BKKT vs. XYZ

Last updated Jun 9, 2026

BKKT (Bakkt Holdings, Inc.) and XYZ (Block, Inc) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 5 years, BKKT returned -50.00%/yr vs -19.76%/yr for XYZ. At a 0.44 correlation, their price movements are largely independent.

Performance

BKKT vs. XYZ - Performance Comparison

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

Returns By Period

In the year-to-date period, BKKT achieves a -19.22% return, which is significantly lower than XYZ's 7.42% return.

BKKT

• 1D: 3.58%
• 1M: -17.66%
• YTD: -19.22%
• 6M: -36.44%
• 1Y: -41.70%
• 3Y*: -38.43%
• 5Y*: -50.00%
• 10Y*: —

XYZ

• 1D: 2.60%
• 1M: -6.59%
• YTD: 7.42%
• 6M: 14.55%
• 1Y: 7.59%
• 3Y*: 2.49%
• 5Y*: -19.76%
• 10Y*: 22.56%

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

BKKT vs. XYZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKKT Bakkt Holdings, Inc.	-19.22%	-59.47%	-55.57%	87.39%	-86.02%	-15.58%	-8.36%
XYZ Block, Inc	7.42%	-23.41%	9.88%	23.09%	-61.09%	-25.79%	13.56%

Correlation

The correlation between BKKT and XYZ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 20, 2020	0.44

Fundamentals

EPS BKKT : -$18.68 XYZ : $1.31
PS Ratio BKKT : 0.04 XYZ : 1.76
Total Revenue (TTM) BKKT : $1.28B XYZ : $24.48B
Gross Profit (TTM) BKKT : $470.36M XYZ : $11.01B
EBITDA (TTM) BKKT : -$124.76M XYZ : $2.42B

Return for Risk

BKKT vs. XYZ — Risk / Return Rank

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

BKKT

BKKT Risk / Return Rank: 35
BKKT Sharpe Ratio Rank: 30
BKKT Sortino Ratio Rank: 45
BKKT Omega Ratio Rank: 44
BKKT Calmar Ratio Rank: 25
BKKT Martin Ratio Rank: 30

XYZ

XYZ Risk / Return Rank: 46
XYZ Sharpe Ratio Rank: 48
XYZ Sortino Ratio Rank: 45
XYZ Omega Ratio Rank: 44
XYZ Calmar Ratio Rank: 47
XYZ Martin Ratio Rank: 47

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. XYZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bakkt Holdings, Inc. (BKKT) and Block, Inc (XYZ). 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	XYZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	0.16	-0.44
Sortino ratio: Return per unit of downside risk	0.59	0.56	+0.03
Omega ratio: Gain probability vs. loss probability	1.07	1.07	0.00
Calmar ratio: Return relative to maximum drawdown	-0.49	0.19	-0.69
Martin ratio: Return relative to average drawdown	-0.67	0.45	-1.11
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. XYZ - Sharpe Ratio Comparison

The current BKKT Sharpe Ratio is -0.28, which is lower than the XYZ Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of BKKT and XYZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKKT	XYZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.28	0.16	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	-0.33	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.26	0.30	-0.56

Drawdowns

BKKT vs. XYZ - Drawdown Comparison

The maximum BKKT drawdown since its inception was -99.41%, which is greater than XYZ's maximum drawdown of -86.08%. Use the drawdown chart below to compare losses from any high point for BKKT and XYZ.

Drawdown Indicators

	BKKT	XYZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.41%	-86.08%	-13.33%
Max Drawdown (1Y) Largest decline over 1 year	-84.57%	-39.48%	-45.09%
Max Drawdown (3Y) Largest decline over 3 years	-89.36%	-52.96%	-36.40%
Max Drawdown (5Y) Largest decline over 5 years	-99.41%	-86.08%	-13.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-86.08%	—
Current Drawdown Current decline from peak	-99.24%	-75.19%	-24.05%
Average Drawdown Average peak-to-trough decline	-84.80%	-41.01%	-43.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.74%	17.04%	+45.70%

Volatility

BKKT vs. XYZ - Volatility Comparison

Bakkt Holdings, Inc. (BKKT) has a higher volatility of 39.68% compared to Block, Inc (XYZ) at 14.16%. This indicates that BKKT's price experiences larger fluctuations and is considered to be riskier than XYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKKT	XYZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.68%	14.16%	+25.52%
Volatility (6M) Calculated over the trailing 6-month period	81.06%	35.29%	+45.77%
Volatility (1Y) Calculated over the trailing 1-year period	149.68%	46.81%	+102.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	189.62%	60.00%	+129.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	183.12%	56.71%	+126.41%

Dividends

BKKT vs. XYZ - Dividend Comparison

Neither BKKT nor XYZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BKKT and XYZ in my portfolio?

BKKT and XYZ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKKT or XYZ?

BKKT has higher volatility (39.68%) compared to XYZ (14.16%). In terms of maximum drawdown, BKKT dropped -99.41% vs XYZ's -86.08%.

Which has better risk-adjusted returns?

XYZ currently has the higher Sharpe Ratio (0.16 vs -0.28), 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.