BTC-USD vs. VEXAX

Last updated Jun 9, 2026

BTC-USD (Bitcoin) is a cryptocurrency, while VEXAX (Vanguard Extended Market Index Fund Admiral Shares) is Mid Cap Blend Equities fund managed by Vanguard. Over the past 10 years, BTC-USD returned 59.68%/yr vs 11.69%/yr for VEXAX. At a 0.15 correlation, their price movements are largely independent.

Performance

BTC-USD vs. VEXAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin (BTC-USD) and Vanguard Extended Market Index Fund Admiral Shares (VEXAX). 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 VEXAX's 11.26% return. Over the past 10 years, BTC-USD has outperformed VEXAX with an annualized return of 59.68%, while VEXAX has yielded a comparatively lower 11.69% 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%

VEXAX

• 1D: -3.30%
• 1M: 1.02%
• YTD: 11.26%
• 6M: 9.73%
• 1Y: 24.34%
• 3Y*: 18.43%
• 5Y*: 6.07%
• 10Y*: 11.69%

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

BTC-USD vs. VEXAX - 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%
VEXAX Vanguard Extended Market Index Fund Admiral Shares	11.26%	11.42%	15.47%	26.95%	-26.46%	12.45%	32.22%	28.03%	-9.37%	18.11%

Correlation

The correlation between BTC-USD and VEXAX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012	0.15

Over the past year, BTC-USD and VEXAX have become more correlated (0.42) than their long-term average of 0.15, meaning their price movements have been converging.

Return for Risk

BTC-USD vs. VEXAX — 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

VEXAX

VEXAX Risk / Return Rank: 35
VEXAX Sharpe Ratio Rank: 30
VEXAX Sortino Ratio Rank: 28
VEXAX Omega Ratio Rank: 27
VEXAX Calmar Ratio Rank: 48
VEXAX Martin Ratio Rank: 44

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. VEXAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Vanguard Extended Market Index Fund Admiral Shares (VEXAX). 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	VEXAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	1.49	-2.44
Sortino ratio: Return per unit of downside risk	-1.35	2.10	-3.45
Omega ratio: Gain probability vs. loss probability	0.86	1.26	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.80	2.54	-3.34
Martin ratio: Return relative to average drawdown	-1.42	8.96	-10.37
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. VEXAX - Sharpe Ratio Comparison

The current BTC-USD Sharpe Ratio is -0.95, which is lower than the VEXAX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of BTC-USD and VEXAX, 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	VEXAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	1.49	-2.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.27	-0.07
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	0.37	+0.76

Drawdowns

BTC-USD vs. VEXAX - Drawdown Comparison

The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than VEXAX's maximum drawdown of -58.08%. Use the drawdown chart below to compare losses from any high point for BTC-USD and VEXAX.

Drawdown Indicators

	BTC-USD	VEXAX	Difference
Max Drawdown Largest peak-to-trough decline	-85.30%	-58.08%	-27.22%
Max Drawdown (1Y) Largest decline over 1 year	-51.21%	-10.25%	-40.96%
Max Drawdown (3Y) Largest decline over 3 years	-51.21%	-26.84%	-24.37%
Max Drawdown (5Y) Largest decline over 5 years	-76.67%	-36.33%	-40.34%
Max Drawdown (10Y) Largest decline over 10 years	-83.80%	-41.62%	-42.18%
Current Drawdown Current decline from peak	-49.86%	-3.30%	-46.56%
Average Drawdown Average peak-to-trough decline	-42.32%	-12.18%	-30.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.46%	2.90%	+31.56%

Volatility

BTC-USD vs. VEXAX - Volatility Comparison

Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to Vanguard Extended Market Index Fund Admiral Shares (VEXAX) at 5.84%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than VEXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTC-USD	VEXAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.59%	5.84%	+5.75%
Volatility (6M) Calculated over the trailing 6-month period	34.53%	12.93%	+21.60%
Volatility (1Y) Calculated over the trailing 1-year period	35.67%	17.53%	+18.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.95%	22.39%	+22.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.71%	22.38%	+34.33%

Frequently Asked Questions

Can I hold both BTC-USD and VEXAX in my portfolio?

BTC-USD and VEXAX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTC-USD or VEXAX?

BTC-USD has higher volatility (11.59%) compared to VEXAX (5.84%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs VEXAX's -58.08%.

Which has better risk-adjusted returns?

VEXAX currently has the higher Sharpe Ratio (1.49 vs -0.95), 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.