ALGO-USD vs. BTC-USD
ALGO-USD (Algorand) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, ALGO-USD returned -36.36%/yr vs 14.98%/yr for BTC-USD. A 0.62 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 -24.43% return, which is significantly higher than BTC-USD's -27.00% return.
ALGO-USD
- 1D
- 1.16%
- 1M
- -15.88%
- 6M
- -35.98%
- YTD
- -24.43%
- 1Y
- -73.84%
- 3Y*
- -9.91%
- 5Y*
- -36.36%
- 10Y*
- —
BTC-USD
- 1D
- 0.16%
- 1M
- -0.89%
- 6M
- -33.12%
- YTD
- -27.00%
- 1Y
- -46.45%
- 3Y*
- 28.84%
- 5Y*
- 14.98%
- 10Y*
- 57.64%
ALGO-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between ALGO-USD and BTC-USD is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
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 | 0.62 |
The correlation between ALGO-USD and BTC-USD has been stable across timeframes, ranging from 0.62 to 0.69 - 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 | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.83 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.88 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.41 | +0.05 |
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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 | -72.80% | -53.08% | -19.72% |
Max Drawdown (3Y)Largest decline over 3 years | -84.09% | -53.08% | -31.01% |
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 | -97.46% | -48.79% | -48.67% |
Average DrawdownAverage peak-to-trough decline | -87.15% | -42.59% | -44.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.19% | 29.41% | +13.78% |
Volatility
ALGO-USD vs. BTC-USD - Volatility Comparison
Algorand (ALGO-USD) has a higher volatility of 14.74% compared to Bitcoin (BTC-USD) at 9.63%. 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 | 14.74% | 9.63% | +5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 53.57% | 34.90% | +18.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.58% | 35.73% | +29.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.58% | 43.96% | +35.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.86% | 56.33% | +36.53% |
Frequently Asked Questions
ALGO-USD and BTC-USD have a correlation of 0.69, 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 (14.74%) compared to BTC-USD (9.63%). In terms of maximum drawdown, ALGO-USD dropped -97.53% vs BTC-USD's -85.30%.
ALGO-USD currently has the higher Sharpe Ratio (-0.95 vs -1.08), 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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