BTC-USD vs. NET
BTC-USD (Bitcoin) is a cryptocurrency, while NET (Cloudflare, Inc.) is a stock. Over the past 5 years, BTC-USD returned 13.47%/yr vs 20.41%/yr for NET. At a 0.23 correlation, their price movements are largely independent.
Performance
BTC-USD vs. NET - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTC-USD achieves a -27.93% return, which is significantly lower than NET's 39.89% return.
BTC-USD
- 1D
- 1.32%
- 1M
- 2.22%
- 6M
- -30.73%
- YTD
- -27.93%
- 1Y
- -43.34%
- 3Y*
- 27.51%
- 5Y*
- 13.47%
- 10Y*
- 57.99%
NET
- 1D
- 0.88%
- 1M
- 16.80%
- 6M
- 47.52%
- YTD
- 39.89%
- 1Y
- 42.54%
- 3Y*
- 61.50%
- 5Y*
- 20.41%
- 10Y*
- —
BTC-USD vs. NET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.93% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | -31.26% |
NET Cloudflare, Inc. | 39.89% | 83.09% | 29.33% | 84.16% | -65.62% | 73.05% | 345.43% | -5.22% |
Correlation
The correlation between BTC-USD and NET is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTC-USD vs. NET — Risk / Return Rank
BTC-USD
NET
BTC-USD vs. NET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Cloudflare, Inc. (NET). 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 | NET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.17 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.16 | -1.98 |
| Martin ratioReturn relative to average drawdown | -1.34 | 2.45 | -3.79 |
Loading charts...
Drawdowns
BTC-USD vs. NET - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum NET drawdown of -82.58%. Use the drawdown chart below to compare losses from any high point for BTC-USD and NET.
Loading charts...
Drawdown Indicators
| BTC-USD | NET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -82.58% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -36.76% | -16.32% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -45.00% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -82.58% | +5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.44% | 0.00% | -49.44% |
Average DrawdownAverage peak-to-trough decline | -42.53% | -37.26% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.20% | 17.42% | +13.78% |
Volatility
BTC-USD vs. NET - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 9.25%, while Cloudflare, Inc. (NET) has a volatility of 15.40%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than NET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTC-USD | NET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.25% | 15.40% | -6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 34.87% | 54.76% | -19.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.75% | 60.54% | -24.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.96% | 68.68% | -24.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.32% | 67.59% | -11.27% |
Frequently Asked Questions
BTC-USD and NET have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NET has higher volatility (15.40%) compared to BTC-USD (9.25%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs NET's -82.58%.
NET currently has the higher Sharpe Ratio (0.71 vs -1.01), 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.
Find the right allocation for BTC-USD and NET
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer