BTC-USD vs. USSC.L

Last updated Jun 9, 2026

BTC-USD (Bitcoin) is a cryptocurrency, while USSC.L (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) is Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Over the past 10 years, BTC-USD returned 59.68%/yr vs 11.89%/yr for USSC.L. At a 0.08 correlation, their price movements are largely independent.

Performance

BTC-USD vs. USSC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin (BTC-USD) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTC-USD achieves a -28.54% return, which is significantly lower than USSC.L's 13.11% return. Over the past 10 years, BTC-USD has outperformed USSC.L with an annualized return of 59.68%, while USSC.L has yielded a comparatively lower 11.89% annualized return.

BTC-USD

• 1D: -1.22%
• 1M: -22.47%
• YTD: -28.54%
• 6M: -31.02%
• 1Y: -40.89%
• 3Y*: 33.16%
• 5Y*: 10.82%
• 10Y*: 59.68%

USSC.L

• 1D: 0.14%
• 1M: 0.83%
• YTD: 13.11%
• 6M: 13.79%
• 1Y: 34.93%
• 3Y*: 18.16%
• 5Y*: 9.15%
• 10Y*: 11.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTC-USD vs. USSC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTC-USD Bitcoin	-28.54%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF	13.11%	14.72%	8.33%	23.18%	-10.14%	35.22%	8.76%	23.17%	-15.30%	9.80%

Correlation

The correlation between BTC-USD and USSC.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015	0.08

The correlation between BTC-USD and USSC.L shifts across timeframes, from 0.08 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BTC-USD vs. USSC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTC-USD

BTC-USD Risk / Return Rank: 28
BTC-USD Sharpe Ratio Rank: 12
BTC-USD Sortino Ratio Rank: 33
BTC-USD Omega Ratio Rank: 33
BTC-USD Calmar Ratio Rank: 46
BTC-USD Martin Ratio Rank: 16

USSC.L

USSC.L Risk / Return Rank: 77
USSC.L Sharpe Ratio Rank: 75
USSC.L Sortino Ratio Rank: 80
USSC.L Omega Ratio Rank: 69
USSC.L Calmar Ratio Rank: 85
USSC.L Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTC-USD vs. USSC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L). 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	USSC.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	2.18	-3.13
Sortino ratio: Return per unit of downside risk	-1.35	3.19	-4.55
Omega ratio: Gain probability vs. loss probability	0.86	1.37	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.80	4.28	-5.08
Martin ratio: Return relative to average drawdown	-1.42	13.71	-15.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTC-USD vs. USSC.L - Sharpe Ratio Comparison

The current BTC-USD Sharpe Ratio is -0.95, which is lower than the USSC.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of BTC-USD and USSC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTC-USD	USSC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	2.18	-3.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.42	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.52	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.45	+0.68

Drawdowns

BTC-USD vs. USSC.L - Drawdown Comparison

The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than USSC.L's maximum drawdown of -48.99%. Use the drawdown chart below to compare losses from any high point for BTC-USD and USSC.L.

Drawdown Indicators

	BTC-USD	USSC.L	Difference
Max Drawdown Largest peak-to-trough decline	-85.30%	-48.99%	-36.31%
Max Drawdown (1Y) Largest decline over 1 year	-51.21%	-8.12%	-43.09%
Max Drawdown (3Y) Largest decline over 3 years	-51.21%	-27.47%	-23.74%
Max Drawdown (5Y) Largest decline over 5 years	-76.67%	-27.47%	-49.20%
Max Drawdown (10Y) Largest decline over 10 years	-83.80%	-48.99%	-34.81%
Current Drawdown Current decline from peak	-49.86%	-0.56%	-49.30%
Average Drawdown Average peak-to-trough decline	-42.32%	-7.68%	-34.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.46%	2.54%	+31.92%

Volatility

BTC-USD vs. USSC.L - Volatility Comparison

Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) at 3.91%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than USSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTC-USD	USSC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.59%	3.91%	+7.68%
Volatility (6M) Calculated over the trailing 6-month period	34.53%	10.07%	+24.46%
Volatility (1Y) Calculated over the trailing 1-year period	35.67%	15.98%	+19.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.95%	21.61%	+23.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.71%	22.79%	+33.92%

Frequently Asked Questions

Can I hold both BTC-USD and USSC.L in my portfolio?

BTC-USD and USSC.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.