BITX vs IBIT
Comparison between 2X BITCOIN ETF (BITX, ETF) and iShares Bitcoin Trust (IBIT, ETF).
BITX vs IBIT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BITX
$787M
Winner
IBIT
$43B
Expense Ratio
BITX
N/A
IBIT
0.25%
Max Drawdown
BITX
85.37%
Winner
IBIT
53.30%
Sharpe Ratio
BITX
-1.28
Winner
IBIT
-1.15
5Y Beta
BITX
2.59
Winner
IBIT
1.29
BITX vs IBIT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BITX
+4.47%
IBIT
+3.21%
3M
BITX
-26.43%
Winner
IBIT
-11.39%
6M
BITX
-54.42%
Winner
IBIT
-26.30%
1Y
BITX
-76.96%
Winner
IBIT
-43.21%
Max(CAGR)
BITX
+4.13%
Winner
IBIT
+14.73%
BITX vs IBIT - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | BITX | IBIT |
|---|---|---|
| 2026 | -54.84% | -26.05% |
| 2025 | -43.53% | -10.33% |
| 2024 | +132.62% | +99.21% |
| 2023 | +47.23% | N/A |
BITX vs IBIT Drawdown Comparison
The maximum drawdown for BITX was -83.38%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for IBIT was -53.30%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The current BITX drawdown is -78.92%. The current IBIT drawdown is -47.16%.
| Rank | BITX | IBIT |
|---|---|---|
| #1 | -83.38% Aug 13, 2025 - Jun 30, 2026 | -53.30% Oct 6, 2025 - Jun 30, 2026 |
| #2 | -61.27% Mar 13, 2024 - Nov 12, 2024 | -28.22% Dec 17, 2024 - May 20, 2025 |
| #3 | -56.41% Dec 17, 2024 - Aug 13, 2025 | -27.51% Mar 13, 2024 - Nov 6, 2024 |
| #4 | -43.00% Jul 13, 2023 - Oct 24, 2023 | -16.18% Jan 11, 2024 - Feb 9, 2024 |
| #5 | -31.82% Jan 8, 2024 - Feb 12, 2024 | -12.03% Aug 13, 2025 - Oct 6, 2025 |
| #6 | -17.21% Mar 4, 2024 - Mar 8, 2024 | -8.62% Mar 4, 2024 - Mar 8, 2024 |
| #7 | -16.65% Dec 8, 2023 - Jan 8, 2024 | -8.48% Nov 22, 2024 - Dec 6, 2024 |
| #8 | -16.49% Nov 22, 2024 - Dec 6, 2024 | -8.48% May 22, 2025 - Jul 9, 2025 |
| #9 | -12.26% Nov 10, 2023 - Nov 15, 2023 | -5.81% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -10.82% Dec 6, 2024 - Dec 16, 2024 | -5.31% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -9.18% Nov 15, 2023 - Nov 24, 2023 | -2.59% Nov 12, 2024 - Nov 15, 2024 |
| #12 | -6.85% Oct 25, 2023 - Nov 2, 2023 | -1.99% Feb 20, 2024 - Feb 22, 2024 |
| #13 | -6.82% Nov 24, 2023 - Nov 28, 2023 | -1.88% Feb 22, 2024 - Feb 26, 2024 |
| #14 | -6.59% Jul 3, 2023 - Jul 13, 2023 | -1.54% Feb 12, 2024 - Feb 14, 2024 |
| #15 | -5.42% Nov 13, 2024 - Nov 15, 2024 | -0.95% Mar 11, 2024 - Mar 13, 2024 |
Correlation
Correlation between BITX and IBIT is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
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