BTC-USD vs. SNOW
BTC-USD (Bitcoin) is a cryptocurrency, while SNOW (Snowflake Inc.) is a stock. Over the past 5 years, BTC-USD returned 13.47%/yr vs -0.15%/yr for SNOW. At a 0.20 correlation, their price movements are largely independent.
Performance
BTC-USD vs. SNOW - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.93% return, which is significantly lower than SNOW's 21.94% return.
BTC-USD
- 1D
- 1.32%
- 1M
- 2.22%
- 6M
- -30.73%
- YTD
- -27.93%
- 1Y
- -43.34%
- 3Y*
- 27.51%
- 5Y*
- 13.47%
- 10Y*
- 57.99%
SNOW
- 1D
- 2.37%
- 1M
- 11.61%
- 6M
- 19.53%
- YTD
- 21.94%
- 1Y
- 20.55%
- 3Y*
- 16.39%
- 5Y*
- -0.15%
- 10Y*
- —
BTC-USD vs. SNOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.93% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 168.83% |
SNOW Snowflake Inc. | 21.94% | 42.06% | -22.41% | 38.64% | -57.63% | 20.38% | 14.86% |
Correlation
The correlation between BTC-USD and SNOW is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.20 |
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Return for Risk
BTC-USD vs. SNOW — Risk / Return Rank
BTC-USD
SNOW
BTC-USD vs. SNOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Snowflake Inc. (SNOW). 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 | SNOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.13 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 0.37 | -1.18 |
| Martin ratioReturn relative to average drawdown | -1.34 | 0.79 | -2.13 |
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Drawdowns
BTC-USD vs. SNOW - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than SNOW's maximum drawdown of -72.99%. Use the drawdown chart below to compare losses from any high point for BTC-USD and SNOW.
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Drawdown Indicators
| BTC-USD | SNOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -72.99% | -12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -56.30% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -56.30% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -72.99% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.44% | -33.44% | -16.00% |
Average DrawdownAverage peak-to-trough decline | -42.53% | -48.90% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.20% | 26.11% | +5.09% |
Volatility
BTC-USD vs. SNOW - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 9.25%, while Snowflake Inc. (SNOW) has a volatility of 11.89%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than SNOW 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 | SNOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.25% | 11.89% | -2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 34.87% | 53.25% | -18.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.75% | 66.02% | -30.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.96% | 61.99% | -18.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.32% | 62.50% | -6.18% |
Frequently Asked Questions
BTC-USD and SNOW have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNOW has higher volatility (11.89%) compared to BTC-USD (9.25%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs SNOW's -72.99%.
SNOW currently has the higher Sharpe Ratio (0.31 vs -1.01), 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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