BTC-USD vs. IREN
BTC-USD (Bitcoin) is a cryptocurrency, while IREN (IREN Limited) is a stock. Over the past 3 years, BTC-USD returned 33.16%/yr vs 153.35%/yr for IREN. At a 0.38 correlation, their price movements are largely independent.
Performance
BTC-USD vs. IREN - 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 IREN's 56.71% 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%
IREN
- 1D
- 8.91%
- 1M
- -3.28%
- YTD
- 56.71%
- 6M
- 27.73%
- 1Y
- 507.08%
- 3Y*
- 153.35%
- 5Y*
- —
- 10Y*
- —
BTC-USD vs. IREN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | -23.12% |
IREN IREN Limited | 56.71% | 284.62% | 37.34% | 472.00% | -92.27% | -42.25% |
Correlation
The correlation between BTC-USD and IREN is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.38 |
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Return for Risk
BTC-USD vs. IREN — Risk / Return Rank
BTC-USD
IREN
BTC-USD vs. IREN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and IREN Limited (IREN). 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 | IREN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.95 | ||
| Sortino ratioReturn per unit of downside risk | -5.09 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.43 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 8.73 | -9.52 |
| Martin ratioReturn relative to average drawdown | -1.42 | 16.71 | -18.13 |
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 | IREN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 5.00 | -5.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.18 | +0.95 |
Drawdowns
BTC-USD vs. IREN - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, smaller than the maximum IREN drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for BTC-USD and IREN.
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Drawdown Indicators
| BTC-USD | IREN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -95.73% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -58.62% | +7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -65.56% | +14.35% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.86% | -22.54% | -27.32% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -62.69% | +20.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 30.55% | +3.91% |
Volatility
BTC-USD vs. IREN - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 11.59%, while IREN Limited (IREN) has a volatility of 33.35%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than IREN 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 | IREN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 33.35% | -21.76% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 74.76% | -40.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 102.51% | -66.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 118.50% | -73.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 118.50% | -61.79% |
Frequently Asked Questions
BTC-USD and IREN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IREN has higher volatility (33.35%) compared to BTC-USD (11.59%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs IREN's -95.73%.
IREN currently has the higher Sharpe Ratio (5.00 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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