BKKT vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Bakkt Holdings, Inc. (BKKT) and Bitcoin (BTC-USD).

Performance

BKKT vs. BTC-USD - Performance Comparison

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

BKKT vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKKT Bakkt Holdings, Inc.	-27.89%	-59.47%	-55.57%	87.39%	-86.02%	-15.58%	-8.36%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	62.67%

Returns By Period

In the year-to-date period, BKKT achieves a -27.89% return, which is significantly lower than BTC-USD's -21.63% return.

BKKT

• 1D: -1.63%
• 1M: -27.31%
• YTD: -27.89%
• 6M: -78.80%
• 1Y: -20.26%
• 3Y*: -44.78%
• 5Y*: -54.00%
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

BKKT vs. BTC-USD — Risk / Return Rank

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

BKKT

BKKT Risk / Return Rank: 42
BKKT Sharpe Ratio Rank: 34
BKKT Sortino Ratio Rank: 56
BKKT Omega Ratio Rank: 52
BKKT Calmar Ratio Rank: 35
BKKT Martin Ratio Rank: 36

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

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 ratio Return per unit of total volatility	-0.13	-0.44	+0.31
Sortino ratio Return per unit of downside risk	1.04	-0.38	+1.42
Omega ratio Gain probability vs. loss probability	1.12	0.96	+0.16
Calmar ratio Return relative to maximum drawdown	-0.20	-1.11	+0.91
Martin ratio Return relative to average drawdown	-0.31	-1.99	+1.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKKT vs. BTC-USD - Sharpe Ratio Comparison

The current BKKT Sharpe Ratio is -0.13, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of BKKT 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

	BKKT	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	-0.44	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.29	0.05	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.27	1.19	-1.46

Correlation

The correlation between BKKT and BTC-USD is 0.34, 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.

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.

Drawdown Indicators

	BKKT	BTC-USD	Difference
Max Drawdown Largest 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 (5Y) Largest decline over 5 years	-99.41%	-76.67%	-22.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-99.32%	-45.02%	-54.30%
Average Drawdown Average peak-to-trough decline	-84.31%	-41.99%	-42.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.10%	27.60%	+25.50%

Volatility

BKKT vs. BTC-USD - Volatility Comparison

Bakkt Holdings, Inc. (BKKT) has a higher volatility of 19.76% compared to Bitcoin (BTC-USD) at 13.58%. 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.

Volatility by Period

	BKKT	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.76%	13.58%	+6.18%
Volatility (6M) Calculated over the trailing 6-month period	94.23%	35.98%	+58.25%
Volatility (1Y) Calculated over the trailing 1-year period	157.22%	36.76%	+120.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	188.80%	46.90%	+141.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	185.20%	56.70%	+128.50%