^N225 vs. BTC-USD
^N225 (Nikkei 225) is an index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ^N225 returned 14.49%/yr vs 66.27%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
^N225 vs. BTC-USD - Performance Comparison
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Different Trading Currencies
^N225 is traded in JPY, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to JPY using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^N225 achieves a 27.57% return, which is significantly higher than BTC-USD's -27.00% return. Over the past 10 years, ^N225 has underperformed BTC-USD with an annualized return of 14.49%, while BTC-USD has yielded a comparatively higher 66.27% annualized return.
^N225
- 1D
- -3.56%
- 1M
- 2.40%
- YTD
- 27.57%
- 6M
- 26.96%
- 1Y
- 70.16%
- 3Y*
- 25.79%
- 5Y*
- 17.27%
- 10Y*
- 14.49%
BTC-USD
- 1D
- -1.29%
- 1M
- -20.24%
- YTD
- -27.00%
- 6M
- -29.12%
- 1Y
- -34.43%
- 3Y*
- 39.50%
- 5Y*
- 19.57%
- 10Y*
- 66.27%
^N225 vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^N225 Nikkei 225 | 27.57% | 26.18% | 19.22% | 28.24% | -9.37% | 4.91% | 16.01% | 18.20% | -12.08% | 19.10% |
BTC-USD Bitcoin | -27.00% | -6.55% | 147.64% | 172.49% | -59.08% | 77.68% | 284.56% | 92.22% | -75.32% | 1,359.84% |
Correlation
The correlation between ^N225 and BTC-USD is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.01 |
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Return for Risk
^N225 vs. BTC-USD — Risk / Return Rank
^N225
BTC-USD
^N225 vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nikkei 225 (^N225) 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.
| ^N225 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.67 | ||
| Sortino ratioReturn per unit of downside risk | +4.85 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.89 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 5.46 | -0.72 | +6.18 |
| Martin ratioReturn relative to average drawdown | 19.16 | -1.28 | +20.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^N225 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | -0.78 | +3.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.35 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.97 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.24 | -0.94 |
Drawdowns
^N225 vs. BTC-USD - Drawdown Comparison
The maximum ^N225 drawdown since its inception was -81.87%, roughly equal to the maximum BTC-USD drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for ^N225 and BTC-USD.
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Drawdown Indicators
| ^N225 | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.87% | -83.15% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.23% | -48.06% | +34.83% |
Max Drawdown (3Y)Largest decline over 3 years | -26.26% | -48.06% | +21.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.26% | -71.55% | +45.29% |
Max Drawdown (10Y)Largest decline over 10 years | -31.80% | -83.09% | +51.29% |
Current DrawdownCurrent decline from peak | -6.11% | -46.80% | +40.69% |
Average DrawdownAverage peak-to-trough decline | -35.65% | -40.18% | +4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 32.10% | -28.39% |
Volatility
^N225 vs. BTC-USD - Volatility Comparison
The current volatility for Nikkei 225 (^N225) is 8.16%, while Bitcoin (BTC-USD) has a volatility of 11.64%. This indicates that ^N225 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
| ^N225 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 11.64% | -3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.30% | 35.49% | -15.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.01% | 36.56% | -11.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 46.10% | -23.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 56.60% | -35.72% |
Frequently Asked Questions
^N225 and BTC-USD have a correlation of 0.01, 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 (11.64%) compared to ^N225 (8.16%). In terms of maximum drawdown, ^N225 dropped -81.87% vs BTC-USD's -83.15%.
^N225 currently has the higher Sharpe Ratio (2.89 vs -0.78), 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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