BTC-USD vs. EDIV
BTC-USD (Bitcoin) is a cryptocurrency, while EDIV (SPDR S&P Emerging Markets Dividend ETF) is Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index. Over the past 10 years, BTC-USD returned 58.69%/yr vs 8.46%/yr for EDIV. At a 0.10 correlation, their price movements are largely independent.
Performance
BTC-USD vs. EDIV - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -23.90% return, which is significantly lower than EDIV's 9.71% return. Over the past 10 years, BTC-USD has outperformed EDIV with an annualized return of 58.69%, while EDIV has yielded a comparatively lower 8.46% annualized return.
BTC-USD
- 1D
- 2.10%
- 1M
- 5.29%
- 6M
- -24.60%
- YTD
- -23.90%
- 1Y
- -43.30%
- 3Y*
- 30.74%
- 5Y*
- 15.58%
- 10Y*
- 58.69%
- ALL TIME*
- 89.03%
EDIV
- 1D
- 0.55%
- 1M
- 2.35%
- 6M
- 6.95%
- YTD
- 9.71%
- 1Y
- 13.24%
- 3Y*
- 16.56%
- 5Y*
- 12.20%
- 10Y*
- 8.46%
- ALL TIME*
- 3.24%
BTC-USD vs. EDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -23.90% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 9.71% | 16.45% | 12.75% | 41.91% | -15.31% | 11.21% | -9.95% | 11.80% | -6.16% | 28.20% |
Correlation
The correlation between BTC-USD and EDIV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2012 | 0.10 |
Over the past year, BTC-USD and EDIV have become more correlated (0.35) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. EDIV — Risk / Return Rank
BTC-USD
EDIV
BTC-USD vs. EDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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 | EDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.19 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.28 | -2.10 |
| Martin ratioReturn relative to average drawdown | -1.30 | 3.74 | -5.04 |
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Drawdowns
BTC-USD vs. EDIV - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than EDIV's maximum drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for BTC-USD and EDIV.
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Drawdown Indicators
| BTC-USD | EDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -53.36% | -31.94% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -10.36% | -42.72% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -13.84% | -39.24% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -28.32% | -48.35% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -40.76% | -43.04% |
Current DrawdownCurrent decline from peak | -46.61% | -1.10% | -45.51% |
Average DrawdownAverage peak-to-trough decline | -42.62% | -19.22% | -23.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.11% | 3.55% | +23.56% |
Volatility
BTC-USD vs. EDIV - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 9.38% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 3.86%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than EDIV 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 | EDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.38% | 3.86% | +5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 34.69% | 11.06% | +23.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.80% | 12.79% | +23.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 13.94% | +29.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 17.30% | +39.03% |
Frequently Asked Questions
BTC-USD and EDIV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.38%) compared to EDIV (3.86%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs EDIV's -53.36%.
EDIV currently has the higher Sharpe Ratio (1.04 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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