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

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Bit Digital, Inc. (BTBT) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BTBT:

-0.10

BTC-USD:

1.00

Sortino Ratio

BTBT:

1.04

BTC-USD:

3.36

Omega Ratio

BTBT:

1.11

BTC-USD:

1.36

Calmar Ratio

BTBT:

0.12

BTC-USD:

2.82

Martin Ratio

BTBT:

0.31

BTC-USD:

12.90

Ulcer Index

BTBT:

37.61%

BTC-USD:

11.18%

Daily Std Dev

BTBT:

107.69%

BTC-USD:

41.71%

Max Drawdown

BTBT:

-98.16%

BTC-USD:

-93.18%

Current Drawdown

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

YTD

-17.41%

1M

37.50%

6M

-40.25%

1Y

-11.03%

3Y*

13.39%

5Y*

24.74%

10Y*

N/A

BTC-USD

YTD

14.30%

1M

22.02%

6M

13.20%

1Y

52.26%

3Y*

53.66%

5Y*

63.71%

10Y*

84.09%

*Annualized

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Bit Digital, Inc.

Bitcoin

Risk-Adjusted Performance

BTBT vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTBT
The Risk-Adjusted Performance Rank of BTBT is 5757
Overall Rank
The Sharpe Ratio Rank of BTBT is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of BTBT is 6767
Sortino Ratio Rank
The Omega Ratio Rank of BTBT is 6161
Omega Ratio Rank
The Calmar Ratio Rank of BTBT is 5757
Calmar Ratio Rank
The Martin Ratio Rank of BTBT is 5656
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9292
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 9292
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 9090
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current BTBT Sharpe Ratio is -0.10, which is lower than the BTC-USD Sharpe Ratio of 1.00. 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.


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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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