AI.PA vs. BTC-USD
AI.PA (L'Air Liquide S.A.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, AI.PA returned 20.91%/yr vs 56.81%/yr for BTC-USD. At a 0.05 correlation, their price movements are largely independent.
Performance
AI.PA vs. BTC-USD - Performance Comparison
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Different Trading Currencies
AI.PA is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, AI.PA achieves a 29.80% return, which is significantly higher than BTC-USD's -26.22% return. Over the past 10 years, AI.PA has underperformed BTC-USD with an annualized return of 20.91%, while BTC-USD has yielded a comparatively higher 56.81% annualized return.
AI.PA
- 1D
- 1.99%
- 1M
- 6.82%
- YTD
- 29.80%
- 6M
- 31.16%
- 1Y
- 12.93%
- 3Y*
- 18.17%
- 5Y*
- 18.75%
- 10Y*
- 20.91%
BTC-USD
- 1D
- 0.00%
- 1M
- -18.80%
- YTD
- -26.22%
- 6M
- -28.53%
- 1Y
- -39.76%
- 3Y*
- 31.75%
- 5Y*
- 12.25%
- 10Y*
- 56.81%
AI.PA vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AI.PA L'Air Liquide S.A. | 29.80% | 4.16% | 10.10% | 35.98% | 7.03% | 17.23% | 9.66% | 45.60% | 6.96% | 24.89% |
BTC-USD Bitcoin | -26.20% | -17.40% | 136.59% | 145.80% | -61.85% | 71.33% | 271.22% | 98.48% | -73.46% | 1,229.62% |
Correlation
The correlation between AI.PA 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 | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | 0.05 |
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Return for Risk
AI.PA vs. BTC-USD — Risk / Return Rank
AI.PA
BTC-USD
AI.PA vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L'Air Liquide S.A. (AI.PA) 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.
| AI.PA | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.86 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | -0.79 | +1.60 |
| Martin ratioReturn relative to average drawdown | 1.63 | -1.37 | +3.00 |
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Drawdowns
AI.PA vs. BTC-USD - Drawdown Comparison
The maximum AI.PA drawdown since its inception was -36.39%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for AI.PA and BTC-USD.
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Drawdown Indicators
| AI.PA | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -83.05% | +46.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.85% | -50.24% | +34.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -50.24% | +33.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.96% | -73.60% | +51.64% |
Max Drawdown (10Y)Largest decline over 10 years | -29.28% | -82.51% | +53.23% |
Current DrawdownCurrent decline from peak | -0.07% | -48.38% | +48.31% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -40.02% | +33.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 34.80% | -27.05% |
Volatility
AI.PA vs. BTC-USD - Volatility Comparison
L'Air Liquide S.A. (AI.PA) has a higher volatility of 13.87% compared to Bitcoin (BTC-USD) at 11.61%. This indicates that AI.PA's price experiences larger fluctuations and is considered to be riskier 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
| AI.PA | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 11.61% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 21.64% | 34.71% | -13.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 35.34% | -11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 44.75% | -23.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.22% | 55.74% | -34.52% |
Frequently Asked Questions
AI.PA 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.
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