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BKKT vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Key characteristics


BKKTBTC-USD
YTD Return-88.68%37.83%
1Y Return-80.73%103.11%
3Y Return (Ann)-71.58%0.91%
Sharpe Ratio-0.614.22
Daily Std Dev132.76%38.76%
Max Drawdown-99.41%-93.07%
Current Drawdown-99.41%-20.29%

Correlation

-0.50.00.51.00.3

The correlation between BKKT and BTC-USD is 0.33, 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

BKKT vs. BTC-USD - Performance Comparison

In the year-to-date period, BKKT achieves a -88.68% 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.


-100.00%0.00%100.00%200.00%300.00%December2024FebruaryMarchAprilMay
-97.71%
226.77%
BKKT
BTC-USD

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Bakkt Holdings, Inc.

Bitcoin

Risk-Adjusted Performance

BKKT vs. BTC-USD - Risk-Adjusted Performance 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
Sharpe ratio
The chart of Sharpe ratio for BKKT, currently valued at -0.61, compared to the broader market-2.00-1.000.001.002.003.004.00-0.61
Sortino ratio
The chart of Sortino ratio for BKKT, currently valued at -1.10, compared to the broader market-4.00-2.000.002.004.006.00-1.10
Omega ratio
The chart of Omega ratio for BKKT, currently valued at 0.85, compared to the broader market0.501.001.500.85
Calmar ratio
The chart of Calmar ratio for BKKT, currently valued at 0.00, compared to the broader market0.002.004.006.000.00
Martin ratio
The chart of Martin ratio for BKKT, currently valued at -1.90, compared to the broader market-10.000.0010.0020.0030.00-1.90
BTC-USD
Sharpe ratio
The chart of Sharpe ratio for BTC-USD, currently valued at 4.22, compared to the broader market-2.00-1.000.001.002.003.004.004.22
Sortino ratio
The chart of Sortino ratio for BTC-USD, currently valued at 4.07, compared to the broader market-4.00-2.000.002.004.006.004.07
Omega ratio
The chart of Omega ratio for BTC-USD, currently valued at 1.47, compared to the broader market0.501.001.501.47
Calmar ratio
The chart of Calmar ratio for BTC-USD, currently valued at 0.81, compared to the broader market0.002.004.006.000.81
Martin ratio
The chart of Martin ratio for BTC-USD, currently valued at 34.86, compared to the broader market-10.000.0010.0020.0030.0034.86

BKKT vs. BTC-USD - Sharpe Ratio Comparison

The current BKKT Sharpe Ratio is -0.61, which is lower than the BTC-USD Sharpe Ratio of 4.22. The chart below compares the 12-month rolling Sharpe Ratio of BKKT and BTC-USD.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.005.006.00December2024FebruaryMarchAprilMay
-0.61
4.22
BKKT
BTC-USD

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 -93.07%. Use the drawdown chart below to compare losses from any high point for BKKT and BTC-USD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%December2024FebruaryMarchAprilMay
-99.41%
-20.29%
BKKT
BTC-USD

Volatility

BKKT vs. BTC-USD - Volatility Comparison

Bakkt Holdings, Inc. (BKKT) has a higher volatility of 49.52% compared to Bitcoin (BTC-USD) at 15.73%. 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.


0.00%20.00%40.00%60.00%80.00%December2024FebruaryMarchAprilMay
49.52%
15.73%
BKKT
BTC-USD