BTC-USD vs. CW8U.L

Last updated Jun 14, 2026

BTC-USD (Bitcoin) is a cryptocurrency, while CW8U.L (Amundi MSCI World UCITS USD) is Global Equities fund tracking the MSCI ACWI NR USD. Over the past 5 years, BTC-USD returned 9.74%/yr vs 11.24%/yr for CW8U.L. At a 0.16 correlation, their price movements are largely independent.

Performance

BTC-USD vs. CW8U.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin (BTC-USD) and Amundi MSCI World UCITS USD (CW8U.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTC-USD achieves a -26.27% return, which is significantly lower than CW8U.L's 8.47% return.

BTC-USD

• 1D: 1.71%
• 1M: -20.43%
• YTD: -26.27%
• 6M: -28.52%
• 1Y: -39.20%
• 3Y*: 36.94%
• 5Y*: 9.74%
• 10Y*: 57.23%

CW8U.L

• 1D: 2.31%
• 1M: -0.09%
• YTD: 8.47%
• 6M: 9.69%
• 1Y: 23.59%
• 3Y*: 19.24%
• 5Y*: 11.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTC-USD vs. CW8U.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BTC-USD Bitcoin	-26.27%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-58.36%
CW8U.L Amundi MSCI World UCITS USD	8.47%	20.32%	19.03%	24.06%	-18.23%	22.09%	15.78%	28.00%	-9.23%

Correlation

The correlation between BTC-USD and CW8U.L 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	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018	0.16

The correlation between BTC-USD and CW8U.L shifts across timeframes, from 0.16 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BTC-USD vs. CW8U.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTC-USD

BTC-USD Risk / Return Rank: 34
BTC-USD Sharpe Ratio Rank: 19
BTC-USD Sortino Ratio Rank: 37
BTC-USD Omega Ratio Rank: 35
BTC-USD Calmar Ratio Rank: 51
BTC-USD Martin Ratio Rank: 30

CW8U.L

CW8U.L Risk / Return Rank: 67
CW8U.L Sharpe Ratio Rank: 66
CW8U.L Sortino Ratio Rank: 73
CW8U.L Omega Ratio Rank: 65
CW8U.L Calmar Ratio Rank: 61
CW8U.L Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTC-USD vs. CW8U.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Amundi MSCI World UCITS USD (CW8U.L). 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	CW8U.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	1.88	-2.80
Sortino ratio: Return per unit of downside risk	-1.27	2.85	-4.13
Omega ratio: Gain probability vs. loss probability	0.87	1.34	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.77	2.70	-3.47
Martin ratio: Return relative to average drawdown	-1.33	11.32	-12.65

BTC-USD vs. CW8U.L - Sharpe Ratio Comparison

The current BTC-USD Sharpe Ratio is -0.92, which is lower than the CW8U.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of BTC-USD and CW8U.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTC-USD vs. CW8U.L - Drawdown Comparison

The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than CW8U.L's maximum drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for BTC-USD and CW8U.L.

Drawdown Indicators

	BTC-USD	CW8U.L	Difference
Max Drawdown Largest peak-to-trough decline	-85.30%	-34.10%	-51.20%
Max Drawdown (1Y) Largest decline over 1 year	-51.21%	-8.48%	-42.73%
Max Drawdown (3Y) Largest decline over 3 years	-51.21%	-17.26%	-33.95%
Max Drawdown (5Y) Largest decline over 5 years	-76.67%	-25.79%	-50.88%
Max Drawdown (10Y) Largest decline over 10 years	-83.80%	—	—
Current Drawdown Current decline from peak	-48.27%	-1.62%	-46.65%
Average Drawdown Average peak-to-trough decline	-42.36%	-5.03%	-37.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.16%	2.03%	+33.13%

Volatility

BTC-USD vs. CW8U.L - Volatility Comparison

Bitcoin (BTC-USD) has a higher volatility of 11.97% compared to Amundi MSCI World UCITS USD (CW8U.L) at 4.07%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than CW8U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTC-USD	CW8U.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.97%	4.07%	+7.90%
Volatility (6M) Calculated over the trailing 6-month period	34.64%	9.57%	+25.07%
Volatility (1Y) Calculated over the trailing 1-year period	35.59%	12.18%	+23.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.57%	15.68%	+28.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.61%	16.77%	+39.84%

Frequently Asked Questions

Can I hold both BTC-USD and CW8U.L in my portfolio?

BTC-USD and CW8U.L 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.