BIVRX vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Invenomic Fund (BIVRX) and Bitcoin (BTC-USD).

BIVRX is managed by Invenomic. It was launched on Jun 18, 2017.

Performance

BIVRX vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invenomic Fund (BIVRX) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

BIVRX vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIVRX Invenomic Fund	2.77%	4.39%	-9.03%	16.47%	49.61%	44.06%	11.12%	11.36%	3.41%	8.73%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	415.21%

Returns By Period

In the year-to-date period, BIVRX achieves a 2.77% return, which is significantly higher than BTC-USD's -23.70% return.

BIVRX

• 1D: -0.83%
• 1M: -0.72%
• YTD: 2.77%
• 6M: 9.01%
• 1Y: 4.38%
• 3Y*: 0.67%
• 5Y*: 13.05%
• 10Y*: —

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

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

Return for Risk

BIVRX vs. BTC-USD — Risk / Return Rank

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

BIVRX

BIVRX Risk / Return Rank: 6
BIVRX Sharpe Ratio Rank: 6
BIVRX Sortino Ratio Rank: 7
BIVRX Omega Ratio Rank: 6
BIVRX Calmar Ratio Rank: 7
BIVRX Martin Ratio Rank: 6

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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.

BIVRX vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invenomic Fund (BIVRX) 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.

	BIVRX	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.19	-0.43	+0.62
Sortino ratio Return per unit of downside risk	0.45	-0.36	+0.81
Omega ratio Gain probability vs. loss probability	1.05	0.96	+0.09
Calmar ratio Return relative to maximum drawdown	0.27	-1.14	+1.40
Martin ratio Return relative to average drawdown	0.61	-2.03	+2.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIVRX vs. BTC-USD - Sharpe Ratio Comparison

The current BIVRX Sharpe Ratio is 0.19, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of BIVRX and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BIVRX	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	-0.43	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.06	+0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.18	-0.30

Correlation

The correlation between BIVRX and BTC-USD is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Drawdowns

BIVRX vs. BTC-USD - Drawdown Comparison

The maximum BIVRX drawdown since its inception was -18.29%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BIVRX and BTC-USD.

Drawdown Indicators

	BIVRX	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-18.29%	-85.30%	+67.01%
Max Drawdown (1Y) Largest decline over 1 year	-13.79%	-49.65%	+35.86%
Max Drawdown (5Y) Largest decline over 5 years	-17.66%	-76.67%	+59.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-4.15%	-46.47%	+42.32%
Average Drawdown Average peak-to-trough decline	-5.91%	-42.00%	+36.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.00%	27.75%	-21.75%

Volatility

BIVRX vs. BTC-USD - Volatility Comparison

The current volatility for Invenomic Fund (BIVRX) is 7.63%, while Bitcoin (BTC-USD) has a volatility of 13.70%. This indicates that BIVRX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIVRX	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.63%	13.70%	-6.07%
Volatility (6M) Calculated over the trailing 6-month period	16.79%	35.96%	-19.17%
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	36.69%	-15.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.96%	46.91%	-29.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	56.71%	-39.61%