BTC-USD vs. FEZ
BTC-USD (Bitcoin) is a cryptocurrency, while FEZ (SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index. Over the past 10 years, BTC-USD returned 59.68%/yr vs 10.66%/yr for FEZ. At a 0.13 correlation, their price movements are largely independent.
Performance
BTC-USD vs. FEZ - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -28.54% return, which is significantly lower than FEZ's 4.68% return. Over the past 10 years, BTC-USD has outperformed FEZ with an annualized return of 59.68%, while FEZ has yielded a comparatively lower 10.66% annualized return.
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
FEZ
- 1D
- 0.63%
- 1M
- 0.33%
- YTD
- 4.68%
- 6M
- 6.49%
- 1Y
- 15.20%
- 3Y*
- 17.76%
- 5Y*
- 9.78%
- 10Y*
- 10.66%
BTC-USD vs. FEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
FEZ SPDR EURO STOXX 50 ETF | 4.68% | 37.81% | 3.57% | 27.16% | -14.27% | 14.84% | 4.84% | 26.04% | -15.85% | 24.80% |
Correlation
The correlation between BTC-USD and FEZ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.13 |
The correlation between BTC-USD and FEZ shifts across timeframes, from 0.13 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. FEZ — Risk / Return Rank
BTC-USD
FEZ
BTC-USD vs. FEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and SPDR EURO STOXX 50 ETF (FEZ). 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.
| BTC-USD | FEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.16 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.12 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.42 | 3.81 | -5.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTC-USD | FEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 0.84 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.48 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.51 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.30 | +0.83 |
Drawdowns
BTC-USD vs. FEZ - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than FEZ's maximum drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for BTC-USD and FEZ.
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Drawdown Indicators
| BTC-USD | FEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -64.21% | -21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -13.63% | -37.58% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -15.85% | -35.36% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -35.05% | -41.62% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -39.69% | -44.11% |
Current DrawdownCurrent decline from peak | -49.86% | -2.79% | -47.07% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -17.07% | -25.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 4.00% | +30.46% |
Volatility
BTC-USD vs. FEZ - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to SPDR EURO STOXX 50 ETF (FEZ) at 5.64%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than FEZ 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 | FEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 5.64% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 15.06% | +19.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 18.11% | +17.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 20.64% | +24.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 21.12% | +35.59% |
Frequently Asked Questions
BTC-USD and FEZ have a correlation of 0.32, 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 (11.59%) compared to FEZ (5.64%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs FEZ's -64.21%.
FEZ currently has the higher Sharpe Ratio (0.84 vs -0.95), 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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