ALGO-USD vs. BTC-USD
ALGO-USD (Algorand) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, ALGO-USD returned -36.37%/yr vs 13.04%/yr for BTC-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ALGO-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ALGO-USD achieves a -23.48% return, which is significantly higher than BTC-USD's -31.91% return.
ALGO-USD
- 1D
- -5.91%
- 1M
- -22.21%
- YTD
- -23.48%
- 6M
- -26.48%
- 1Y
- -51.96%
- 3Y*
- -13.28%
- 5Y*
- -36.37%
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
ALGO-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between ALGO-USD and BTC-USD is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.63 |
The correlation between ALGO-USD and BTC-USD has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
ALGO-USD vs. BTC-USD — Risk / Return Rank
ALGO-USD
BTC-USD
ALGO-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Algorand (ALGO-USD) 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.
| ALGO-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.84 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.85 | +0.16 |
| Martin ratioReturn relative to average drawdown | -0.96 | -1.45 | +0.49 |
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Drawdowns
ALGO-USD vs. BTC-USD - Drawdown Comparison
The maximum ALGO-USD drawdown since its inception was -97.53%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for ALGO-USD and BTC-USD.
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Drawdown Indicators
| ALGO-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -85.30% | -12.23% |
Max Drawdown (1Y)Largest decline over 1 year | -74.55% | -52.23% | -22.32% |
Max Drawdown (3Y)Largest decline over 3 years | -84.09% | -52.23% | -31.86% |
Max Drawdown (5Y)Largest decline over 5 years | -96.59% | -76.67% | -19.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -97.43% | -52.23% | -45.20% |
Average DrawdownAverage peak-to-trough decline | -87.06% | -42.42% | -44.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.68% | 31.57% | +9.11% |
Volatility
ALGO-USD vs. BTC-USD - Volatility Comparison
Algorand (ALGO-USD) has a higher volatility of 23.23% compared to Bitcoin (BTC-USD) at 12.44%. This indicates that ALGO-USD'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
| ALGO-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.23% | 12.44% | +10.79% |
Volatility (6M)Calculated over the trailing 6-month period | 55.78% | 34.75% | +21.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.35% | 35.63% | +33.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.69% | 44.15% | +35.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.21% | 56.40% | +36.81% |
Frequently Asked Questions
ALGO-USD and BTC-USD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGO-USD has higher volatility (23.23%) compared to BTC-USD (12.44%). In terms of maximum drawdown, ALGO-USD dropped -97.53% vs BTC-USD's -85.30%.
ALGO-USD currently has the higher Sharpe Ratio (-0.62 vs -1.04), 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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