^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 14.96%/yr vs 59.37%/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 9.46% return, which is significantly higher than BTC-USD's -29.97% return. Over the past 10 years, ^SP100 has underperformed BTC-USD with an annualized return of 14.96%, while BTC-USD has yielded a comparatively higher 59.37% annualized return.
^SP100
- 1D
- 0.35%
- 1M
- 2.95%
- YTD
- 9.46%
- 6M
- 8.91%
- 1Y
- 29.63%
- 3Y*
- 23.43%
- 5Y*
- 14.42%
- 10Y*
- 14.96%
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
^SP100 vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SP100 S&P 100 Index | 9.46% | 18.76% | 29.25% | 30.83% | -22.12% | 27.55% | 19.30% | 29.47% | -5.86% | 19.34% |
BTC-USD Bitcoin | -29.97% | -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 | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 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.
| ^SP100 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.20 | ||
| Sortino ratioReturn per unit of downside risk | +4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.87 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | -0.78 | +3.33 |
| Martin ratioReturn relative to average drawdown | 10.65 | -1.39 | +12.04 |
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
| ^SP100 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | -0.93 | +3.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.21 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.87 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.13 | -0.58 |
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% | -50.87% | +39.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -50.87% | +30.98% |
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 | -0.68% | -50.87% | +50.19% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -42.29% | +29.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 34.02% | -31.32% |
Volatility
^SP100 vs. BTC-USD - Volatility Comparison
The current volatility for S&P 100 Index (^SP100) is 3.23%, while Bitcoin (BTC-USD) has a volatility of 10.54%. 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 | 3.23% | 10.54% | -7.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.52% | 34.26% | -24.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 35.65% | -22.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.75% | 44.98% | -27.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 56.70% | -38.23% |
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 (10.54%) compared to ^SP100 (3.23%). In terms of maximum drawdown, ^SP100 dropped -61.31% vs BTC-USD's -85.30%.
^SP100 currently has the higher Sharpe Ratio (2.27 vs -0.93), 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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