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 15.29%/yr vs 28.42%/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 -10.12% return, which is significantly higher than BTC-USD's -27.04% return.
ARBK
- 1D
- -1.45%
- 1M
- -19.87%
- 6M
- -32.49%
- YTD
- -10.12%
- 1Y
- 940.75%
- 3Y*
- 15.29%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.36%
- 1M
- -2.71%
- 6M
- -33.22%
- YTD
- -27.04%
- 1Y
- -46.21%
- 3Y*
- 28.42%
- 5Y*
- 15.15%
- 10Y*
- 57.60%
ARBK vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARBK Argo Blockchain plc | -10.12% | 503.54% | -84.89% | 246.30% | -91.12% | -18.99% |
BTC-USD Bitcoin | -27.04% | -6.27% | 120.76% | 155.82% | -64.23% | 6.05% |
Correlation
The correlation between ARBK and BTC-USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 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.
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.
| ARBK | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +60.81 | ||
| Omega ratioGain probability vs. loss probability | 7.43 | 0.84 | +6.60 |
| Calmar ratioReturn relative to maximum drawdown | 11.51 | -0.87 | +12.38 |
| Martin ratioReturn relative to average drawdown | 19.16 | -1.40 | +20.56 |
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Drawdowns
ARBK vs. BTC-USD - Drawdown Comparison
The maximum ARBK drawdown since its inception was -99.31%, 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 | -99.31% | -85.30% | -14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -82.59% | -53.08% | -29.51% |
Max Drawdown (3Y)Largest decline over 3 years | -96.52% | -53.08% | -43.44% |
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 | -85.09% | -48.82% | -36.27% |
Average DrawdownAverage peak-to-trough decline | -84.01% | -42.58% | -41.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.51% | 29.30% | +20.21% |
Volatility
ARBK vs. BTC-USD - Volatility Comparison
Argo Blockchain plc (ARBK) has a higher volatility of 16.79% compared to Bitcoin (BTC-USD) at 9.78%. 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 | 16.79% | 9.78% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 55.87% | 34.90% | +20.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4,740.76% | 35.73% | +4,705.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2,169.66% | 43.96% | +2,125.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,169.66% | 56.33% | +2,113.33% |
Frequently Asked Questions
ARBK and BTC-USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARBK has higher volatility (16.79%) compared to BTC-USD (9.78%). In terms of maximum drawdown, ARBK dropped -99.31% vs BTC-USD's -85.30%.
ARBK currently has the higher Sharpe Ratio (0.20 vs -1.07), 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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