Bitcoin (BTC-USD)
Bitcoin is a digital currency that uses cryptography and is decentralized, meaning it is not controlled by any government or financial institution. Transactions are recorded on a public ledger called the blockchain and can be made using a digital wallet on a personal device. Bitcoin is often used as a means of exchange and has gained popularity as a store of value, but it is considered a volatile and risky investment.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Bitcoin, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
Bitcoin had a return of 59.26% year-to-date (YTD) and 37.90% in the last 12 months. Over the past 10 years, Bitcoin had an annualized return of 43.75%, outperforming the S&P 500 benchmark which had an annualized return of 6.61%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 0.94% | -3.58% |
| 6 months | -7.04% | 6.12% |
| Year-To-Date | 59.26% | 11.33% |
| 1 year | 37.90% | 17.20% |
| 5 years (annualized) | 20.93% | 5.43% |
| 10 years (annualized) | 43.75% | 6.61% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.03% | 23.03% | 2.78% | -7.00% | 11.97% | -4.09% | -11.29% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Bitcoin. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Bitcoin is 93.07%, recorded on Nov 19, 2011. It took 460 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -93.07% | Jun 10, 2011 | 163 | Nov 19, 2011 | 460 | Feb 21, 2013 | 623 |
| -84.53% | Dec 5, 2013 | 406 | Jan 14, 2015 | 721 | Jan 4, 2017 | 1127 |
| -83.39% | Dec 17, 2017 | 364 | Dec 15, 2018 | 716 | Nov 30, 2020 | 1080 |
| -76.64% | Nov 9, 2021 | 378 | Nov 21, 2022 | — | — | — |
| -70.28% | Apr 11, 2013 | 7 | Apr 17, 2013 | 202 | Nov 5, 2013 | 209 |
Volatility Chart
The current Bitcoin volatility is 5.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Portfolios with Bitcoin
| Portfolio Name | YTD Return | 10Y Return | Div. Yield | 10Y Volatility | Max. Drawdown | Expense Ratio | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Crypto Portfolio | 22.91% | 48.65% | 1.56% | 36.33% | -54.86% | 0.02% | 0.50 | 0.7 | 1.1 | 0.8 | 4.9% |