BTC-USD vs. SSG
BTC-USD (Bitcoin) is a cryptocurrency, while SSG (Proshares Ultrashort Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%). Over the past 10 years, BTC-USD returned 58.50%/yr vs -60.97%/yr for SSG. At a correlation of -0.12, they often move in opposite directions.
Performance
BTC-USD vs. SSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTC-USD achieves a -25.13% return, which is significantly higher than SSG's -54.76% return. Over the past 10 years, BTC-USD has outperformed SSG with an annualized return of 58.50%, while SSG has yielded a comparatively lower -60.97% annualized 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%
SSG
- 1D
- -1.23%
- 1M
- 22.52%
- 6M
- -50.10%
- YTD
- -54.76%
- 1Y
- -69.06%
- 3Y*
- -72.05%
- 5Y*
- -65.35%
- 10Y*
- -60.97%
- ALL TIME*
- -48.61%
BTC-USD vs. SSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
SSG Proshares Ultrashort Semiconductors | -54.76% | -70.03% | -77.59% | -78.69% | 37.90% | -67.46% | -76.50% | -63.33% | -0.79% | -51.60% |
Correlation
The correlation between BTC-USD and SSG is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2012 | -0.12 |
The correlation between BTC-USD and SSG shifts across timeframes, from -0.28 (5 years) to -0.12 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTC-USD vs. SSG — Risk / Return Rank
BTC-USD
SSG
BTC-USD vs. SSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Proshares Ultrashort Semiconductors (SSG). 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 | SSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.81 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.91 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.54 | +0.21 |
Loading charts...
Drawdowns
BTC-USD vs. SSG - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, smaller than the maximum SSG drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BTC-USD and SSG.
Loading charts...
Drawdown Indicators
| BTC-USD | SSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -100.00% | +14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -76.13% | +23.05% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -98.56% | +45.48% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -99.66% | +22.99% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -99.99% | +16.19% |
Current DrawdownCurrent decline from peak | -47.48% | -100.00% | +52.52% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -88.65% | +46.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 44.89% | -17.01% |
Volatility
BTC-USD vs. SSG - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 9.37%, while Proshares Ultrashort Semiconductors (SSG) has a volatility of 30.08%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than SSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTC-USD | SSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 30.08% | -20.71% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 59.01% | -24.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 72.46% | -36.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.93% | 79.16% | -35.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 69.96% | -13.63% |
Frequently Asked Questions
BTC-USD and SSG have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSG has higher volatility (30.08%) compared to BTC-USD (9.37%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs SSG's -100.00%.
SSG currently has the higher Sharpe Ratio (-0.96 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.
Find the right allocation for BTC-USD and SSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer