AIE.L vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Ashoka India Equity Investment Trust plc (AIE.L) and Bitcoin (BTC-USD).

Performance

AIE.L vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ashoka India Equity Investment Trust plc (AIE.L) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

AIE.L vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AIE.L Ashoka India Equity Investment Trust plc	-17.28%	-9.16%	23.46%	26.56%	-6.34%	49.64%	26.27%	18.90%	-11.84%
BTC-USD Bitcoin	-22.28%	-12.95%	125.81%	140.73%	-59.81%	60.91%	292.68%	86.71%	-41.77%

Different Trading Currencies

AIE.L is traded in GBp, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AIE.L achieves a -17.28% return, which is significantly higher than BTC-USD's -20.87% return.

AIE.L

• 1D: 0.00%
• 1M: -5.46%
• YTD: -17.28%
• 6M: -13.47%
• 1Y: -16.36%
• 3Y*: 7.79%
• 5Y*: 8.63%
• 10Y*: —

BTC-USD

• 1D: 0.00%
• 1M: 0.44%
• YTD: -20.87%
• 6M: -42.75%
• 1Y: -19.02%
• 3Y*: 31.89%
• 5Y*: 3.80%
• 10Y*: 67.59%

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

Return for Risk

AIE.L vs. BTC-USD — Risk / Return Rank

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

AIE.L

AIE.L Risk / Return Rank: 12
AIE.L Sharpe Ratio Rank: 10
AIE.L Sortino Ratio Rank: 10
AIE.L Omega Ratio Rank: 12
AIE.L Calmar Ratio Rank: 21
AIE.L Martin Ratio Rank: 7

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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.

AIE.L vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ashoka India Equity Investment Trust plc (AIE.L) 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.

	AIE.L	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.74	-0.44	-0.30
Sortino ratio Return per unit of downside risk	-1.00	-0.37	-0.63
Omega ratio Gain probability vs. loss probability	0.88	0.96	-0.08
Calmar ratio Return relative to maximum drawdown	-0.57	-1.08	+0.51
Martin ratio Return relative to average drawdown	-1.55	-1.97	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIE.L vs. BTC-USD - Sharpe Ratio Comparison

The current AIE.L Sharpe Ratio is -0.74, which is lower than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of AIE.L and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AIE.L	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	-0.44	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.07	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.21	-0.77

Correlation

The correlation between AIE.L and BTC-USD is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

AIE.L vs. BTC-USD - Drawdown Comparison

The maximum AIE.L drawdown since its inception was -41.42%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for AIE.L and BTC-USD.

Drawdown Indicators

	AIE.L	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-41.42%	-85.30%	+43.88%
Max Drawdown (1Y) Largest decline over 1 year	-24.64%	-49.65%	+25.01%
Max Drawdown (5Y) Largest decline over 5 years	-29.64%	-76.67%	+47.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-27.05%	-46.47%	+19.42%
Average Drawdown Average peak-to-trough decline	-8.02%	-42.00%	+33.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	27.75%	-18.62%

Volatility

AIE.L vs. BTC-USD - Volatility Comparison

The current volatility for Ashoka India Equity Investment Trust plc (AIE.L) is 7.71%, while Bitcoin (BTC-USD) has a volatility of 13.30%. This indicates that AIE.L 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.

Volatility by Period

	AIE.L	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.71%	13.30%	-5.59%
Volatility (6M) Calculated over the trailing 6-month period	14.43%	34.98%	-20.55%
Volatility (1Y) Calculated over the trailing 1-year period	21.99%	36.08%	-14.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.69%	46.46%	-24.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.40%	56.09%	-31.69%