BSV vs. BTC-USD
BSV (Vanguard Short-Term Bond Index Fund ETF Shares) is Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, BSV returned 1.94%/yr vs 57.32%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
BSV vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BSV achieves a 0.42% return, which is significantly higher than BTC-USD's -27.32% return. Over the past 10 years, BSV has underperformed BTC-USD with an annualized return of 1.94%, while BTC-USD has yielded a comparatively higher 57.32% annualized return.
BSV
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- 0.42%
- 6M
- 0.75%
- 1Y
- 3.58%
- 3Y*
- 4.57%
- 5Y*
- 1.63%
- 10Y*
- 1.94%
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
BSV vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.42% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between BSV and BTC-USD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | 0.01 |
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Return for Risk
BSV vs. BTC-USD — Risk / Return Rank
BSV
BTC-USD
BSV vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) 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.
| BSV | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +4.54 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.87 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | -0.78 | +3.57 |
| Martin ratioReturn relative to average drawdown | 9.42 | -1.36 | +10.78 |
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Drawdowns
BSV vs. BTC-USD - Drawdown Comparison
The maximum BSV drawdown since its inception was -8.54%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BSV and BTC-USD.
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Drawdown Indicators
| BSV | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -85.30% | +76.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -51.21% | +49.92% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | -51.21% | +49.68% |
Max Drawdown (5Y)Largest decline over 5 years | -8.54% | -76.67% | +68.13% |
Max Drawdown (10Y)Largest decline over 10 years | -8.54% | -83.80% | +75.26% |
Current DrawdownCurrent decline from peak | -0.50% | -49.01% | +48.51% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -42.35% | +41.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 35.02% | -34.64% |
Volatility
BSV vs. BTC-USD - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) is 0.57%, while Bitcoin (BTC-USD) has a volatility of 12.11%. This indicates that BSV experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSV | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 12.11% | -11.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.28% | 34.59% | -33.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.79% | 35.62% | -33.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 44.71% | -41.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.38% | 56.62% | -54.24% |
Frequently Asked Questions
BSV and BTC-USD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.11%) compared to BSV (0.57%). In terms of maximum drawdown, BSV dropped -8.54% vs BTC-USD's -85.30%.
BSV currently has the higher Sharpe Ratio (2.01 vs -0.93), 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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