^DXY vs. BTC-USD
^DXY (US Dollar Currency Index) is an index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ^DXY returned 0.57%/yr vs 57.26%/yr for BTC-USD. At a correlation of -0.05, they often move in opposite directions.
Performance
^DXY vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ^DXY achieves a 1.13% return, which is significantly higher than BTC-USD's -31.46% return. Over the past 10 years, ^DXY has underperformed BTC-USD with an annualized return of 0.57%, while BTC-USD has yielded a comparatively higher 57.26% annualized return.
^DXY
- 1D
- -0.10%
- 1M
- 0.23%
- YTD
- 1.13%
- 6M
- 1.44%
- 1Y
- 2.35%
- 3Y*
- -1.49%
- 5Y*
- 1.98%
- 10Y*
- 0.57%
BTC-USD
- 1D
- 0.45%
- 1M
- -19.30%
- YTD
- -31.46%
- 6M
- -31.30%
- 1Y
- -43.96%
- 3Y*
- 25.01%
- 5Y*
- 11.56%
- 10Y*
- 57.26%
^DXY vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^DXY US Dollar Currency Index | 1.13% | -9.37% | 7.06% | -2.11% | 7.87% | 6.71% | -6.69% | 0.22% | 4.40% | -9.87% |
BTC-USD Bitcoin | -31.46% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between ^DXY and BTC-USD is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2012 | -0.05 |
The correlation between ^DXY and BTC-USD shifts across timeframes, from -0.17 (5 years) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^DXY vs. BTC-USD — Risk / Return Rank
^DXY
BTC-USD
^DXY vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Dollar Currency Index (^DXY) and Bitcoin (BTC-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^DXY | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.85 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.84 | +1.00 |
| Martin ratioReturn relative to average drawdown | 0.36 | -1.43 | +1.79 |
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Drawdowns
^DXY vs. BTC-USD - Drawdown Comparison
The maximum ^DXY drawdown since its inception was -45.13%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for ^DXY and BTC-USD.
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Drawdown Indicators
| ^DXY | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.13% | -85.30% | +40.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -52.13% | +48.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -52.13% | +39.64% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -76.67% | +60.99% |
Max Drawdown (10Y)Largest decline over 10 years | -15.68% | -83.80% | +68.12% |
Current DrawdownCurrent decline from peak | -23.51% | -51.91% | +28.40% |
Average DrawdownAverage peak-to-trough decline | -28.16% | -42.43% | +14.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 31.72% | -29.96% |
Volatility
^DXY vs. BTC-USD - Volatility Comparison
The current volatility for US Dollar Currency Index (^DXY) is 0.94%, while Bitcoin (BTC-USD) has a volatility of 12.41%. This indicates that ^DXY experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^DXY | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 12.41% | -11.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.91% | 34.74% | -30.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 35.60% | -29.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.97% | 44.14% | -37.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 56.39% | -49.90% |
Frequently Asked Questions
^DXY and BTC-USD have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.41%) compared to ^DXY (0.94%). In terms of maximum drawdown, ^DXY dropped -45.13% vs BTC-USD's -85.30%.
^DXY currently has the higher Sharpe Ratio (0.11 vs -1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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