BTC-USD vs. AIRR
BTC-USD (Bitcoin) is a cryptocurrency, while AIRR (First Trust RBA American Industrial Renaissance ETF) is Building & Construction fund tracking the Richard Bernstein Advisors American Industrial Renaissance Index. Over the past 10 years, BTC-USD returned 57.32%/yr vs 22.05%/yr for AIRR. At a 0.12 correlation, their price movements are largely independent.
Performance
BTC-USD vs. AIRR - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.32% return, which is significantly lower than AIRR's 31.74% return. Over the past 10 years, BTC-USD has outperformed AIRR with an annualized return of 57.32%, while AIRR has yielded a comparatively lower 22.05% 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%
AIRR
- 1D
- 0.83%
- 1M
- -0.02%
- YTD
- 31.74%
- 6M
- 28.77%
- 1Y
- 65.25%
- 3Y*
- 35.29%
- 5Y*
- 25.46%
- 10Y*
- 22.05%
BTC-USD vs. AIRR - 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% |
AIRR First Trust RBA American Industrial Renaissance ETF | 31.74% | 27.92% | 33.45% | 31.43% | -2.08% | 33.01% | 17.17% | 33.97% | -20.57% | 16.28% |
Correlation
The correlation between BTC-USD and AIRR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2014 | 0.12 |
Over the past year, BTC-USD and AIRR have become more correlated (0.36) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. AIRR — Risk / Return Rank
BTC-USD
AIRR
BTC-USD vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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 | AIRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.44 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.40 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 5.01 | -5.79 |
| Martin ratioReturn relative to average drawdown | -1.36 | 18.33 | -19.69 |
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Drawdowns
BTC-USD vs. AIRR - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for BTC-USD and AIRR.
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Drawdown Indicators
| BTC-USD | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -42.37% | -42.93% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -13.09% | -38.12% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -27.95% | -23.26% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -27.95% | -48.72% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -42.37% | -41.43% |
Current DrawdownCurrent decline from peak | -49.01% | -1.89% | -47.12% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -7.48% | -34.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 3.57% | +31.45% |
Volatility
BTC-USD vs. AIRR - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.11% compared to First Trust RBA American Industrial Renaissance ETF (AIRR) at 9.32%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than AIRR 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 | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 9.32% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 20.81% | +13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 26.19% | +9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 25.45% | +19.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 26.36% | +30.26% |
Frequently Asked Questions
BTC-USD and AIRR have a correlation of 0.36, 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 AIRR (9.32%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs AIRR's -42.37%.
AIRR currently has the higher Sharpe Ratio (2.50 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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