BTFX vs IVV
CoinShares Bitcoin Leverage 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 | BTFX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.86% | 0.03% | |
| AUM | $7M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 3 | 508 | |
| YTD Return | -40.83% | +14.50% | |
| 1Y Return | -51.50% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 92.3% | 15.1% | |
| Max Drawdown | -62.3% | -56.5% | |
| Fund Family | Valkyrie Funds | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 21, 2024 | May 15, 2000 |
BTFX vs IVV Performance
CoinShares Bitcoin Leverage ETF (BTFX) 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 BTFX returned -51.50% while IVV returned +22.02%. Year to date, BTFX is down 40.83% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
BTFX has been the more volatile fund, with annualized monthly volatility of 92.3% 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 -62.3% for BTFX 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
BTFX charges 1.86% per year while IVV charges 0.03%. On a $10,000 position that is $186 vs $3 annually, a gap of $183 per year that compounds over a long holding period. On income, BTFX currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
BTFX 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, BTFX or IVV?
BTFX has an expense ratio of 1.86% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $183 per year of difference.
Which performed better, BTFX or IVV?
Over the past year BTFX returned -51.50% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), BTFX annualized +15.44% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, BTFX or IVV?
BTFX has been the more volatile fund at 92.3% annualized versus 15.1% for IVV. Worst drawdown: BTFX -62.3% vs IVV -56.5%.
Should I hold both BTFX and IVV?
BTFX 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 BTFX and IVV?
BTFX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BTFX or IVV?
BTFX yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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