BTC-USD vs. MBB
BTC-USD (Bitcoin) is a cryptocurrency, while MBB (iShares MBS Bond ETF) is Mortgage Backed Securities fund tracking the Barclays Capital U.S. MBS Index. Over the past 10 years, BTC-USD returned 59.68%/yr vs 1.24%/yr for MBB. At a 0.03 correlation, their price movements are largely independent.
Performance
BTC-USD vs. MBB - 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 MBB's 0.14% return. Over the past 10 years, BTC-USD has outperformed MBB with an annualized return of 59.68%, while MBB has yielded a comparatively lower 1.24% 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%
MBB
- 1D
- -0.04%
- 1M
- -0.93%
- YTD
- 0.14%
- 6M
- 0.83%
- 1Y
- 6.55%
- 3Y*
- 4.19%
- 5Y*
- 0.24%
- 10Y*
- 1.24%
BTC-USD vs. MBB - 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% |
MBB iShares MBS Bond ETF | 0.14% | 8.38% | 1.31% | 5.01% | -11.74% | -1.43% | 4.08% | 6.18% | 0.82% | 2.49% |
Correlation
The correlation between BTC-USD and MBB is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.03 |
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Return for Risk
BTC-USD vs. MBB — Risk / Return Rank
BTC-USD
MBB
BTC-USD vs. MBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares MBS Bond ETF (MBB). 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 | MBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.52 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.27 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.23 | -3.03 |
| Martin ratioReturn relative to average drawdown | -1.42 | 7.26 | -8.68 |
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 | MBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 1.48 | -2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.04 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.24 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.58 | +0.55 |
Drawdowns
BTC-USD vs. MBB - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than MBB's maximum drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for BTC-USD and MBB.
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Drawdown Indicators
| BTC-USD | MBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -17.64% | -67.66% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -2.94% | -48.27% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -7.68% | -43.53% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -17.19% | -59.48% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -17.64% | -66.16% |
Current DrawdownCurrent decline from peak | -49.86% | -1.95% | -47.91% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -2.35% | -39.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 0.90% | +33.56% |
Volatility
BTC-USD vs. MBB - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to iShares MBS Bond ETF (MBB) at 1.56%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than MBB 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 | MBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 1.56% | +10.03% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 3.25% | +31.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 4.45% | +31.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 6.82% | +38.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 5.31% | +51.40% |
Frequently Asked Questions
BTC-USD and MBB have a correlation of 0.12, 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 MBB (1.56%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs MBB's -17.64%.
MBB currently has the higher Sharpe Ratio (1.48 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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