BTC-USD vs. DAVE
BTC-USD (Bitcoin) is a cryptocurrency, while DAVE (Dave Inc.) is a stock. Over the past 5 years, BTC-USD returned 13.47%/yr vs 4.27%/yr for DAVE. At a 0.16 correlation, their price movements are largely independent.
Performance
BTC-USD vs. DAVE - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.93% return, which is significantly lower than DAVE's 76.21% return.
BTC-USD
- 1D
- 1.32%
- 1M
- 2.22%
- 6M
- -30.73%
- YTD
- -27.93%
- 1Y
- -43.34%
- 3Y*
- 27.51%
- 5Y*
- 13.47%
- 10Y*
- 57.99%
DAVE
- 1D
- 3.90%
- 1M
- 39.98%
- 6M
- 64.89%
- YTD
- 76.21%
- 1Y
- 59.25%
- 3Y*
- 314.71%
- 5Y*
- 4.27%
- 10Y*
- —
BTC-USD vs. DAVE - Yearly Performance Comparison
Correlation
The correlation between BTC-USD and DAVE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.16 |
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Return for Risk
BTC-USD vs. DAVE — Risk / Return Rank
BTC-USD
DAVE
BTC-USD vs. DAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Dave Inc. (DAVE). 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 | DAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.18 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.52 | -2.34 |
| Martin ratioReturn relative to average drawdown | -1.34 | 3.31 | -4.65 |
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Drawdowns
BTC-USD vs. DAVE - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, smaller than the maximum DAVE drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for BTC-USD and DAVE.
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Drawdown Indicators
| BTC-USD | DAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -99.01% | +13.71% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -39.11% | -13.97% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -44.67% | -8.41% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -99.01% | +22.34% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.44% | -14.74% | -34.70% |
Average DrawdownAverage peak-to-trough decline | -42.53% | -68.33% | +25.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.20% | 18.16% | +13.04% |
Volatility
BTC-USD vs. DAVE - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 9.25%, while Dave Inc. (DAVE) has a volatility of 18.09%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than DAVE 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 | DAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.25% | 18.09% | -8.84% |
Volatility (6M)Calculated over the trailing 6-month period | 34.87% | 50.73% | -15.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.75% | 72.95% | -37.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.96% | 98.87% | -54.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.32% | 96.86% | -40.54% |
Frequently Asked Questions
BTC-USD and DAVE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAVE has higher volatility (18.09%) compared to BTC-USD (9.25%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs DAVE's -99.01%.
DAVE currently has the higher Sharpe Ratio (0.82 vs -1.01), 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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