BITC vs SPY
BITC vs SPY
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. BITC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BITC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.09% | |
| AUM | $15M | $789.1B | |
| Dividend Yield | 3.38% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +274.59% | +13.79% | |
| 1Y Return | +187.19% | +23.66% | |
| 3Y Return (annualized) | +101.35% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 157.2% | 15.3% | |
| Max Drawdown | -31.9% | -56.5% | |
| Fund Family | Bitwise | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 20, 2023 | Jan 22, 1993 |
BITC vs SPY Performance
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) is a ETF from Bitwise and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BITC returned +187.19% while SPY returned +23.66%. Year to date, BITC is up 274.59% versus a gain of 13.79% for SPY.
Over three years, BITC compounded at +101.35% per year against +21.40% for SPY. Across the full 3-year window we track, BITC has the edge at +87.37% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITC has been the more volatile fund, with annualized monthly volatility of 157.2% compared with 15.3% for SPY. 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 -31.9% for BITC and -56.5% for SPY. 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 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITC charges 0.90% per year while SPY charges 0.09%. On a $10,000 position that is $90 vs $9 annually, a gap of $81 per year that compounds over a long holding period. On income, BITC currently yields 3.38% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, BITC or SPY?
BITC has an expense ratio of 0.90% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, BITC or SPY?
Over the past year BITC returned +187.19% vs +23.66% for SPY, so BITC leads on 1-year performance. Over the longest common window we track (3 years), BITC annualized +87.37% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, BITC or SPY?
BITC has been the more volatile fund at 157.2% annualized versus 15.3% for SPY. Worst drawdown: BITC -31.9% vs SPY -56.5%.
Should I hold both BITC and SPY?
BITC and SPY have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BITC or SPY?
BITC yields 3.38% while SPY yields 1.01%, so BITC currently pays the higher dividend yield.
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