ARB.L vs. BTC-USD

Last updated Jun 5, 2026

ARB.L (Argo Blockchain plc) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. At a 0.26 correlation, their price movements are largely independent.

Performance

ARB.L vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Argo Blockchain plc (ARB.L) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARB.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

ARB.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ARB.L Argo Blockchain plc	0.00%	-83.16%	-83.62%	360.32%	-93.56%	196.36%	489.29%	44.52%	-69.00%
BTC-USD Bitcoin	-29.27%	-12.95%	125.81%	140.73%	-59.81%	60.91%	292.68%	86.71%	-49.26%

Correlation

The correlation between ARB.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	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Aug 4, 2018	0.26

Over the past year, the correlation between ARB.L and BTC-USD has dropped to 0.01 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.

Return for Risk

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

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

BTC-USD

BTC-USD Risk / Return Rank: 30
BTC-USD Sharpe Ratio Rank: 15
BTC-USD Sortino Ratio Rank: 33
BTC-USD Omega Ratio Rank: 33
BTC-USD Calmar Ratio Rank: 48
BTC-USD Martin Ratio Rank: 22

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.

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

This table presents a comparison of risk-adjusted performance metrics for Argo Blockchain plc (ARB.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ARB.L	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.88	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.15	—

Drawdowns

Drawdown Indicators

	ARB.L	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	—	-84.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-49.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-49.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-73.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.15%	—
Current Drawdown Current decline from peak	—	-48.61%	—
Average Drawdown Average peak-to-trough decline	—	-40.27%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	33.73%	—

Volatility

Volatility by Period

	ARB.L	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	34.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	44.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	56.03%	—

Frequently Asked Questions

Can I hold both ARB.L and BTC-USD in my portfolio?

ARB.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.