BTF vs IVV
CoinShares Bitcoin and Ether ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BTF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.03% | |
| AUM | $14M | $865.2B | |
| Dividend Yield | 247.08% | 1.09% | |
| Holdings | 5 | 508 | |
| YTD Return | -36.31% | +13.43% | |
| 1Y Return | -53.26% | +22.61% | |
| 3Y Return (annualized) | +10.86% | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 59.7% | 15.1% | |
| Max Drawdown | -77.5% | -56.5% | |
| Fund Family | Valkyrie Funds | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 21, 2021 | May 15, 2000 |
BTF vs IVV Performance
CoinShares Bitcoin and Ether ETF (BTF) is a ETF from Valkyrie Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BTF returned -53.26% while IVV returned +22.61%. Year to date, BTF is down 36.31% versus a gain of 13.43% for IVV.
Over three years, BTF compounded at +10.86% per year against +21.47% for IVV. Across the full 5-year window we track, IVV has the edge at +7.03% annualized vs -9.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BTF has been the more volatile fund, with annualized monthly volatility of 59.7% compared with 15.1% for IVV. 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 -77.5% for BTF and -56.5% for IVV. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BTF charges 1.27% per year while IVV charges 0.03%. On a $10,000 position that is $127 vs $3 annually, a gap of $124 per year that compounds over a long holding period. On income, BTF currently yields 247.08% against 1.09% for IVV.
Holdings Overlap
BTF and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BTF or IVV?
BTF has an expense ratio of 1.27% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $124 per year of difference.
Which performed better, BTF or IVV?
Over the past year BTF returned -53.26% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), BTF annualized -9.35% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, BTF or IVV?
BTF has been the more volatile fund at 59.7% annualized versus 15.1% for IVV. Worst drawdown: BTF -77.5% vs IVV -56.5%.
Should I hold both BTF and IVV?
BTF and IVV have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTF and IVV?
BTF and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BTF or IVV?
BTF yields 247.08% while IVV yields 1.09%, so BTF currently pays the higher dividend yield.
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