BTC-USD vs. VOO

Last updated Apr 4, 2026

Compare and contrast key facts about Bitcoin (BTC-USD) and Vanguard S&P 500 ETF (VOO).

VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.

Performance

BTC-USD vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin (BTC-USD) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

BTC-USD vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTC-USD Bitcoin	-23.54%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%
VOO Vanguard S&P 500 ETF	-3.55%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Returns By Period

In the year-to-date period, BTC-USD achieves a -23.54% return, which is significantly lower than VOO's -3.55% return. Over the past 10 years, BTC-USD has outperformed VOO with an annualized return of 65.95%, while VOO has yielded a comparatively lower 14.19% annualized return.

BTC-USD

• 1D: 0.01%
• 1M: -7.96%
• YTD: -23.54%
• 6M: -45.31%
• 1Y: -19.57%
• 3Y*: 33.40%
• 5Y*: 2.82%
• 10Y*: 65.95%

VOO

• 1D: 0.11%
• 1M: -4.01%
• YTD: -3.55%
• 6M: -1.41%
• 1Y: 23.49%
• 3Y*: 18.47%
• 5Y*: 11.96%
• 10Y*: 14.19%

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

Return for Risk

BTC-USD vs. VOO — 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: 36
BTC-USD Sharpe Ratio Rank: 59
BTC-USD Sortino Ratio Rank: 53
BTC-USD Omega Ratio Rank: 50
BTC-USD Calmar Ratio Rank: 18
BTC-USD Martin Ratio Rank: 1

VOO

VOO Risk / Return Rank: 53
VOO Sharpe Ratio Rank: 51
VOO Sortino Ratio Rank: 54
VOO Omega Ratio Rank: 57
VOO Calmar Ratio Rank: 46
VOO Martin Ratio Rank: 57

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio Return per unit of total volatility	-0.44	0.98	-1.42
Sortino ratio Return per unit of downside risk	-0.38	1.49	-1.88
Omega ratio Gain probability vs. loss probability	0.96	1.23	-0.27
Calmar ratio Return relative to maximum drawdown	-1.12	1.53	-2.65
Martin ratio Return relative to average drawdown	-2.00	7.13	-9.13
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. VOO - Sharpe Ratio Comparison

The current BTC-USD Sharpe Ratio is -0.44, which is lower than the VOO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of BTC-USD and VOO, 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	0.98	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.71	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	0.79	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.83	+0.35

Correlation

The correlation between BTC-USD and VOO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

BTC-USD vs. VOO - Drawdown Comparison

The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BTC-USD and VOO.

Drawdown Indicators

	BTC-USD	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-85.30%	-33.99%	-51.31%
Max Drawdown (1Y) Largest decline over 1 year	-49.65%	-8.90%	-40.75%
Max Drawdown (5Y) Largest decline over 5 years	-76.67%	-24.52%	-52.15%
Max Drawdown (10Y) Largest decline over 10 years	-83.80%	-33.99%	-49.81%
Current Drawdown Current decline from peak	-46.36%	-5.44%	-40.92%
Average Drawdown Average peak-to-trough decline	-42.00%	-3.72%	-38.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.91%	2.57%	+25.34%

Volatility

BTC-USD vs. VOO - Volatility Comparison

Bitcoin (BTC-USD) has a higher volatility of 12.05% compared to Vanguard S&P 500 ETF (VOO) at 5.27%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTC-USD	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	5.27%	+6.78%
Volatility (6M) Calculated over the trailing 6-month period	35.91%	9.46%	+26.45%
Volatility (1Y) Calculated over the trailing 1-year period	36.60%	18.11%	+18.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.89%	16.81%	+30.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.71%	17.98%	+38.73%