BTC-USD vs. SHIB-USD
BTC-USD (Bitcoin) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, BTC-USD returned 15.31%/yr vs -9.50%/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 -25.13% return, which is significantly higher than SHIB-USD's -38.32% 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%
SHIB-USD
- 1D
- 2.66%
- 1M
- -10.34%
- 6M
- -47.72%
- YTD
- -38.32%
- 1Y
- -72.62%
- 3Y*
- -18.46%
- 5Y*
- -9.50%
- 10Y*
- —
- ALL TIME*
- 31.67%
BTC-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between BTC-USD and SHIB-USD is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
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 0.76 - 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 | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.79 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.99 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.42 | +0.10 |
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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 -94.93%. 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% | -94.93% | +9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -73.47% | +20.39% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -88.58% | +35.50% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -94.93% | +18.26% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -47.48% | -94.76% | +47.28% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -80.41% | +37.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 36.47% | -8.59% |
Volatility
BTC-USD vs. SHIB-USD - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 9.37%, while Shiba Inu (SHIB-USD) has a volatility of 10.00%. 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 | 9.37% | 10.00% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 40.98% | -6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 54.12% | -18.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.93% | 93.23% | -49.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 206.83% | -150.50% |
Frequently Asked Questions
BTC-USD and SHIB-USD have a correlation of 0.76, 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 (10.00%) compared to BTC-USD (9.37%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs SHIB-USD's -94.93%.
BTC-USD currently has the higher Sharpe Ratio (-1.03 vs -1.12), 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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