BTC-USD vs. SGOV
BTC-USD (Bitcoin) is a cryptocurrency, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, BTC-USD returned 15.31%/yr vs 3.63%/yr for SGOV. At a correlation of -0.03, they often move in opposite directions.
Performance
BTC-USD vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -25.13% return, which is significantly lower than SGOV's 1.99% return.
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- 6M
- 1.80%
- YTD
- 1.99%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.63%
- 10Y*
- —
- ALL TIME*
- 2.96%
BTC-USD vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 214.82% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.99% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between BTC-USD and SGOV is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.03 |
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Return for Risk
BTC-USD vs. SGOV — Risk / Return Rank
BTC-USD
SGOV
BTC-USD vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.86 | ||
| Sortino ratioReturn per unit of downside risk | -384.33 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 383.06 | -382.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 390.94 | -391.77 |
| Martin ratioReturn relative to average drawdown | -1.32 | 6,193.70 | -6,195.02 |
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Drawdowns
BTC-USD vs. SGOV - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BTC-USD and SGOV.
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Drawdown Indicators
| BTC-USD | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -0.03% | -85.27% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -0.01% | -53.07% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -0.01% | -53.07% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -0.03% | -76.64% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -47.48% | 0.00% | -47.48% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -0.00% | -42.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 0.00% | +27.88% |
Volatility
BTC-USD vs. SGOV - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 9.37% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than SGOV 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 | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 0.05% | +9.32% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 0.13% | +34.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 0.19% | +35.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.93% | 0.24% | +43.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 0.24% | +56.09% |
Frequently Asked Questions
BTC-USD and SGOV have a correlation of -0.08, 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 (9.37%) compared to SGOV (0.05%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.84 vs -1.03), 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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