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BTBT vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Key characteristics


BTBTBTC-USD
YTD Return9.69%114.32%
1Y Return120.95%154.90%
3Y Return (Ann)-26.76%11.43%
Sharpe Ratio1.191.07
Sortino Ratio2.231.78
Omega Ratio1.251.17
Calmar Ratio1.440.91
Martin Ratio3.344.39
Ulcer Index40.52%13.18%
Daily Std Dev114.05%44.55%
Max Drawdown-98.16%-93.07%
Current Drawdown-84.15%0.00%

Correlation

-0.50.00.51.00.4

The correlation between BTBT and BTC-USD is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

BTBT vs. BTC-USD - Performance Comparison

In the year-to-date period, BTBT achieves a 9.69% return, which is significantly lower than BTC-USD's 114.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%50.00%100.00%JuneJulyAugustSeptemberOctoberNovember
95.78%
36.69%
BTBT
BTC-USD

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Risk-Adjusted Performance

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.


BTBT
Sharpe ratio
The chart of Sharpe ratio for BTBT, currently valued at 1.46, compared to the broader market-4.00-2.000.002.004.001.46
Sortino ratio
The chart of Sortino ratio for BTBT, currently valued at 2.56, compared to the broader market-4.00-2.000.002.004.006.002.56
Omega ratio
The chart of Omega ratio for BTBT, currently valued at 1.28, compared to the broader market0.501.001.502.001.28
Calmar ratio
The chart of Calmar ratio for BTBT, currently valued at 1.03, compared to the broader market0.002.004.006.001.03
Martin ratio
The chart of Martin ratio for BTBT, currently valued at 8.68, compared to the broader market0.0010.0020.0030.008.68
BTC-USD
Sharpe ratio
The chart of Sharpe ratio for BTC-USD, currently valued at 1.07, compared to the broader market-4.00-2.000.002.004.001.07
Sortino ratio
The chart of Sortino ratio for BTC-USD, currently valued at 1.78, compared to the broader market-4.00-2.000.002.004.006.001.78
Omega ratio
The chart of Omega ratio for BTC-USD, currently valued at 1.17, compared to the broader market0.501.001.502.001.17
Calmar ratio
The chart of Calmar ratio for BTC-USD, currently valued at 0.91, compared to the broader market0.002.004.006.000.91
Martin ratio
The chart of Martin ratio for BTC-USD, currently valued at 4.39, compared to the broader market0.0010.0020.0030.004.39

BTBT vs. BTC-USD - Sharpe Ratio Comparison

The current BTBT Sharpe Ratio is 1.19, which is comparable to the BTC-USD Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of BTBT and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.002.004.006.00JuneJulyAugustSeptemberOctoberNovember
1.46
1.07
BTBT
BTC-USD

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 -93.07%. Use the drawdown chart below to compare losses from any high point for BTBT and BTC-USD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-84.15%
0
BTBT
BTC-USD

Volatility

BTBT vs. BTC-USD - Volatility Comparison

Bit Digital, Inc. (BTBT) has a higher volatility of 40.50% compared to Bitcoin (BTC-USD) at 15.70%. 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.


10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
40.50%
15.70%
BTBT
BTC-USD