BTC-USD vs. ^N225
BTC-USD (Bitcoin) is a cryptocurrency, while ^N225 (Nikkei 225) is an index. Over the past 10 years, BTC-USD returned 59.68%/yr vs 10.34%/yr for ^N225. At a correlation of -0.01, they often move in opposite directions.
Performance
BTC-USD vs. ^N225 - Performance Comparison
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Different Trading Currencies
BTC-USD is traded in USD, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTC-USD achieves a -28.54% return, which is significantly lower than ^N225's 29.07% return. Over the past 10 years, BTC-USD has outperformed ^N225 with an annualized return of 59.68%, while ^N225 has yielded a comparatively lower 10.34% annualized return.
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
^N225
- 1D
- 0.00%
- 1M
- 3.75%
- YTD
- 29.07%
- 6M
- 28.03%
- 1Y
- 59.40%
- 3Y*
- 21.51%
- 5Y*
- 9.41%
- 10Y*
- 10.34%
BTC-USD vs. ^N225 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
^N225 Nikkei 225 | 29.07% | 26.56% | 7.17% | 19.21% | -20.48% | -5.90% | 22.42% | 19.73% | -10.20% | 23.76% |
Correlation
The correlation between BTC-USD and ^N225 is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | -0.01 |
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Return for Risk
BTC-USD vs. ^N225 — Risk / Return Rank
BTC-USD
^N225
BTC-USD vs. ^N225 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Nikkei 225 (^N225). 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.
| BTC-USD | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.35 | ||
| Sortino ratioReturn per unit of downside risk | -4.73 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.40 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 4.11 | -4.91 |
| Martin ratioReturn relative to average drawdown | -1.42 | 13.32 | -14.74 |
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
| BTC-USD | ^N225 | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 2.40 | -3.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.41 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.50 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.25 | +0.89 |
Drawdowns
BTC-USD vs. ^N225 - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than ^N225's maximum drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for BTC-USD and ^N225.
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Drawdown Indicators
| BTC-USD | ^N225 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -52.37% | -32.93% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -14.75% | -36.46% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -24.78% | -26.43% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -36.26% | -40.41% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -37.97% | -45.83% |
Current DrawdownCurrent decline from peak | -49.86% | -2.84% | -47.02% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -13.62% | -28.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 4.47% | +29.99% |
Volatility
BTC-USD vs. ^N225 - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to Nikkei 225 (^N225) at 7.37%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | ^N225 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 7.37% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 20.33% | +14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 25.34% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 23.72% | +21.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 21.53% | +35.18% |
Frequently Asked Questions
BTC-USD and ^N225 have a correlation of 0.02, 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 (11.59%) compared to ^N225 (7.37%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs ^N225's -52.37%.
^N225 currently has the higher Sharpe Ratio (2.40 vs -0.95), 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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