BITF vs. BTC-USD
Compare and contrast key facts about Bitfarms Ltd. (BITF) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITF or BTC-USD.
Key characteristics
| BITF | BTC-USD | |
|---|---|---|
| YTD Return | -38.83% | 37.83% |
| 1Y Return | 54.78% | 103.11% |
| 3Y Return (Ann) | -30.74% | 0.91% |
| Sharpe Ratio | 0.61 | 4.22 |
| Daily Std Dev | 98.53% | 38.76% |
| Max Drawdown | -95.72% | -93.07% |
| Current Drawdown | -79.93% | -20.29% |
Correlation
The correlation between BITF and BTC-USD is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITF vs. BTC-USD - Performance Comparison
In the year-to-date period, BITF achieves a -38.83% return, which is significantly lower than BTC-USD's 37.83% 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
BITF vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitfarms Ltd. (BITF) 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.
Drawdowns
BITF vs. BTC-USD - Drawdown Comparison
The maximum BITF drawdown since its inception was -95.72%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BITF and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BITF vs. BTC-USD - Volatility Comparison
Bitfarms Ltd. (BITF) and Bitcoin (BTC-USD) have volatilities of 16.30% and 15.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.