BTC-USD vs. VGK
BTC-USD (Bitcoin) is a cryptocurrency, while VGK (Vanguard FTSE Europe ETF) is Europe Equities fund tracking the FTSE Developed Europe All Cap Index. Over the past 10 years, BTC-USD returned 59.68%/yr vs 9.63%/yr for VGK. At a 0.11 correlation, their price movements are largely independent.
Performance
BTC-USD vs. VGK - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -28.54% return, which is significantly lower than VGK's 5.17% return. Over the past 10 years, BTC-USD has outperformed VGK with an annualized return of 59.68%, while VGK has yielded a comparatively lower 9.63% 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%
VGK
- 1D
- 0.45%
- 1M
- -0.68%
- YTD
- 5.17%
- 6M
- 8.47%
- 1Y
- 16.29%
- 3Y*
- 16.24%
- 5Y*
- 8.08%
- 10Y*
- 9.63%
BTC-USD vs. VGK - 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% |
VGK Vanguard FTSE Europe ETF | 5.17% | 35.83% | 1.88% | 20.19% | -15.98% | 16.89% | 5.43% | 24.85% | -14.89% | 26.98% |
Correlation
The correlation between BTC-USD and VGK is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.11 |
Over the past year, BTC-USD and VGK have become more correlated (0.33) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. VGK — Risk / Return Rank
BTC-USD
VGK
BTC-USD vs. VGK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Vanguard FTSE Europe ETF (VGK). 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 | VGK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.19 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.35 | -2.15 |
| Martin ratioReturn relative to average drawdown | -1.42 | 5.01 | -6.43 |
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 | VGK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 1.05 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.45 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.51 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.28 | +0.86 |
Drawdowns
BTC-USD vs. VGK - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than VGK's maximum drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for BTC-USD and VGK.
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Drawdown Indicators
| BTC-USD | VGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -63.61% | -21.69% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -12.09% | -39.12% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -14.31% | -36.90% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -32.74% | -43.93% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -37.24% | -46.56% |
Current DrawdownCurrent decline from peak | -49.86% | -2.83% | -47.03% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -13.34% | -28.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 3.26% | +31.20% |
Volatility
BTC-USD vs. VGK - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to Vanguard FTSE Europe ETF (VGK) at 4.86%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than VGK 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 | VGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 4.86% | +6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 12.97% | +21.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 15.57% | +20.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 17.92% | +27.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 18.97% | +37.74% |
Frequently Asked Questions
BTC-USD and VGK have a correlation of 0.33, 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 (11.59%) compared to VGK (4.86%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs VGK's -63.61%.
VGK currently has the higher Sharpe Ratio (1.05 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.
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