Global X Funds Global X Blockchain & Bitcoin Strategy ETF
Snapshot*
Top 10 Holdings
What is BITS?
The Fund is an actively managed exchange traded fund ( ETF ) that seeks to achieve its investment objective by investing in equity securities of U.S. and non-U.S. issuers that Global X Management Company LLC (the Adviser ) believes are positioned to benefit from further advances in the fields of blockchain technology ( Blockchain Companies ), and in long positions on U.S. listed bitcoin futures ( Bitcoin Futures ) contracts. Such Bitcoin Futures contracts will be standardized, cash-settled bitcoin futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission ( CFTC ). Currently, the only such contracts are traded on, or subject to the rules of, the Chicago Mercantile Exchange ( CME ). Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in Blockchain Companies and in long positions on U.S. listed Bitcoin Futures contracts. Under normal circumstances, the Fund will invest at least 25% of its assets in Blockchain Companies and will have notional exposure to Bitcoin Futures equal to at least 20% of the total assets of the Fund. The Funds 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
BITSPerformance Measures**
for the time period Nov 16, 2021 to Jul 21, 2026
1M Trailing Return: -6.0%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -3.4%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -83.1%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 60.6%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.29
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.01
The annualized return divided by the max drawdown for the selected time period.
ETFs related toBITS
ETFs correlated to BITS include BKCH, WGMI, BITO
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toBITS
Outlier Portfolio AR 684% Variation
Category
Trend-following, mean reversion, volatility hedging, leveraged ETFs, sector rotation, commodities, bonds, managed futures, crypto overlay
OOS Cumulative Return
47.1%
V1a What Have I Done - K-1 Free
Category
Tactical asset allocation, Trend following, Mean reversion, Crypto tilt, Leveraged ETFs, Risk-on/risk-off, Volatility hedge, Energy rotation, K-1 free
OOS Cumulative Return
27.38%
Create your own algorithmic trading strategy with BITS using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.