BTC-USD vs. 0700.HK
BTC-USD (Bitcoin) is a cryptocurrency, while 0700.HK (Tencent Holdings Ltd) is a stock. Over the past 10 years, BTC-USD returned 57.23%/yr vs 12.07%/yr for 0700.HK. At a 0.03 correlation, their price movements are largely independent.
Performance
BTC-USD vs. 0700.HK - Performance Comparison
Loading charts...
Different Trading Currencies
BTC-USD is traded in USD, while 0700.HK is traded in HKD. To make them comparable, the 0700.HK 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 -26.27% return, which is significantly lower than 0700.HK's -22.23% return. Over the past 10 years, BTC-USD has outperformed 0700.HK with an annualized return of 57.23%, while 0700.HK has yielded a comparatively lower 12.07% annualized return.
BTC-USD
- 1D
- 1.71%
- 1M
- -20.43%
- YTD
- -26.27%
- 6M
- -28.52%
- 1Y
- -39.20%
- 3Y*
- 36.94%
- 5Y*
- 9.74%
- 10Y*
- 57.23%
0700.HK
- 1D
- 1.42%
- 1M
- 1.88%
- YTD
- -22.23%
- 6M
- -24.36%
- 1Y
- -7.87%
- 3Y*
- 11.43%
- 5Y*
- -2.73%
- 10Y*
- 12.07%
BTC-USD vs. 0700.HK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -26.27% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
0700.HK Tencent Holdings Ltd | -22.23% | 44.65% | 43.98% | -6.78% | -24.42% | -19.22% | 51.36% | 20.60% | -22.66% | 112.97% |
Correlation
The correlation between BTC-USD and 0700.HK is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTC-USD vs. 0700.HK — Risk / Return Rank
BTC-USD
0700.HK
BTC-USD vs. 0700.HK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Tencent Holdings Ltd (0700.HK). 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.
| BTC-USD | 0700.HK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.98 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.22 | -0.55 |
| Martin ratioReturn relative to average drawdown | -1.33 | -0.47 | -0.86 |
Loading charts...
Drawdowns
BTC-USD vs. 0700.HK - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than 0700.HK's maximum drawdown of -73.13%. Use the drawdown chart below to compare losses from any high point for BTC-USD and 0700.HK.
Loading charts...
Drawdown Indicators
| BTC-USD | 0700.HK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -73.13% | -12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -36.95% | -14.26% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -36.95% | -14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -65.90% | -10.77% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -73.13% | -10.67% |
Current DrawdownCurrent decline from peak | -48.27% | -32.18% | -16.09% |
Average DrawdownAverage peak-to-trough decline | -42.36% | -19.68% | -22.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.16% | 16.80% | +18.36% |
Volatility
BTC-USD vs. 0700.HK - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 11.97%, while Tencent Holdings Ltd (0700.HK) has a volatility of 13.13%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than 0700.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTC-USD | 0700.HK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 13.13% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 34.64% | 23.71% | +10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.59% | 29.65% | +5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.57% | 39.33% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.61% | 35.57% | +21.04% |
Frequently Asked Questions
BTC-USD and 0700.HK have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BTC-USD and 0700.HK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer