BTC-USD vs. AAPL
BTC-USD (Bitcoin) is a cryptocurrency, while AAPL (Apple Inc) is a stock. Over the past 10 years, BTC-USD returned 59.37%/yr vs 29.85%/yr for AAPL. At a 0.08 correlation, their price movements are largely independent.
Performance
BTC-USD vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -29.97% return, which is significantly lower than AAPL's 13.26% return. Over the past 10 years, BTC-USD has outperformed AAPL with an annualized return of 59.37%, while AAPL has yielded a comparatively lower 29.85% annualized return.
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
AAPL
- 1D
- -1.25%
- 1M
- 7.00%
- YTD
- 13.26%
- 6M
- 10.45%
- 1Y
- 53.80%
- 3Y*
- 20.25%
- 5Y*
- 20.16%
- 10Y*
- 29.85%
BTC-USD vs. AAPL - Yearly Performance Comparison
Correlation
The correlation between BTC-USD and AAPL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | 0.08 |
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Return for Risk
BTC-USD vs. AAPL — Risk / Return Rank
BTC-USD
AAPL
BTC-USD vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Apple Inc (AAPL). 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 | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.35 | ||
| Sortino ratioReturn per unit of downside risk | -4.68 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.43 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.92 | -4.70 |
| Martin ratioReturn relative to average drawdown | -1.39 | 9.86 | -11.25 |
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 | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 2.42 | -3.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.74 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 1.04 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.44 | +0.68 |
Drawdowns
BTC-USD vs. AAPL - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for BTC-USD and AAPL.
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Drawdown Indicators
| BTC-USD | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -81.80% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -50.87% | -13.80% | -37.07% |
Max Drawdown (3Y)Largest decline over 3 years | -50.87% | -33.36% | -17.51% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -33.36% | -43.31% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -38.52% | -45.28% |
Current DrawdownCurrent decline from peak | -50.87% | -2.49% | -48.38% |
Average DrawdownAverage peak-to-trough decline | -42.29% | -29.61% | -12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.02% | 5.47% | +28.55% |
Volatility
BTC-USD vs. AAPL - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 10.54% compared to Apple Inc (AAPL) at 5.23%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than AAPL 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 | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 5.23% | +5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 34.26% | 15.92% | +18.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.65% | 22.35% | +13.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.98% | 27.45% | +17.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.70% | 28.89% | +27.81% |
Frequently Asked Questions
BTC-USD and AAPL have a correlation of 0.17, 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 (10.54%) compared to AAPL (5.23%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.42 vs -0.93), 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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