BTC-USD vs. NOW
BTC-USD (Bitcoin) is a cryptocurrency, while NOW (ServiceNow, Inc) is a stock. Over the past 10 years, BTC-USD returned 59.68%/yr vs 22.66%/yr for NOW. At a 0.09 correlation, their price movements are largely independent.
Performance
BTC-USD vs. NOW - 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 NOW's -25.46% return. Over the past 10 years, BTC-USD has outperformed NOW with an annualized return of 59.68%, while NOW has yielded a comparatively lower 22.66% 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%
NOW
- 1D
- 1.55%
- 1M
- 25.24%
- YTD
- -25.46%
- 6M
- -33.11%
- 1Y
- -44.58%
- 3Y*
- 2.25%
- 5Y*
- 4.20%
- 10Y*
- 22.66%
BTC-USD vs. NOW - 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% |
NOW ServiceNow, Inc | -25.46% | -27.75% | 50.05% | 81.96% | -40.18% | 17.93% | 94.97% | 58.56% | 36.55% | 75.40% |
Correlation
The correlation between BTC-USD and NOW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.09 |
The correlation between BTC-USD and NOW shifts across timeframes, from 0.09 (all time) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. NOW — Risk / Return Rank
BTC-USD
NOW
BTC-USD vs. NOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and ServiceNow, Inc (NOW). 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 | NOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.84 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.74 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.33 | -0.08 |
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 | NOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | -0.90 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.10 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.56 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.61 | +0.52 |
Drawdowns
BTC-USD vs. NOW - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than NOW's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for BTC-USD and NOW.
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Drawdown Indicators
| BTC-USD | NOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -64.54% | -20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -60.28% | +9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -64.54% | +13.33% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -64.54% | -12.13% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -64.54% | -19.26% |
Current DrawdownCurrent decline from peak | -49.86% | -51.22% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -13.74% | -28.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 33.44% | +1.02% |
Volatility
BTC-USD vs. NOW - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 11.59%, while ServiceNow, Inc (NOW) has a volatility of 24.74%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than NOW 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 | NOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 24.74% | -13.15% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 46.58% | -12.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 49.79% | -14.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 43.41% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 40.82% | +15.89% |
Frequently Asked Questions
BTC-USD and NOW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOW has higher volatility (24.74%) compared to BTC-USD (11.59%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs NOW's -64.54%.
NOW currently has the higher Sharpe Ratio (-0.90 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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