ARBK vs. BTC-USD
ARBK (Argo Blockchain plc) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, ARBK returned -76.38%/yr vs 35.01%/yr for BTC-USD. At a 0.39 correlation, their price movements are largely independent.
Performance
ARBK vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ARBK achieves a 2.64% return, which is significantly higher than BTC-USD's -27.60% return.
ARBK
- 1D
- 5.74%
- 1M
- -5.15%
- YTD
- 2.64%
- 6M
- -91.56%
- 1Y
- -95.89%
- 3Y*
- -76.38%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
ARBK vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARBK Argo Blockchain plc | 2.64% | -97.21% | -84.89% | 246.30% | -91.12% | -27.40% |
BTC-USD Bitcoin | -27.60% | -6.27% | 120.76% | 155.82% | -64.23% | 2.93% |
Correlation
The correlation between ARBK and BTC-USD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.39 |
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Return for Risk
ARBK vs. BTC-USD — Risk / Return Rank
ARBK
BTC-USD
ARBK vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Argo Blockchain plc (ARBK) 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.
| ARBK | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.87 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.80 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.28 | -1.39 | +0.12 |
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
| ARBK | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | -0.92 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.52 | 1.13 | -1.65 |
Drawdowns
ARBK vs. BTC-USD - Drawdown Comparison
The maximum ARBK drawdown since its inception was -99.94%, 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 ARBK and BTC-USD.
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Drawdown Indicators
| ARBK | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -85.30% | -14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -98.49% | -49.65% | -48.84% |
Max Drawdown (3Y)Largest decline over 3 years | -99.70% | -49.65% | -50.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.92% | -49.21% | -50.71% |
Average DrawdownAverage peak-to-trough decline | -85.85% | -42.28% | -43.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 75.02% | 33.87% | +41.15% |
Volatility
ARBK vs. BTC-USD - Volatility Comparison
Argo Blockchain plc (ARBK) has a higher volatility of 26.07% compared to Bitcoin (BTC-USD) at 10.14%. This indicates that ARBK'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
| ARBK | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.07% | 10.14% | +15.93% |
Volatility (6M)Calculated over the trailing 6-month period | 165.92% | 34.17% | +131.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 205.33% | 35.51% | +169.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.37% | 44.98% | +103.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.37% | 56.69% | +91.68% |
Frequently Asked Questions
ARBK and BTC-USD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARBK has higher volatility (26.07%) compared to BTC-USD (10.14%). In terms of maximum drawdown, ARBK dropped -99.94% vs BTC-USD's -85.30%.
ARBK currently has the higher Sharpe Ratio (-0.47 vs -0.92), 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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