BTBT vs. BTC-USD
Compare and contrast key facts about Bit Digital, Inc. (BTBT) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTBT or BTC-USD.
Correlation
The correlation between BTBT 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.
Performance
BTBT vs. BTC-USD - Performance Comparison
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Key characteristics
BTBT:
-0.10
BTC-USD:
1.00
BTBT:
1.04
BTC-USD:
3.36
BTBT:
1.11
BTC-USD:
1.36
BTBT:
0.12
BTC-USD:
2.82
BTBT:
0.31
BTC-USD:
12.90
BTBT:
37.61%
BTC-USD:
11.18%
BTBT:
107.69%
BTC-USD:
41.71%
BTBT:
-98.16%
BTC-USD:
-93.18%
BTBT:
-91.73%
BTC-USD:
0.00%
Returns By Period
In the year-to-date period, BTBT achieves a -17.41% return, which is significantly lower than BTC-USD's 14.30% return.
BTBT
-17.41%
37.50%
-40.25%
-11.03%
13.39%
24.74%
N/A
BTC-USD
14.30%
22.02%
13.20%
52.26%
53.66%
63.71%
84.09%
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Risk-Adjusted Performance
BTBT vs. BTC-USD — Risk-Adjusted Performance Rank
BTBT
BTC-USD
BTBT vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) 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.
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Drawdowns
BTBT vs. BTC-USD - Drawdown Comparison
The maximum BTBT drawdown since its inception was -98.16%, which is greater than BTC-USD's maximum drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for BTBT and BTC-USD. For additional features, visit the drawdowns tool.
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Volatility
BTBT vs. BTC-USD - Volatility Comparison
Bit Digital, Inc. (BTBT) has a higher volatility of 22.06% compared to Bitcoin (BTC-USD) at 10.61%. This indicates that BTBT'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.
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