BTC-USD vs. ONEQ

In the year-to-date period, BTC-USD achieves a 10.21% return, which is significantly higher than ONEQ's -7.10% return. Over the past 10 years, BTC-USD has outperformed ONEQ with an annualized return of 83.65%, while ONEQ has yielded a comparatively lower 14.83% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.

The current BTC-USD Sharpe Ratio is 1.24, which is higher than the ONEQ Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of BTC-USD and ONEQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum BTC-USD drawdown since its inception was -93.07%, which is greater than ONEQ's maximum drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for BTC-USD and ONEQ. For additional features, visit the drawdowns tool.

Bitcoin (BTC-USD) has a higher volatility of 11.97% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 8.67%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.