BRRR vs. BTC-USD
BRRR (Valkyrie Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BRRR returned -47.55% vs -47.54% for BTC-USD. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
BRRR vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with BRRR having a -29.11% return and BTC-USD slightly higher at -28.58%.
BRRR
- 1D
- -2.69%
- 1M
- -2.23%
- 6M
- -32.11%
- YTD
- -29.11%
- 1Y
- -47.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
BRRR vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRRR Valkyrie Bitcoin ETF | -29.11% | -6.50% | 87.59% |
BTC-USD Bitcoin | -28.58% | -6.27% | 100.05% |
Correlation
The correlation between BRRR and BTC-USD is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.72 |
The correlation between BRRR and BTC-USD has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRRR vs. BTC-USD — Risk / Return Rank
BRRR
BTC-USD
BRRR vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin ETF (BRRR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRRR | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.83 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.90 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.46 | 0.00 |
Loading charts...
Drawdowns
BRRR vs. BTC-USD - Drawdown Comparison
The maximum BRRR drawdown since its inception was -53.33%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BRRR and BTC-USD.
Loading charts...
Drawdown Indicators
| BRRR | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -85.30% | +31.97% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | -53.08% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -50.57% | -49.89% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -42.55% | +24.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.68% | 28.99% | +3.69% |
Volatility
BRRR vs. BTC-USD - Volatility Comparison
Valkyrie Bitcoin ETF (BRRR) has a higher volatility of 11.48% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that BRRR'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.
Loading charts...
Volatility by Period
| BRRR | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.48% | 8.86% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 34.96% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.29% | 35.56% | +8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.73% | 43.94% | +5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.73% | 56.32% | -6.59% |
Frequently Asked Questions
BRRR and BTC-USD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRRR has higher volatility (11.48%) compared to BTC-USD (8.86%). In terms of maximum drawdown, BRRR dropped -53.33% vs BTC-USD's -85.30%.
BRRR currently has the higher Sharpe Ratio (-1.08 vs -1.11), 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.
Find the right allocation for BRRR and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer