BTC-USD vs. HESAY
BTC-USD (Bitcoin) is a cryptocurrency, while HESAY (Hermes International SA) is a stock. Over the past 10 years, BTC-USD returned 55.97%/yr vs 19.56%/yr for HESAY. At a 0.08 correlation, their price movements are largely independent.
Performance
BTC-USD vs. HESAY - 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 HESAY's -20.12% return. Over the past 10 years, BTC-USD has outperformed HESAY with an annualized return of 55.97%, while HESAY has yielded a comparatively lower 19.56% annualized 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%
HESAY
- 1D
- 1.27%
- 1M
- 7.58%
- YTD
- -20.12%
- 6M
- -20.92%
- 1Y
- -24.62%
- 3Y*
- -1.83%
- 5Y*
- 7.14%
- 10Y*
- 19.56%
BTC-USD vs. HESAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -25.06% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
HESAY Hermes International SA | -20.12% | 4.83% | 13.70% | 38.27% | -11.23% | 63.06% | 44.39% | 37.55% | 4.07% | 32.55% |
Correlation
The correlation between BTC-USD and HESAY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2012 | 0.08 |
The correlation between BTC-USD and HESAY shifts across timeframes, from 0.08 (all time) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. HESAY — Risk / Return Rank
BTC-USD
HESAY
BTC-USD vs. HESAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Hermes International SA (HESAY). 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 | HESAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.87 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.74 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.28 | -1.32 | +0.04 |
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Drawdowns
BTC-USD vs. HESAY - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than HESAY's maximum drawdown of -45.60%. Use the drawdown chart below to compare losses from any high point for BTC-USD and HESAY.
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Drawdown Indicators
| BTC-USD | HESAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -45.60% | -39.70% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -36.48% | -14.73% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -38.23% | -12.98% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -45.60% | -31.07% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -45.60% | -38.20% |
Current DrawdownCurrent decline from peak | -47.43% | -33.22% | -14.21% |
Average DrawdownAverage peak-to-trough decline | -42.37% | -10.86% | -31.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.28% | 20.32% | +14.96% |
Volatility
BTC-USD vs. HESAY - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.10% compared to Hermes International SA (HESAY) at 7.31%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than HESAY 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 | HESAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.10% | 7.31% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 34.64% | 23.41% | +11.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.63% | 30.47% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.55% | 31.54% | +13.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.61% | 27.98% | +28.63% |
Frequently Asked Questions
BTC-USD and HESAY have a correlation of 0.17, 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 (12.10%) compared to HESAY (7.31%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs HESAY's -45.60%.
HESAY currently has the higher Sharpe Ratio (-0.88 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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