BTC-USD vs. CEG
BTC-USD (Bitcoin) is a cryptocurrency, while CEG (Constellation Energy Corp) is a stock. Over the past 3 years, BTC-USD returned 34.86%/yr vs 40.06%/yr for CEG. At a 0.18 correlation, their price movements are largely independent.
Performance
BTC-USD vs. CEG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BTC-USD having a -27.32% return and CEG slightly lower at -27.96%.
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%
CEG
- 1D
- 2.86%
- 1M
- -7.54%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -15.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
BTC-USD vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -57.30% |
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between BTC-USD and CEG is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.18 |
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Return for Risk
BTC-USD vs. CEG — Risk / Return Rank
BTC-USD
CEG
BTC-USD vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Constellation Energy Corp (CEG). 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 | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.98 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.38 | -0.40 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.78 | -0.58 |
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Drawdowns
BTC-USD vs. CEG - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than CEG's maximum drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for BTC-USD and CEG.
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Drawdown Indicators
| BTC-USD | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -50.70% | -34.60% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -39.77% | -11.44% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -50.70% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.01% | -36.93% | -12.08% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -11.67% | -30.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 19.38% | +15.64% |
Volatility
BTC-USD vs. CEG - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 12.11%, while Constellation Energy Corp (CEG) has a volatility of 15.26%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than CEG 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 | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 15.26% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 37.72% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 46.66% | -11.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 49.38% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 49.38% | +7.24% |
Frequently Asked Questions
BTC-USD and CEG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.26%) compared to BTC-USD (12.11%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs CEG's -50.70%.
CEG currently has the higher Sharpe Ratio (-0.32 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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