BTC-USD vs. IDHQ
BTC-USD (Bitcoin) is a cryptocurrency, while IDHQ (Invesco S&P International Developed High Quality ETF) is Foreign Large Cap Equities fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Over the past 10 years, BTC-USD returned 57.23%/yr vs 10.67%/yr for IDHQ. At a 0.11 correlation, their price movements are largely independent.
Performance
BTC-USD vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -26.27% return, which is significantly lower than IDHQ's 19.79% return. Over the past 10 years, BTC-USD has outperformed IDHQ with an annualized return of 57.23%, while IDHQ has yielded a comparatively lower 10.67% annualized return.
BTC-USD
- 1D
- 1.71%
- 1M
- -20.43%
- YTD
- -26.27%
- 6M
- -28.52%
- 1Y
- -39.20%
- 3Y*
- 36.94%
- 5Y*
- 9.74%
- 10Y*
- 57.23%
IDHQ
- 1D
- -0.33%
- 1M
- 3.46%
- YTD
- 19.79%
- 6M
- 21.75%
- 1Y
- 30.93%
- 3Y*
- 18.28%
- 5Y*
- 8.69%
- 10Y*
- 10.67%
BTC-USD vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -26.27% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
IDHQ Invesco S&P International Developed High Quality ETF | 19.79% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between BTC-USD and IDHQ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012 | 0.11 |
Over the past year, BTC-USD and IDHQ have become more correlated (0.34) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. IDHQ — Risk / Return Rank
BTC-USD
IDHQ
BTC-USD vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Invesco S&P International Developed High Quality ETF (IDHQ). 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 | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.28 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 2.19 | -2.96 |
| Martin ratioReturn relative to average drawdown | -1.33 | 8.67 | -10.01 |
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Drawdowns
BTC-USD vs. IDHQ - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than IDHQ's maximum drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for BTC-USD and IDHQ.
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Drawdown Indicators
| BTC-USD | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -73.84% | -11.46% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -13.44% | -37.77% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -14.07% | -37.14% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -33.54% | -43.13% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -33.54% | -50.26% |
Current DrawdownCurrent decline from peak | -48.27% | -0.33% | -47.94% |
Average DrawdownAverage peak-to-trough decline | -42.36% | -21.16% | -21.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.16% | 3.41% | +31.75% |
Volatility
BTC-USD vs. IDHQ - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.97% compared to Invesco S&P International Developed High Quality ETF (IDHQ) at 9.75%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than IDHQ 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 | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 9.75% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 34.64% | 18.25% | +16.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.59% | 20.20% | +15.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.57% | 17.74% | +26.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.61% | 18.06% | +38.55% |
Frequently Asked Questions
BTC-USD and IDHQ have a correlation of 0.34, 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 (11.97%) compared to IDHQ (9.75%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs IDHQ's -73.84%.
IDHQ currently has the higher Sharpe Ratio (1.46 vs -0.92), 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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