BTC-USD vs. SPYM
BTC-USD (Bitcoin) is a cryptocurrency, while SPYM (State Street SPDR Portfolio S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BTC-USD returned 58.73%/yr vs 15.36%/yr for SPYM. At a 0.13 correlation, their price movements are largely independent.
Performance
BTC-USD vs. SPYM - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -29.30% return, which is significantly lower than SPYM's 8.42% return. Over the past 10 years, BTC-USD has outperformed SPYM with an annualized return of 58.73%, while SPYM has yielded a comparatively lower 15.36% annualized return.
BTC-USD
- 1D
- -1.90%
- 1M
- -24.74%
- YTD
- -29.30%
- 6M
- -33.26%
- 1Y
- -43.91%
- 3Y*
- 33.75%
- 5Y*
- 11.01%
- 10Y*
- 58.73%
SPYM
- 1D
- -0.30%
- 1M
- -0.07%
- YTD
- 8.42%
- 6M
- 8.55%
- 1Y
- 24.43%
- 3Y*
- 21.34%
- 5Y*
- 13.32%
- 10Y*
- 15.36%
BTC-USD vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -29.30% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 8.42% | 17.79% | 25.00% | 26.24% | -18.09% | 28.78% | 18.49% | 31.99% | -4.78% | 21.30% |
Correlation
The correlation between BTC-USD and SPYM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.13 |
Over the past year, BTC-USD and SPYM have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. SPYM — Risk / Return Rank
BTC-USD
SPYM
BTC-USD vs. SPYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.
| BTC-USD | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.37 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.76 | -3.61 |
| Martin ratioReturn relative to average drawdown | -1.52 | 12.66 | -14.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTC-USD | SPYM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | 2.04 | -3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.80 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.86 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.61 | +0.52 |
Drawdowns
BTC-USD vs. SPYM - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than SPYM's maximum drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for BTC-USD and SPYM.
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Drawdown Indicators
| BTC-USD | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -54.46% | -30.84% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -8.90% | -42.31% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -18.72% | -32.49% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -24.48% | -52.19% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -33.87% | -49.93% |
Current DrawdownCurrent decline from peak | -50.40% | -2.95% | -47.45% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -7.15% | -35.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.60% | 1.93% | +32.67% |
Volatility
BTC-USD vs. SPYM - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.29% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 3.64%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than SPYM 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 | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.29% | 3.64% | +7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 34.48% | 9.31% | +25.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.69% | 12.05% | +23.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.74% | 16.84% | +27.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 18.02% | +38.69% |
Frequently Asked Questions
BTC-USD and SPYM have a correlation of 0.38, 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 (11.29%) compared to SPYM (3.64%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs SPYM's -54.46%.
SPYM currently has the higher Sharpe Ratio (2.04 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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