BTC-USD vs. HWM
BTC-USD (Bitcoin) is a cryptocurrency, while HWM (Howmet Aerospace Inc.) is a stock. Over the past 10 years, BTC-USD returned 59.68%/yr vs 31.79%/yr for HWM. At a 0.08 correlation, their price movements are largely independent.
Performance
BTC-USD vs. HWM - 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 HWM's 20.38% return. Over the past 10 years, BTC-USD has outperformed HWM with an annualized return of 59.68%, while HWM has yielded a comparatively lower 31.79% 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%
HWM
- 1D
- -2.12%
- 1M
- -8.87%
- YTD
- 20.38%
- 6M
- 27.45%
- 1Y
- 40.91%
- 3Y*
- 75.58%
- 5Y*
- 48.17%
- 10Y*
- 31.79%
BTC-USD vs. HWM - 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% |
HWM Howmet Aerospace Inc. | 20.38% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -37.43% | 48.40% |
Correlation
The correlation between BTC-USD and HWM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.08 |
The correlation between BTC-USD and HWM shifts across timeframes, from 0.08 (all time) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. HWM — Risk / Return Rank
BTC-USD
HWM
BTC-USD vs. HWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Howmet Aerospace Inc. (HWM). 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 | HWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.24 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.59 | -3.39 |
| Martin ratioReturn relative to average drawdown | -1.42 | 7.37 | -8.79 |
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 | HWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 1.34 | -2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 1.51 | -1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.80 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.21 | +0.92 |
Drawdowns
BTC-USD vs. HWM - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum HWM drawdown of -88.30%. Use the drawdown chart below to compare losses from any high point for BTC-USD and HWM.
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Drawdown Indicators
| BTC-USD | HWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -88.30% | +3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -15.89% | -35.32% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -19.41% | -31.80% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -22.40% | -54.27% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -64.81% | -18.99% |
Current DrawdownCurrent decline from peak | -49.86% | -9.88% | -39.98% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -31.01% | -11.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 5.58% | +28.88% |
Volatility
BTC-USD vs. HWM - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to Howmet Aerospace Inc. (HWM) at 7.62%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than HWM 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 | HWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 7.62% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 24.08% | +10.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 30.70% | +4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 32.04% | +12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 39.78% | +16.93% |
Frequently Asked Questions
BTC-USD and HWM have a correlation of 0.14, 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 HWM (7.62%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs HWM's -88.30%.
HWM currently has the higher Sharpe Ratio (1.34 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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