BTC-USD vs. CRDO
BTC-USD (Bitcoin) is a cryptocurrency, while CRDO (Credo Technology Group Holding Ltd) is a stock. Over the past 3 years, BTC-USD returned 36.87%/yr vs 142.90%/yr for CRDO. At a 0.20 correlation, their price movements are largely independent.
Performance
BTC-USD vs. CRDO - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -25.06% return, which is significantly lower than CRDO's 74.31% return.
BTC-USD
- 1D
- 2.42%
- 1M
- -17.06%
- YTD
- -25.06%
- 6M
- -25.64%
- 1Y
- -37.83%
- 3Y*
- 36.87%
- 5Y*
- 10.30%
- 10Y*
- 55.97%
CRDO
- 1D
- -5.27%
- 1M
- 45.68%
- YTD
- 74.31%
- 6M
- 74.28%
- 1Y
- 241.28%
- 3Y*
- 142.90%
- 5Y*
- —
- 10Y*
- —
BTC-USD vs. CRDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BTC-USD Bitcoin | -25.06% | -6.27% | 120.76% | 155.82% | -55.13% |
CRDO Credo Technology Group Holding Ltd | 74.31% | 114.09% | 245.20% | 46.28% | 10.00% |
Correlation
The correlation between BTC-USD and CRDO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.20 |
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Return for Risk
BTC-USD vs. CRDO — Risk / Return Rank
BTC-USD
CRDO
BTC-USD vs. CRDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Credo Technology Group Holding Ltd (CRDO). 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 | CRDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.67 | ||
| Sortino ratioReturn per unit of downside risk | -4.15 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.35 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 4.46 | -5.20 |
| Martin ratioReturn relative to average drawdown | -1.28 | 10.76 | -12.04 |
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Drawdowns
BTC-USD vs. CRDO - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than CRDO's maximum drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for BTC-USD and CRDO.
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Drawdown Indicators
| BTC-USD | CRDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -62.04% | -23.26% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -53.59% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -61.05% | +9.84% |
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 | -47.43% | -5.27% | -42.16% |
Average DrawdownAverage peak-to-trough decline | -42.37% | -19.38% | -22.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.28% | 22.17% | +13.11% |
Volatility
BTC-USD vs. CRDO - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 12.10%, while Credo Technology Group Holding Ltd (CRDO) has a volatility of 28.41%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than CRDO 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 | CRDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.10% | 28.41% | -16.31% |
Volatility (6M)Calculated over the trailing 6-month period | 34.64% | 65.16% | -30.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.63% | 85.70% | -50.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.55% | 81.50% | -36.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.61% | 81.50% | -24.89% |
Frequently Asked Questions
BTC-USD and CRDO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRDO has higher volatility (28.41%) compared to BTC-USD (12.10%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs CRDO's -62.04%.
CRDO currently has the higher Sharpe Ratio (2.79 vs -0.88), 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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