ABNB vs. BTCO

Last updated Jul 21, 2026

ABNB (Airbnb, Inc.) is a stock, while BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate. Over the past year, ABNB returned 4.02% vs -44.68% for BTCO. At a 0.26 correlation, their price movements are largely independent.

Performance

ABNB vs. BTCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Airbnb, Inc. (ABNB) and Invesco Galaxy Bitcoin ETF (BTCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABNB achieves a 6.79% return, which is significantly higher than BTCO's -25.69% return.

ABNB

• 1D: -0.71%
• 1M: 1.78%
• 6M: 10.93%
• YTD: 6.79%
• 1Y: 4.02%
• 3Y*: -0.87%
• 5Y*: 0.80%
• 10Y*: —
• ALL TIME*: -0.13%

BTCO

• 1D: 1.54%
• 1M: 3.42%
• 6M: -31.95%
• YTD: -25.69%
• 1Y: -44.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABNB vs. BTCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ABNB Airbnb, Inc.	6.79%	3.28%	-5.97%
BTCO Invesco Galaxy Bitcoin ETF	-25.69%	-6.58%	93.87%

Correlation

The correlation between ABNB and BTCO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.26

Return for Risk

ABNB vs. BTCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABNB

ABNB Risk / Return Rank: 48
ABNB Sharpe Ratio Rank: 51
ABNB Sortino Ratio Rank: 44
ABNB Omega Ratio Rank: 43
ABNB Calmar Ratio Rank: 51
ABNB Martin Ratio Rank: 51

BTCO

BTCO Risk / Return Rank: 2
BTCO Sharpe Ratio Rank: 2
BTCO Sortino Ratio Rank: 2
BTCO Omega Ratio Rank: 2
BTCO Calmar Ratio Rank: 2
BTCO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABNB vs. BTCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Airbnb, Inc. (ABNB) and Invesco Galaxy Bitcoin ETF (BTCO). 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.

	ABNB	BTCO	Difference
Sharpe ratio: Return per unit of total volatility	0.13	-1.01	+1.15
Sortino ratio: Return per unit of downside risk	0.39	-1.51	+1.90
Omega ratio: Gain probability vs. loss probability	1.05	0.83	+0.22
Calmar ratio: Return relative to maximum drawdown	0.19	-0.84	+1.03
Martin ratio: Return relative to average drawdown	0.40	-1.34	+1.74

ABNB vs. BTCO - Sharpe Ratio Comparison

The current ABNB Sharpe Ratio is 0.13, which is higher than the BTCO Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of ABNB and BTCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABNB vs. BTCO - Drawdown Comparison

The maximum ABNB drawdown since its inception was -61.96%, which is greater than BTCO's maximum drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for ABNB and BTCO.

Drawdown Indicators

	ABNB	BTCO	Difference
Max Drawdown Largest peak-to-trough decline	-61.96%	-53.33%	-8.63%
Max Drawdown (1Y) Largest decline over 1 year	-21.54%	-53.33%	+31.79%
Max Drawdown (3Y) Largest decline over 3 years	-37.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-60.19%	—	—
Current Drawdown Current decline from peak	-33.16%	-48.23%	+15.07%
Average Drawdown Average peak-to-trough decline	-36.07%	-17.70%	-18.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.03%	33.39%	-23.36%

Volatility

ABNB vs. BTCO - Volatility Comparison

The current volatility for Airbnb, Inc. (ABNB) is 9.32%, while Invesco Galaxy Bitcoin ETF (BTCO) has a volatility of 10.57%. This indicates that ABNB experiences smaller price fluctuations and is considered to be less risky than BTCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABNB	BTCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.32%	10.57%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	23.45%	34.51%	-11.06%
Volatility (1Y) Calculated over the trailing 1-year period	30.09%	44.25%	-14.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.76%	49.38%	-5.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.75%	49.38%	-3.63%

Dividends

ABNB vs. BTCO - Dividend Comparison

Neither ABNB nor BTCO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ABNB and BTCO in my portfolio?

ABNB and BTCO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABNB or BTCO?

BTCO has higher volatility (10.57%) compared to ABNB (9.32%). In terms of maximum drawdown, ABNB dropped -61.96% vs BTCO's -53.33%.

Which has better risk-adjusted returns?

ABNB currently has the higher Sharpe Ratio (0.13 vs -1.01), 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.