BTC-USD vs. XSD
BTC-USD (Bitcoin) is a cryptocurrency, while XSD (SPDR S&P Semiconductor ETF) is Semiconductors fund tracking the S&P Semiconductor Select Industry Index. Over the past 10 years, BTC-USD returned 59.68%/yr vs 30.07%/yr for XSD. At a 0.14 correlation, their price movements are largely independent.
Performance
BTC-USD vs. XSD - 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 XSD's 85.56% return. Over the past 10 years, BTC-USD has outperformed XSD with an annualized return of 59.68%, while XSD has yielded a comparatively lower 30.07% 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%
XSD
- 1D
- 4.33%
- 1M
- 7.63%
- YTD
- 85.56%
- 6M
- 73.55%
- 1Y
- 154.18%
- 3Y*
- 41.92%
- 5Y*
- 27.66%
- 10Y*
- 30.07%
BTC-USD vs. XSD - 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% |
XSD SPDR S&P Semiconductor ETF | 85.56% | 29.85% | 10.75% | 34.87% | -30.92% | 42.54% | 61.95% | 64.66% | -6.35% | 25.21% |
Correlation
The correlation between BTC-USD and XSD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.14 |
Over the past year, BTC-USD and XSD have become more correlated (0.41) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. XSD — Risk / Return Rank
BTC-USD
XSD
BTC-USD vs. XSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and SPDR S&P Semiconductor ETF (XSD). 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 | XSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.01 | ||
| Sortino ratioReturn per unit of downside risk | -5.46 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.56 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 8.34 | -9.14 |
| Martin ratioReturn relative to average drawdown | -1.42 | 28.58 | -30.00 |
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 | XSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 4.06 | -5.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.72 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.86 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.42 | +0.71 |
Drawdowns
BTC-USD vs. XSD - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than XSD's maximum drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for BTC-USD and XSD.
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Drawdown Indicators
| BTC-USD | XSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -64.56% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -18.61% | -32.60% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -41.25% | -9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -42.27% | -34.40% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -42.27% | -41.53% |
Current DrawdownCurrent decline from peak | -49.86% | -8.20% | -41.66% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -13.73% | -28.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 5.42% | +29.04% |
Volatility
BTC-USD vs. XSD - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 11.59%, while SPDR S&P Semiconductor ETF (XSD) has a volatility of 19.79%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than XSD 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 | XSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.59% | 19.79% | -8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 30.60% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 38.31% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 38.62% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 35.17% | +21.54% |
Frequently Asked Questions
BTC-USD and XSD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XSD has higher volatility (19.79%) compared to BTC-USD (11.59%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs XSD's -64.56%.
XSD currently has the higher Sharpe Ratio (4.06 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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