AIE.L vs. BTC-USD
AIE.L (Ashoka India Equity Investment Trust plc) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, AIE.L returned 8.31%/yr vs 12.81%/yr for BTC-USD. At a 0.03 correlation, their price movements are largely independent.
Performance
AIE.L vs. BTC-USD - Performance Comparison
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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 -12.50% return, which is significantly higher than BTC-USD's -26.78% return.
AIE.L
- 1D
- 0.63%
- 1M
- -1.04%
- YTD
- -12.50%
- 6M
- -11.03%
- 1Y
- -14.38%
- 3Y*
- 5.68%
- 5Y*
- 8.31%
- 10Y*
- —
BTC-USD
- 1D
- 0.00%
- 1M
- -20.64%
- YTD
- -26.78%
- 6M
- -29.06%
- 1Y
- -36.46%
- 3Y*
- 29.42%
- 5Y*
- 12.81%
- 10Y*
- 61.31%
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 | -12.50% | -9.16% | 23.46% | 26.56% | -6.34% | 49.64% | 26.27% | 18.90% | -11.84% |
BTC-USD Bitcoin | -29.27% | -12.95% | 125.81% | 140.73% | -59.81% | 60.91% | 292.68% | 86.71% | -41.77% |
Correlation
The correlation between AIE.L 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 | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2018 | 0.03 |
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Return for Risk
AIE.L vs. BTC-USD — Risk / Return Rank
AIE.L
BTC-USD
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 ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.87 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.73 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.19 | -1.29 | +0.10 |
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
| AIE.L | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.69 | -0.88 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.24 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.15 | -0.69 |
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.
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Drawdown Indicators
| AIE.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.42% | -84.19% | +42.77% |
Max Drawdown (1Y)Largest decline over 1 year | -24.64% | -49.84% | +25.20% |
Max Drawdown (3Y)Largest decline over 3 years | -29.64% | -49.84% | +20.20% |
Max Drawdown (5Y)Largest decline over 5 years | -29.64% | -73.24% | +43.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -22.83% | -48.61% | +25.78% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -40.27% | +31.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.57% | 33.73% | -22.16% |
Volatility
AIE.L vs. BTC-USD - Volatility Comparison
The current volatility for Ashoka India Equity Investment Trust plc (AIE.L) is 5.85%, while Bitcoin (BTC-USD) has a volatility of 10.36%. 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.
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Volatility by Period
| AIE.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 10.36% | -4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 33.53% | -17.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.84% | 34.70% | -14.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 44.81% | -23.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.39% | 56.03% | -31.64% |
Frequently Asked Questions
AIE.L 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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