BTC-USD vs. XMMO
BTC-USD (Bitcoin) is a cryptocurrency, while XMMO (Invesco S&P MidCap Momentum ETF) is Momentum fund tracking the S&P MidCap 400 Momentum Index. Over the past 10 years, BTC-USD returned 58.50%/yr vs 18.35%/yr for XMMO. At a 0.12 correlation, their price movements are largely independent.
Performance
BTC-USD vs. XMMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTC-USD achieves a -25.13% return, which is significantly lower than XMMO's 13.17% return. Over the past 10 years, BTC-USD has outperformed XMMO with an annualized return of 58.50%, while XMMO has yielded a comparatively lower 18.35% annualized return.
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
XMMO
- 1D
- -0.57%
- 1M
- -8.97%
- 6M
- 9.46%
- YTD
- 13.17%
- 1Y
- 19.87%
- 3Y*
- 24.48%
- 5Y*
- 13.97%
- 10Y*
- 18.35%
- ALL TIME*
- 12.19%
BTC-USD vs. XMMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
XMMO Invesco S&P MidCap Momentum ETF | 13.17% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 37.18% |
Correlation
The correlation between BTC-USD and XMMO 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 | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2012 | 0.12 |
Over the past year, BTC-USD and XMMO have become more correlated (0.33) than their long-term average of 0.12, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTC-USD vs. XMMO — Risk / Return Rank
BTC-USD
XMMO
BTC-USD vs. XMMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Invesco S&P MidCap Momentum ETF (XMMO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTC-USD | XMMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.18 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 1.97 | -2.80 |
| Martin ratioReturn relative to average drawdown | -1.32 | 7.23 | -8.55 |
Loading charts...
Drawdowns
BTC-USD vs. XMMO - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for BTC-USD and XMMO.
Loading charts...
Drawdown Indicators
| BTC-USD | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -55.37% | -29.93% |
Max Drawdown (1Y)Largest decline over 1 year | -53.08% | -10.14% | -42.94% |
Max Drawdown (3Y)Largest decline over 3 years | -53.08% | -24.93% | -28.15% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -27.91% | -48.76% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -36.74% | -47.06% |
Current DrawdownCurrent decline from peak | -47.48% | -10.14% | -37.34% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -9.42% | -33.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 2.76% | +25.12% |
Volatility
BTC-USD vs. XMMO - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 9.37% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 6.86%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTC-USD | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 6.86% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 17.53% | +17.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.76% | 20.70% | +15.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.93% | 21.73% | +22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.33% | 22.35% | +33.98% |
Frequently Asked Questions
BTC-USD and XMMO 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 (9.37%) compared to XMMO (6.86%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs XMMO's -55.37%.
XMMO currently has the higher Sharpe Ratio (0.97 vs -1.03), 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.
Find the right allocation for BTC-USD and XMMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer