BITB vs VYM
BITB vs VYM
Bitwise Bitcoin ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | BITB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.04% | |
| AUM | $2.4B | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 1 | 568 | |
| YTD Return | -27.79% | +15.80% | |
| 1Y Return | -44.92% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 52.7% | 14.6% | |
| Max Drawdown | -53.3% | -58.8% | |
| Fund Family | Bitwise | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 10, 2024 | Nov 10, 2006 |
BITB vs VYM Performance
Bitwise Bitcoin ETF (BITB) is a ETF from Bitwise and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BITB returned -44.92% while VYM returned +26.12%. Year to date, BITB is down 27.79% versus a gain of 15.80% for VYM.
Risk: Volatility and Drawdowns
BITB has been the more volatile fund, with annualized monthly volatility of 52.7% compared with 14.6% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -53.3% for BITB and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITB charges 0.20% per year while VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, BITB currently yields 0.00% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, BITB or VYM?
BITB has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, BITB or VYM?
Over the past year BITB returned -44.92% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), BITB annualized +13.34% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, BITB or VYM?
BITB has been the more volatile fund at 52.7% annualized versus 14.6% for VYM. Worst drawdown: BITB -53.3% vs VYM -58.8%.
Should I hold both BITB and VYM?
BITB and VYM have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BITB or VYM?
BITB yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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