ABNB vs. BTCO
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 -4.42% vs -39.40% for BTCO. At a 0.25 correlation, their price movements are largely independent.
Performance
ABNB vs. BTCO - Performance Comparison
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Returns By Period
In the year-to-date period, ABNB achieves a -0.95% return, which is significantly higher than BTCO's -27.65% return.
ABNB
- 1D
- 0.67%
- 1M
- -4.99%
- YTD
- -0.95%
- 6M
- 10.18%
- 1Y
- -4.42%
- 3Y*
- 4.48%
- 5Y*
- -1.48%
- 10Y*
- —
BTCO
- 1D
- 5.10%
- 1M
- -20.91%
- YTD
- -27.65%
- 6M
- -30.32%
- 1Y
- -39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ABNB vs. BTCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ABNB Airbnb, Inc. | -0.95% | 3.28% | -5.77% |
BTCO Invesco Galaxy Bitcoin ETF | -27.65% | -6.58% | 100.54% |
Correlation
The correlation between ABNB and BTCO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.25 |
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Return for Risk
ABNB vs. BTCO — Risk / Return Rank
ABNB
BTCO
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.
| ABNB | BTCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.86 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | -0.76 | +0.55 |
| Martin ratioReturn relative to average drawdown | -0.44 | -1.36 | +0.92 |
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
| ABNB | BTCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | -0.90 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.27 | -0.30 |
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 -52.05%. Use the drawdown chart below to compare losses from any high point for ABNB and BTCO.
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Drawdown Indicators
| ABNB | BTCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.96% | -52.05% | -9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -52.05% | +30.51% |
Max Drawdown (3Y)Largest decline over 3 years | -37.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -60.19% | — | — |
Current DrawdownCurrent decline from peak | -38.00% | -49.60% | +11.60% |
Average DrawdownAverage peak-to-trough decline | -36.14% | -16.12% | -20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.03% | 28.93% | -18.90% |
Volatility
ABNB vs. BTCO - Volatility Comparison
The current volatility for Airbnb, Inc. (ABNB) is 7.87%, while Invesco Galaxy Bitcoin ETF (BTCO) has a volatility of 11.78%. 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.
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Volatility by Period
| ABNB | BTCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 11.78% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 22.48% | 34.52% | -12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.94% | 44.10% | -15.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.76% | 49.90% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.99% | 49.90% | -3.91% |
Dividends
ABNB vs. BTCO - Dividend Comparison
Neither ABNB nor BTCO has paid dividends to shareholders.
Frequently Asked Questions
ABNB and BTCO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCO has higher volatility (11.78%) compared to ABNB (7.87%). In terms of maximum drawdown, ABNB dropped -61.96% vs BTCO's -52.05%.
ABNB currently has the higher Sharpe Ratio (-0.15 vs -0.90), 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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