 18, 2020 |
| #9 | -5.73% Jul 14, 2025 - Aug 13, 2025 | -0.11% Dec 4, 2018 - Dec 7, 2018 |
| #10 | -5.30% Dec 6, 2024 - Dec 13, 2024 | -0.10% Nov 10, 2022 - Nov 14, 2022 |
| #11 | -2.48% Nov 13, 2024 - Nov 15, 2024 | -0.10% Nov 13, 2017 - Nov 28, 2017 |
| #12 | -1.94% Feb 20, 2024 - Feb 22, 2024 | -0.10% Aug 17, 2018 - Aug 22, 2018 |
| #13 | -1.83% Feb 22, 2024 - Feb 26, 2024 | -0.09% Nov 6, 2023 - Nov 9, 2023 |
| #14 | -1.50% Feb 12, 2024 - Feb 14, 2024 | -0.08% Dec 15, 2023 - Dec 19, 2023 |
| #15 | -0.94% Mar 11, 2024 - Mar 13, 2024 | -0.08% Jul 11, 2024 - Jul 15, 2024 |
Correlation
Correlation between BITB and TBLL is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.53
-101
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