BTC-USD vs. USFR
BTC-USD (Bitcoin) is a cryptocurrency, while USFR (WisdomTree Floating Rate Treasury Fund) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Over the past 10 years, BTC-USD returned 58.50%/yr vs 2.50%/yr for USFR. At a correlation of -0.01, they often move in opposite directions.
Performance
BTC-USD vs. USFR - 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 lower than USFR's 2.13% return. Over the past 10 years, BTC-USD has outperformed USFR with an annualized return of 58.50%, while USFR has yielded a comparatively lower 2.50% 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%
USFR
- 1D
- 0.02%
- 1M
- 0.34%
- 6M
- 1.92%
- YTD
- 2.13%
- 1Y
- 3.98%
- 3Y*
- 4.70%
- 5Y*
- 3.78%
- 10Y*
- 2.50%
- ALL TIME*
- 1.97%
BTC-USD vs. USFR - 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% |
USFR WisdomTree Floating Rate Treasury Fund | 2.13% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between BTC-USD and USFR is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.01 |
The correlation between BTC-USD and USFR shifts across timeframes, from -0.13 (1 year) to -0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. USFR — Risk / Return Rank
BTC-USD
USFR
BTC-USD vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.86 | ||
| Sortino ratioReturn per unit of downside risk | -53.17 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 14.08 | -13.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 200.62 | -201.45 |
| Martin ratioReturn relative to average drawdown | -1.32 | 801.26 | -802.58 |
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Drawdowns
BTC-USD vs. USFR - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for BTC-USD and USFR.
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Drawdown Indicators
| BTC-USD | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -1.36% | -83.94% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -0.02% | -53.06% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -0.06% | -53.02% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -0.18% | -76.49% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -0.80% | -83.00% |
Current DrawdownCurrent decline from peak | -47.48% | 0.00% | -47.48% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -0.15% | -42.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 0.00% | +27.88% |
Volatility
BTC-USD vs. USFR - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 9.37% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.07%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than USFR 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 | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 0.07% | +9.30% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 0.20% | +34.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 0.27% | +35.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.93% | 0.39% | +43.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 0.77% | +55.56% |
Frequently Asked Questions
BTC-USD and USFR have a correlation of -0.13, 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 (9.37%) compared to USFR (0.07%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs USFR's -1.36%.
USFR currently has the higher Sharpe Ratio (14.83 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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