BTC-USD vs. ACWI
BTC-USD (Bitcoin) is a cryptocurrency, while ACWI (iShares MSCI ACWI ETF) is Global Equities fund tracking the MSCI All Country World Index. Over the past 10 years, BTC-USD returned 57.32%/yr vs 13.02%/yr for ACWI. At a 0.13 correlation, their price movements are largely independent.
Performance
BTC-USD vs. ACWI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTC-USD achieves a -27.32% return, which is significantly lower than ACWI's 10.59% return. Over the past 10 years, BTC-USD has outperformed ACWI with an annualized return of 57.32%, while ACWI has yielded a comparatively lower 13.02% annualized return.
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
ACWI
- 1D
- 0.41%
- 1M
- 0.38%
- YTD
- 10.59%
- 6M
- 11.34%
- 1Y
- 25.40%
- 3Y*
- 19.78%
- 5Y*
- 10.88%
- 10Y*
- 13.02%
BTC-USD vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
ACWI iShares MSCI ACWI ETF | 10.59% | 22.41% | 17.45% | 22.27% | -18.39% | 18.66% | 16.34% | 26.59% | -9.19% | 24.33% |
Correlation
The correlation between BTC-USD and ACWI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | 0.13 |
Over the past year, BTC-USD and ACWI have become more correlated (0.39) than their long-term average of 0.13, meaning their price movements have been converging.
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. ACWI — Risk / Return Rank
BTC-USD
ACWI
BTC-USD vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares MSCI ACWI ETF (ACWI). 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 | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.35 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.62 | -3.40 |
| Martin ratioReturn relative to average drawdown | -1.36 | 11.46 | -12.82 |
Loading charts...
Drawdowns
BTC-USD vs. ACWI - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for BTC-USD and ACWI.
Loading charts...
Drawdown Indicators
| BTC-USD | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -56.00% | -29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -9.73% | -41.48% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -16.55% | -34.66% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -26.42% | -50.25% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -33.53% | -50.27% |
Current DrawdownCurrent decline from peak | -49.01% | -2.19% | -46.82% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -8.60% | -33.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 2.22% | +32.80% |
Volatility
BTC-USD vs. ACWI - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.11% compared to iShares MSCI ACWI ETF (ACWI) at 5.17%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTC-USD | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 5.17% | +6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 11.09% | +23.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 13.42% | +22.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 16.15% | +28.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 17.14% | +39.48% |
Frequently Asked Questions
BTC-USD and ACWI have a correlation of 0.39, 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 (12.11%) compared to ACWI (5.17%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs ACWI's -56.00%.
ACWI currently has the higher Sharpe Ratio (1.90 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.
Find the right allocation for BTC-USD and ACWI
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