ANY vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Sphere 3D Corp. (ANY) and Bitcoin (BTC-USD).

Performance

ANY vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sphere 3D Corp. (ANY) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

ANY vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANY Sphere 3D Corp.	-48.92%	-68.48%	-71.56%	72.15%	-91.17%	118.18%	83.80%	-74.49%	-84.50%	-67.20%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, ANY achieves a -48.92% return, which is significantly lower than BTC-USD's -23.70% return. Over the past 10 years, ANY has underperformed BTC-USD with an annualized return of -60.28%, while BTC-USD has yielded a comparatively higher 66.03% annualized return.

ANY

• 1D: 0.66%
• 1M: 12.59%
• YTD: -48.92%
• 6M: -82.19%
• 1Y: -72.36%
• 3Y*: -60.41%
• 5Y*: -61.91%
• 10Y*: -60.28%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

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

Return for Risk

ANY vs. BTC-USD — Risk / Return Rank

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

ANY

ANY Risk / Return Rank: 11
ANY Sharpe Ratio Rank: 9
ANY Sortino Ratio Rank: 8
ANY Omega Ratio Rank: 11
ANY Calmar Ratio Rank: 14
ANY Martin Ratio Rank: 14

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.

ANY vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sphere 3D Corp. (ANY) 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.

	ANY	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.76	-0.43	-0.32
Sortino ratio Return per unit of downside risk	-1.23	-0.36	-0.87
Omega ratio Gain probability vs. loss probability	0.87	0.96	-0.09
Calmar ratio Return relative to maximum drawdown	-0.72	-1.14	+0.41
Martin ratio Return relative to average drawdown	-1.28	-2.03	+0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANY vs. BTC-USD - Sharpe Ratio Comparison

The current ANY Sharpe Ratio is -0.76, which is lower than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of ANY 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

	ANY	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	-0.43	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.51	0.06	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.43	0.97	-1.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	1.18	-1.60

Correlation

The correlation between ANY and BTC-USD is 0.15, 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

ANY vs. BTC-USD - Drawdown Comparison

The maximum ANY drawdown since its inception was -100.00%, 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 ANY and BTC-USD.

Drawdown Indicators

	ANY	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-85.30%	-14.70%
Max Drawdown (1Y) Largest decline over 1 year	-89.62%	-49.65%	-39.97%
Max Drawdown (5Y) Largest decline over 5 years	-99.83%	-76.67%	-23.16%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-83.80%	-16.19%
Current Drawdown Current decline from peak	-100.00%	-46.47%	-53.53%
Average Drawdown Average peak-to-trough decline	-73.16%	-42.00%	-31.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.37%	27.75%	+22.62%

Volatility

ANY vs. BTC-USD - Volatility Comparison

Sphere 3D Corp. (ANY) has a higher volatility of 30.66% compared to Bitcoin (BTC-USD) at 13.70%. This indicates that ANY'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.

Volatility by Period

	ANY	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.66%	13.70%	+16.96%
Volatility (6M) Calculated over the trailing 6-month period	72.53%	35.96%	+36.57%
Volatility (1Y) Calculated over the trailing 1-year period	99.95%	36.69%	+63.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.88%	46.91%	+75.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.44%	56.71%	+83.73%