BTCO vs SMB
Comparison between Invesco Galaxy Bitcoin ETF (BTCO, ETF) and VANECK SHORT MUNI ETF (SMB, ETF).
BTCO vs SMB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BTCO
$314M
SMB
$314M
Expense Ratio
BTCO
0.25%
Winner
SMB
0.07%
Max Drawdown
BTCO
53.33%
Winner
SMB
12.64%
Sharpe Ratio
BTCO
-1.16
Winner
SMB
-0.67
5Y Beta
BTCO
1.28
Winner
SMB
0.00
5Y Dividends CAGR
BTCO
N/A
SMB
14.83%
BTCO vs SMB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BTCO
+3.10%
SMB
-0.25%
3M
BTCO
-11.50%
Winner
SMB
+0.44%
6M
BTCO
-26.36%
Winner
SMB
+0.53%
1Y
BTCO
-43.26%
Winner
SMB
+2.73%
5Y(CAGR)
BTCO
N/A
SMB
+1.11%
10Y(CAGR)
BTCO
N/A
SMB
+1.46%
Max(CAGR)
Winner
BTCO
+14.93%
SMB
+2.02%
BTCO vs SMB - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | BTCO | SMB |
|---|---|---|
| 2026 | -26.07% | +0.48% |
| 2025 | -10.39% | +4.55% |
| 2024 | +100.54% | +2.47% |
| 2023 | N/A | +3.14% |
| 2022 | N/A | -4.35% |
| 2021 | N/A | +0.06% |
| 2020 | N/A | +3.36% |
| 2019 | N/A | +4.48% |
| 2018 | N/A | +1.75% |
| 2017 | N/A | +0.69% |
| 2016 | N/A | -0.39% |
| 2015 | N/A | +1.20% |
| 2014 | N/A | +1.09% |
| 2013 | N/A | +0.53% |
| 2012 | N/A | +1.47% |
| 2011 | N/A | +5.37% |
| 2010 | N/A | +1.32% |
| 2009 | N/A | +7.86% |
| 2008 | N/A | +2.14% |
BTCO vs SMB Drawdown Comparison
The maximum drawdown for BTCO was -53.33%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for SMB was -12.64%, occurring on Mar 19, 2020. Recovery took 65 trading sessions.
The current BTCO drawdown is -47.17%. The current SMB drawdown is -0.35%.
| Rank | BTCO | SMB |
|---|---|---|
| #1 | -53.33% Oct 6, 2025 - Jun 30, 2026 | -12.64% Mar 9, 2020 - Jun 10, 2020 |
| #2 | -28.03% Dec 17, 2024 - May 20, 2025 | -7.48% Jul 20, 2021 - Aug 20, 2024 |
| #3 | -27.35% Mar 13, 2024 - Nov 6, 2024 | -5.58% Sep 11, 2008 - Jan 6, 2009 |
| #4 | -15.82% Jan 11, 2024 - Feb 9, 2024 | -4.11% Aug 26, 2010 - May 17, 2011 |
| #5 | -11.98% Aug 13, 2025 - Oct 6, 2025 | -4.10% Aug 2, 2016 - Aug 4, 2017 |
| #6 | -8.53% Mar 4, 2024 - Mar 7, 2024 | -4.07% May 1, 2013 - Feb 14, 2014 |
| #7 | -8.47% Nov 22, 2024 - Dec 6, 2024 | -3.84% Jan 29, 2009 - May 22, 2009 |
| #8 | -8.39% May 22, 2025 - Jul 9, 2025 | -2.46% Aug 30, 2017 - Dec 24, 2018 |
| #9 | -5.76% Jul 14, 2025 - Aug 13, 2025 | -2.37% Apr 10, 2008 - Aug 12, 2008 |
| #10 | -5.28% Dec 6, 2024 - Dec 13, 2024 | -1.96% Oct 2, 2009 - Nov 27, 2009 |
| #11 | -2.57% Nov 13, 2024 - Nov 15, 2024 | -1.80% Feb 28, 2025 - May 23, 2025 |
| #12 | -1.94% Feb 20, 2024 - Feb 22, 2024 | -1.79% Feb 5, 2015 - Oct 16, 2015 |
| #13 | -1.75% Feb 22, 2024 - Feb 26, 2024 | -1.62% May 22, 2009 - Jul 13, 2009 |
| #14 | -1.55% Feb 12, 2024 - Feb 14, 2024 | -1.53% Jan 8, 2009 - Jan 12, 2009 |
| #15 | -0.98% Mar 11, 2024 - Mar 13, 2024 | -1.49% Mar 12, 2010 - May 26, 2010 |
Correlation
Correlation between BTCO and SMB is 0.31 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.31
-101
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