BCH-USD vs. SPY
Compare and contrast key facts about Bitcoin Cash (BCH-USD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCH-USD or SPY.
Key characteristics
| BCH-USD | SPY | |
|---|---|---|
| YTD Return | 65.84% | 6.58% |
| 1Y Return | 257.77% | 25.57% |
| 3Y Return (Ann) | -24.95% | 8.08% |
| 5Y Return (Ann) | 8.08% | 13.25% |
| Sharpe Ratio | 2.02 | 2.13 |
| Daily Std Dev | 90.16% | 11.60% |
| Max Drawdown | -98.03% | -55.19% |
| Current Drawdown | -89.04% | -3.47% |
Correlation
The correlation between BCH-USD and SPY is 0.16, 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.
Performance
BCH-USD vs. SPY - Performance Comparison
In the year-to-date period, BCH-USD achieves a 65.84% return, which is significantly higher than SPY's 6.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BCH-USD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin Cash (BCH-USD) and SPDR S&P 500 ETF (SPY). 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.
Drawdowns
BCH-USD vs. SPY - Drawdown Comparison
The maximum BCH-USD drawdown since its inception was -98.03%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BCH-USD and SPY. For additional features, visit the drawdowns tool.
Volatility
BCH-USD vs. SPY - Volatility Comparison
Bitcoin Cash (BCH-USD) has a higher volatility of 29.99% compared to SPDR S&P 500 ETF (SPY) at 4.02%. This indicates that BCH-USD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.