BKKT vs. BTC-USD
BKKT (Bakkt Holdings, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, BKKT returned -48.62%/yr vs 12.25%/yr for BTC-USD. At a 0.34 correlation, their price movements are largely independent.
Performance
BKKT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BKKT achieves a -8.57% return, which is significantly higher than BTC-USD's -27.60% return.
BKKT
- 1D
- 2.91%
- 1M
- 0.99%
- YTD
- -8.57%
- 6M
- -41.15%
- 1Y
- -29.76%
- 3Y*
- -35.99%
- 5Y*
- -48.62%
- 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%
BKKT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKKT Bakkt Holdings, Inc. | -8.57% | -59.47% | -55.57% | 87.39% | -86.02% | -15.58% | -8.36% |
BTC-USD Bitcoin | -27.60% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 62.67% |
Correlation
The correlation between BKKT and BTC-USD is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2020 | 0.34 |
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Return for Risk
BKKT vs. BTC-USD — Risk / Return Rank
BKKT
BTC-USD
BKKT vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bakkt Holdings, Inc. (BKKT) 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.
| BKKT | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.87 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.80 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.48 | -1.39 | +0.92 |
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
| BKKT | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | -0.92 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.23 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 1.13 | -1.38 |
Drawdowns
BKKT vs. BTC-USD - Drawdown Comparison
The maximum BKKT drawdown since its inception was -99.41%, 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 BKKT and BTC-USD.
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Drawdown Indicators
| BKKT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.41% | -85.30% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -84.57% | -49.65% | -34.92% |
Max Drawdown (3Y)Largest decline over 3 years | -89.36% | -49.65% | -39.71% |
Max Drawdown (5Y)Largest decline over 5 years | -99.41% | -76.67% | -22.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.14% | -49.21% | -49.93% |
Average DrawdownAverage peak-to-trough decline | -84.78% | -42.28% | -42.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.31% | 33.87% | +28.44% |
Volatility
BKKT vs. BTC-USD - Volatility Comparison
Bakkt Holdings, Inc. (BKKT) has a higher volatility of 36.66% compared to Bitcoin (BTC-USD) at 10.14%. This indicates that BKKT'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
| BKKT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.66% | 10.14% | +26.52% |
Volatility (6M)Calculated over the trailing 6-month period | 79.96% | 34.17% | +45.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 148.67% | 35.51% | +113.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 189.50% | 44.98% | +144.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 183.14% | 56.69% | +126.45% |
Frequently Asked Questions
BKKT and BTC-USD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKKT has higher volatility (36.66%) compared to BTC-USD (10.14%). In terms of maximum drawdown, BKKT dropped -99.41% vs BTC-USD's -85.30%.
BKKT currently has the higher Sharpe Ratio (-0.20 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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