BTC-USD vs. COIN
BTC-USD (Bitcoin) is a cryptocurrency, while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, BTC-USD returned 12.15%/yr vs -6.57%/yr for COIN. At a 0.50 correlation, their price movements are largely independent.
Performance
BTC-USD vs. COIN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BTC-USD having a -28.06% return and COIN slightly higher at -27.81%.
BTC-USD
- 1D
- -2.33%
- 1M
- -18.01%
- YTD
- -28.06%
- 6M
- -26.35%
- 1Y
- -40.01%
- 3Y*
- 32.86%
- 5Y*
- 12.15%
- 10Y*
- 56.74%
COIN
- 1D
- -1.00%
- 1M
- -15.61%
- YTD
- -27.81%
- 6M
- -31.75%
- 1Y
- -44.71%
- 3Y*
- 43.21%
- 5Y*
- -6.57%
- 10Y*
- —
BTC-USD vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -28.06% | -6.27% | 120.76% | 155.82% | -64.23% | -27.33% |
COIN Coinbase Global, Inc. | -27.81% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
Correlation
The correlation between BTC-USD and COIN is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.50 |
The correlation between BTC-USD and COIN has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
BTC-USD vs. COIN — Risk / Return Rank
BTC-USD
COIN
BTC-USD vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Coinbase Global, Inc. (COIN). 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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.91 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.68 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.07 | -0.26 |
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Drawdowns
BTC-USD vs. COIN - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, smaller than the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for BTC-USD and COIN.
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Drawdown Indicators
| BTC-USD | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -91.46% | +6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -66.39% | +15.18% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -66.39% | +15.18% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -90.90% | +14.23% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.53% | -61.11% | +11.58% |
Average DrawdownAverage peak-to-trough decline | -42.41% | -52.62% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.06% | 41.70% | -10.64% |
Volatility
BTC-USD vs. COIN - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 12.34%, while Coinbase Global, Inc. (COIN) has a volatility of 18.15%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than COIN 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 | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.34% | 18.15% | -5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 34.61% | 51.86% | -17.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.65% | 70.38% | -34.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.48% | 85.95% | -41.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.55% | 85.41% | -28.86% |
Frequently Asked Questions
BTC-USD and COIN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (18.15%) compared to BTC-USD (12.34%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs COIN's -91.46%.
COIN currently has the higher Sharpe Ratio (-0.66 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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