BTC-USD vs. RACE
BTC-USD (Bitcoin) is a cryptocurrency, while RACE (Ferrari N.V.) is a stock. Over the past 10 years, BTC-USD returned 56.84%/yr vs 25.54%/yr for RACE. At a 0.14 correlation, their price movements are largely independent.
Performance
BTC-USD vs. RACE - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.34% return, which is significantly lower than RACE's 1.23% return. Over the past 10 years, BTC-USD has outperformed RACE with an annualized return of 56.84%, while RACE has yielded a comparatively lower 25.54% annualized return.
BTC-USD
- 1D
- 3.47%
- 1M
- -21.00%
- YTD
- -27.34%
- 6M
- -31.30%
- 1Y
- -41.49%
- 3Y*
- 34.89%
- 5Y*
- 12.33%
- 10Y*
- 56.84%
RACE
- 1D
- 5.50%
- 1M
- 11.04%
- YTD
- 1.23%
- 6M
- 1.67%
- 1Y
- -22.45%
- 3Y*
- 8.36%
- 5Y*
- 12.91%
- 10Y*
- 25.54%
BTC-USD vs. RACE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.34% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
RACE Ferrari N.V. | 1.23% | -11.65% | 26.34% | 59.12% | -16.68% | 13.32% | 39.71% | 67.87% | -4.47% | 81.95% |
Correlation
The correlation between BTC-USD and RACE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2015 | 0.14 |
The correlation between BTC-USD and RACE shifts across timeframes, from 0.14 (all time) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. RACE — Risk / Return Rank
BTC-USD
RACE
BTC-USD vs. RACE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Ferrari N.V. (RACE). 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 | RACE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.91 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.57 | -0.24 |
| Martin ratioReturn relative to average drawdown | -1.42 | -0.90 | -0.52 |
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Drawdowns
BTC-USD vs. RACE - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than RACE's maximum drawdown of -46.67%. Use the drawdown chart below to compare losses from any high point for BTC-USD and RACE.
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Drawdown Indicators
| BTC-USD | RACE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -46.67% | -38.63% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -39.22% | -11.99% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -39.22% | -11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -39.22% | -37.45% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -39.22% | -44.58% |
Current DrawdownCurrent decline from peak | -49.02% | -27.73% | -21.29% |
Average DrawdownAverage peak-to-trough decline | -42.34% | -11.49% | -30.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.89% | 24.95% | +9.94% |
Volatility
BTC-USD vs. RACE - Volatility Comparison
Bitcoin (BTC-USD) and Ferrari N.V. (RACE) have volatilities of 12.11% and 12.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | RACE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 12.09% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 34.67% | 24.54% | +10.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.64% | 35.25% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.75% | 29.53% | +15.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.63% | 29.54% | +27.09% |
Frequently Asked Questions
BTC-USD and RACE have a correlation of 0.16, 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 (12.11%) compared to RACE (12.09%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs RACE's -46.67%.
RACE currently has the higher Sharpe Ratio (-0.64 vs -0.97), 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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