BTC-USD vs. IOO
BTC-USD (Bitcoin) is a cryptocurrency, while IOO (iShares Global 100 ETF) is Global Equities fund tracking the S&P Global 100 Index (Net). Over the past 10 years, BTC-USD returned 56.48%/yr vs 16.76%/yr for IOO. At a 0.12 correlation, their price movements are largely independent.
Performance
BTC-USD vs. IOO - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -24.33% return, which is significantly lower than IOO's 10.84% return. Over the past 10 years, BTC-USD has outperformed IOO with an annualized return of 56.48%, while IOO has yielded a comparatively lower 16.76% annualized return.
BTC-USD
- 1D
- 0.77%
- 1M
- -15.23%
- YTD
- -24.33%
- 6M
- -23.38%
- 1Y
- -37.30%
- 3Y*
- 35.99%
- 5Y*
- 11.54%
- 10Y*
- 56.48%
IOO
- 1D
- 1.54%
- 1M
- -0.24%
- YTD
- 10.84%
- 6M
- 12.35%
- 1Y
- 35.77%
- 3Y*
- 23.86%
- 5Y*
- 16.22%
- 10Y*
- 16.76%
BTC-USD vs. IOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -24.33% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
IOO iShares Global 100 ETF | 10.84% | 27.02% | 26.54% | 27.71% | -16.34% | 26.03% | 18.61% | 30.01% | -6.22% | 23.56% |
Correlation
The correlation between BTC-USD and IOO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2012 | 0.12 |
Over the past year, BTC-USD and IOO have become more correlated (0.38) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. IOO — Risk / Return Rank
BTC-USD
IOO
BTC-USD vs. IOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares Global 100 ETF (IOO). 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 | IOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -4.60 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.45 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 3.62 | -4.34 |
| Martin ratioReturn relative to average drawdown | -1.26 | 16.01 | -17.27 |
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Drawdowns
BTC-USD vs. IOO - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than IOO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for BTC-USD and IOO.
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Drawdown Indicators
| BTC-USD | IOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -55.85% | -29.45% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -9.94% | -41.27% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -19.19% | -32.02% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -23.52% | -53.15% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -31.43% | -52.37% |
Current DrawdownCurrent decline from peak | -46.91% | -2.57% | -44.34% |
Average DrawdownAverage peak-to-trough decline | -42.38% | -11.26% | -31.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.75% | 2.24% | +32.51% |
Volatility
BTC-USD vs. IOO - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.14% compared to iShares Global 100 ETF (IOO) at 5.00%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than IOO 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 | IOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.14% | 5.00% | +7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 11.40% | +23.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 14.10% | +21.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.55% | 17.14% | +27.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.55% | 17.81% | +38.74% |
Frequently Asked Questions
BTC-USD and IOO have a correlation of 0.38, 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 (12.14%) compared to IOO (5.00%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs IOO's -55.85%.
IOO currently has the higher Sharpe Ratio (2.55 vs -0.87), 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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