BTC-USD vs. SHIB-USD
BTC-USD (Bitcoin) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, BTC-USD returned 10.27%/yr vs -7.04%/yr for SHIB-USD. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
BTC-USD vs. SHIB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.32% return, which is significantly higher than SHIB-USD's -29.46% return.
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
SHIB-USD
- 1D
- 1.04%
- 1M
- -22.61%
- YTD
- -29.46%
- 6M
- -41.23%
- 1Y
- -60.23%
- 3Y*
- -10.59%
- 5Y*
- -7.04%
- 10Y*
- —
BTC-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between BTC-USD and SHIB-USD is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.68 |
The correlation between BTC-USD and SHIB-USD has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
BTC-USD vs. SHIB-USD — Risk / Return Rank
BTC-USD
SHIB-USD
BTC-USD vs. SHIB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Shiba Inu (SHIB-USD). 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 | SHIB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.86 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.85 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.32 | -0.04 |
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Drawdowns
BTC-USD vs. SHIB-USD - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, smaller than the maximum SHIB-USD drawdown of -94.38%. Use the drawdown chart below to compare losses from any high point for BTC-USD and SHIB-USD.
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Drawdown Indicators
| BTC-USD | SHIB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -94.38% | +9.08% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -70.62% | +19.41% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -87.33% | +36.12% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -94.38% | +17.71% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.01% | -94.01% | +45.00% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -80.13% | +37.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 45.21% | -10.19% |
Volatility
BTC-USD vs. SHIB-USD - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 12.11%, while Shiba Inu (SHIB-USD) has a volatility of 14.76%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than SHIB-USD 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 | SHIB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 14.76% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 45.97% | -11.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 55.77% | -20.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 95.44% | -50.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 208.85% | -152.23% |
Frequently Asked Questions
BTC-USD and SHIB-USD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIB-USD has higher volatility (14.76%) compared to BTC-USD (12.11%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs SHIB-USD's -94.38%.
SHIB-USD currently has the higher Sharpe Ratio (-0.90 vs -0.93), 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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