BRRR vs. BTG-USD
BRRR (Valkyrie Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BTG-USD (Bitcoin Gold) is a cryptocurrency. Over the past year, BRRR returned -41.01% vs -69.06% for BTG-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
BRRR vs. BTG-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BRRR achieves a -31.30% return, which is significantly higher than BTG-USD's -69.73% return.
BRRR
- 1D
- -5.14%
- 1M
- -26.07%
- YTD
- -31.30%
- 6M
- -32.66%
- 1Y
- -41.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTG-USD
- 1D
- -32.45%
- 1M
- -64.54%
- YTD
- -69.73%
- 6M
- -44.71%
- 1Y
- -69.06%
- 3Y*
- -73.49%
- 5Y*
- -67.20%
- 10Y*
- —
BRRR vs. BTG-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRRR Valkyrie Bitcoin ETF | -31.30% | -6.50% | 99.02% |
BTG-USD Bitcoin Gold | -69.73% | -92.37% | -67.39% |
Correlation
The correlation between BRRR and BTG-USD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.18 |
The correlation between BRRR and BTG-USD shifts across timeframes, from 0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRRR vs. BTG-USD — Risk / Return Rank
BRRR
BTG-USD
BRRR vs. BTG-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin ETF (BRRR) and Bitcoin Gold (BTG-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.
| BRRR | BTG-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -9.29 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.85 | -1.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.74 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.43 | -0.95 | -0.48 |
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
| BRRR | BTG-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | -0.07 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.15 | +0.37 |
Drawdowns
BRRR vs. BTG-USD - Drawdown Comparison
The maximum BRRR drawdown since its inception was -52.09%, smaller than the maximum BTG-USD drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for BRRR and BTG-USD.
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Drawdown Indicators
| BRRR | BTG-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.09% | -99.96% | +47.87% |
Max Drawdown (1Y)Largest decline over 1 year | -52.09% | -93.80% | +41.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -99.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.77% | — |
Current DrawdownCurrent decline from peak | -52.09% | -99.95% | +47.86% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -93.34% | +77.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.76% | 64.69% | -35.93% |
Volatility
BRRR vs. BTG-USD - Volatility Comparison
The current volatility for Valkyrie Bitcoin ETF (BRRR) is 9.92%, while Bitcoin Gold (BTG-USD) has a volatility of 117.63%. This indicates that BRRR experiences smaller price fluctuations and is considered to be less risky than BTG-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRRR | BTG-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 117.63% | -107.71% |
Volatility (6M)Calculated over the trailing 6-month period | 34.15% | 594.15% | -560.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.91% | 792.69% | -748.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.96% | 376.47% | -326.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.96% | 300.06% | -250.10% |
Frequently Asked Questions
BRRR and BTG-USD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTG-USD has higher volatility (117.63%) compared to BRRR (9.92%). In terms of maximum drawdown, BRRR dropped -52.09% vs BTG-USD's -99.96%.
BTG-USD currently has the higher Sharpe Ratio (-0.07 vs -0.94), 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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