BTC-USD vs. MP
BTC-USD (Bitcoin) is a cryptocurrency, while MP (MP Materials Corp.) is a stock. Over the past 5 years, BTC-USD returned 15.31%/yr vs 5.66%/yr for MP. At a 0.20 correlation, their price movements are largely independent.
Performance
BTC-USD vs. MP - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -25.13% return, which is significantly lower than MP's -9.54% return.
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
MP
- 1D
- 1.02%
- 1M
- -24.93%
- 6M
- -33.75%
- YTD
- -9.54%
- 1Y
- -27.71%
- 3Y*
- 24.45%
- 5Y*
- 5.66%
- 10Y*
- —
- ALL TIME*
- 28.63%
BTC-USD vs. MP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 212.19% |
MP MP Materials Corp. | -9.54% | 223.85% | -21.41% | -18.25% | -46.54% | 41.19% | 224.95% |
Correlation
The correlation between BTC-USD and MP is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2020 | 0.20 |
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Return for Risk
BTC-USD vs. MP — Risk / Return Rank
BTC-USD
MP
BTC-USD vs. MP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and MP Materials Corp. (MP). 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 | MP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.99 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.51 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.32 | -0.79 | -0.53 |
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Drawdowns
BTC-USD vs. MP - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum MP drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for BTC-USD and MP.
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Drawdown Indicators
| BTC-USD | MP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -81.99% | -3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -54.14% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -56.56% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -81.99% | +5.32% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -47.48% | -53.67% | +6.19% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -42.64% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 35.01% | -7.13% |
Volatility
BTC-USD vs. MP - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 9.37%, while MP Materials Corp. (MP) has a volatility of 14.00%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than MP 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 | MP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 14.00% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 50.56% | -15.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 73.76% | -38.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.93% | 69.73% | -25.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 72.40% | -16.07% |
Frequently Asked Questions
BTC-USD and MP have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MP has higher volatility (14.00%) compared to BTC-USD (9.37%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs MP's -81.99%.
MP currently has the higher Sharpe Ratio (-0.38 vs -1.03), 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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