^SP100 vs. BTC-USD
^SP100 (S&P 100 Index) is an index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ^SP100 returned 14.64%/yr vs 57.94%/yr for BTC-USD. At a 0.12 correlation, their price movements are largely independent.
Performance
^SP100 vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ^SP100 achieves a 8.64% return, which is significantly higher than BTC-USD's -26.96% return. Over the past 10 years, ^SP100 has underperformed BTC-USD with an annualized return of 14.64%, while BTC-USD has yielded a comparatively higher 57.94% annualized return.
^SP100
- 1D
- 0.54%
- 1M
- 2.29%
- 6M
- 7.61%
- YTD
- 8.64%
- 1Y
- 21.31%
- 3Y*
- 21.89%
- 5Y*
- 13.20%
- 10Y*
- 14.64%
BTC-USD
- 1D
- 0.21%
- 1M
- 0.58%
- 6M
- -29.67%
- YTD
- -26.96%
- 1Y
- -45.60%
- 3Y*
- 26.63%
- 5Y*
- 14.32%
- 10Y*
- 57.94%
^SP100 vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SP100 S&P 100 Index | 8.64% | 18.76% | 29.25% | 30.83% | -22.12% | 27.55% | 19.30% | 29.47% | -5.86% | 19.34% |
BTC-USD Bitcoin | -26.96% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between ^SP100 and BTC-USD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2012 | 0.12 |
Over the past year, ^SP100 and BTC-USD have become more correlated (0.35) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
^SP100 vs. BTC-USD — Risk / Return Rank
^SP100
BTC-USD
^SP100 vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^SP100) 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.
| ^SP100 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.84 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.86 | +2.73 |
| Martin ratioReturn relative to average drawdown | 7.25 | -1.40 | +8.65 |
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Drawdowns
^SP100 vs. BTC-USD - Drawdown Comparison
The maximum ^SP100 drawdown since its inception was -61.31%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for ^SP100 and BTC-USD.
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Drawdown Indicators
| ^SP100 | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.31% | -85.30% | +23.99% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -53.08% | +41.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -53.08% | +33.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -76.67% | +49.44% |
Max Drawdown (10Y)Largest decline over 10 years | -31.53% | -83.80% | +52.27% |
Current DrawdownCurrent decline from peak | -1.42% | -48.76% | +47.34% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -42.54% | +29.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 29.22% | -26.31% |
Volatility
^SP100 vs. BTC-USD - Volatility Comparison
The current volatility for S&P 100 Index (^SP100) is 4.54%, while Bitcoin (BTC-USD) has a volatility of 8.77%. This indicates that ^SP100 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
| ^SP100 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 8.77% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 34.92% | -24.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 35.53% | -22.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 43.94% | -26.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 56.32% | -37.84% |
Frequently Asked Questions
^SP100 and BTC-USD have a correlation of 0.35, 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 (8.77%) compared to ^SP100 (4.54%). In terms of maximum drawdown, ^SP100 dropped -61.31% vs BTC-USD's -85.30%.
^SP100 currently has the higher Sharpe Ratio (1.58 vs -1.07), 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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