BTC-USD vs. XLK
BTC-USD (Bitcoin) is a cryptocurrency, while XLK (State Street Technology Select Sector SPDR ETF) is Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. Over the past 10 years, BTC-USD returned 59.37%/yr vs 24.71%/yr for XLK. At a 0.12 correlation, their price movements are largely independent.
Performance
BTC-USD vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -29.97% return, which is significantly lower than XLK's 25.39% return. Over the past 10 years, BTC-USD has outperformed XLK with an annualized return of 59.37%, while XLK has yielded a comparatively lower 24.71% annualized return.
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
XLK
- 1D
- -6.66%
- 1M
- 6.04%
- YTD
- 25.39%
- 6M
- 23.33%
- 1Y
- 53.58%
- 3Y*
- 30.43%
- 5Y*
- 21.75%
- 10Y*
- 24.71%
BTC-USD vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
XLK State Street Technology Select Sector SPDR ETF | 25.39% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Correlation
The correlation between BTC-USD and XLK 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 | 0.21 |
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 21, 2012 | 0.12 |
Over the past year, BTC-USD and XLK have become more correlated (0.35) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. XLK — Risk / Return Rank
BTC-USD
XLK
BTC-USD vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and State Street Technology Select Sector SPDR ETF (XLK). 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 | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.38 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.41 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.38 | -4.16 |
| Martin ratioReturn relative to average drawdown | -1.39 | 11.25 | -12.64 |
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 | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 2.45 | -3.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.87 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 1.01 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.40 | +0.72 |
Drawdowns
BTC-USD vs. XLK - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for BTC-USD and XLK.
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Drawdown Indicators
| BTC-USD | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -82.05% | -3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -50.87% | -15.92% | -34.95% |
Max Drawdown (3Y)Largest decline over 3 years | -50.87% | -25.66% | -25.21% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -33.56% | -43.11% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -33.56% | -50.24% |
Current DrawdownCurrent decline from peak | -50.87% | -9.04% | -41.83% |
Average DrawdownAverage peak-to-trough decline | -42.29% | -34.95% | -7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.02% | 4.78% | +29.24% |
Volatility
BTC-USD vs. XLK - Volatility Comparison
Bitcoin (BTC-USD) and State Street Technology Select Sector SPDR ETF (XLK) have volatilities of 10.54% and 10.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 10.28% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 34.26% | 18.21% | +16.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.65% | 21.96% | +13.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.98% | 25.07% | +19.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.70% | 24.59% | +32.11% |
Frequently Asked Questions
BTC-USD and XLK 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 (10.54%) compared to XLK (10.28%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs XLK's -82.05%.
XLK currently has the higher Sharpe Ratio (2.45 vs -0.93), 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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