BTC-USD vs. VWO
BTC-USD (Bitcoin) is a cryptocurrency, while VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index. Over the past 10 years, BTC-USD returned 59.68%/yr vs 8.60%/yr for VWO. At a 0.10 correlation, their price movements are largely independent.
Performance
BTC-USD vs. VWO - 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 VWO's 8.50% return. Over the past 10 years, BTC-USD has outperformed VWO with an annualized return of 59.68%, while VWO has yielded a comparatively lower 8.60% 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%
VWO
- 1D
- 0.52%
- 1M
- -3.65%
- YTD
- 8.50%
- 6M
- 9.73%
- 1Y
- 24.29%
- 3Y*
- 16.22%
- 5Y*
- 4.65%
- 10Y*
- 8.60%
BTC-USD vs. VWO - 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% |
VWO Vanguard FTSE Emerging Markets ETF | 8.50% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
Correlation
The correlation between BTC-USD and VWO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.10 |
Over the past year, BTC-USD and VWO have become more correlated (0.35) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. VWO — Risk / Return Rank
BTC-USD
VWO
BTC-USD vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Vanguard FTSE Emerging Markets ETF (VWO). 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 | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.28 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.18 | -2.98 |
| Martin ratioReturn relative to average drawdown | -1.42 | 7.79 | -9.21 |
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 | VWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 1.49 | -2.45 |
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 | 0.45 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.26 | +0.87 |
Drawdowns
BTC-USD vs. VWO - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than VWO's maximum drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for BTC-USD and VWO.
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Drawdown Indicators
| BTC-USD | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -67.68% | -17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -11.17% | -40.04% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -17.37% | -33.84% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -32.60% | -44.07% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -36.39% | -47.41% |
Current DrawdownCurrent decline from peak | -49.86% | -4.67% | -45.19% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -15.81% | -26.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 3.12% | +31.34% |
Volatility
BTC-USD vs. VWO - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 11.59% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 6.29%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than VWO 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 | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 6.29% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 13.80% | +20.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 16.37% | +19.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 17.45% | +27.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 19.23% | +37.48% |
Frequently Asked Questions
BTC-USD and VWO have a correlation of 0.35, 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 VWO (6.29%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs VWO's -67.68%.
VWO 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.
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