BTC-USD vs. OEF
BTC-USD (Bitcoin) is a cryptocurrency, while OEF (iShares S&P 100 ETF) is Large Cap Blend Equities fund tracking the S&P 100 Index. Over the past 10 years, BTC-USD returned 56.48%/yr vs 16.78%/yr for OEF. At a 0.12 correlation, their price movements are largely independent.
Performance
BTC-USD vs. OEF - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -24.33% return, which is significantly lower than OEF's 8.71% return. Over the past 10 years, BTC-USD has outperformed OEF with an annualized return of 56.48%, while OEF has yielded a comparatively lower 16.78% annualized return.
BTC-USD
- 1D
- 0.77%
- 1M
- -15.23%
- YTD
- -24.33%
- 6M
- -23.38%
- 1Y
- -37.30%
- 3Y*
- 35.99%
- 5Y*
- 11.54%
- 10Y*
- 56.48%
OEF
- 1D
- 2.03%
- 1M
- 0.66%
- YTD
- 8.71%
- 6M
- 9.60%
- 1Y
- 28.24%
- 3Y*
- 23.02%
- 5Y*
- 15.42%
- 10Y*
- 16.78%
BTC-USD vs. OEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -24.33% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
OEF iShares S&P 100 ETF | 8.71% | 19.80% | 30.74% | 32.71% | -21.03% | 29.18% | 21.21% | 31.87% | -4.16% | 21.82% |
Correlation
The correlation between BTC-USD and OEF 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 | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2012 | 0.12 |
Over the past year, BTC-USD and OEF have become more correlated (0.35) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. OEF — Risk / Return Rank
BTC-USD
OEF
BTC-USD vs. OEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares S&P 100 ETF (OEF). 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 | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.04 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.39 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 2.57 | -3.29 |
| Martin ratioReturn relative to average drawdown | -1.26 | 10.52 | -11.78 |
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Drawdowns
BTC-USD vs. OEF - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than OEF's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for BTC-USD and OEF.
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Drawdown Indicators
| BTC-USD | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -54.11% | -31.19% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -11.06% | -40.15% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -19.80% | -31.41% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -26.47% | -50.20% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -31.44% | -52.36% |
Current DrawdownCurrent decline from peak | -46.91% | -1.67% | -45.24% |
Average DrawdownAverage peak-to-trough decline | -42.38% | -11.74% | -30.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.75% | 2.69% | +32.06% |
Volatility
BTC-USD vs. OEF - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.14% compared to iShares S&P 100 ETF (OEF) at 4.96%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than OEF 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 | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.14% | 4.96% | +7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 10.42% | +24.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 13.29% | +22.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.55% | 17.79% | +26.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.55% | 18.49% | +38.06% |
Frequently Asked Questions
BTC-USD and OEF 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.
BTC-USD has higher volatility (12.14%) compared to OEF (4.96%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs OEF's -54.11%.
OEF currently has the higher Sharpe Ratio (2.14 vs -0.87), 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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