BTC-USD vs. XSMO
BTC-USD (Bitcoin) is a cryptocurrency, while XSMO (Invesco S&P SmallCap Momentum ETF) is Momentum fund tracking the S&P SmallCap 600 Momentum Index. Over the past 10 years, BTC-USD returned 57.32%/yr vs 15.17%/yr for XSMO. At a 0.12 correlation, their price movements are largely independent.
Performance
BTC-USD vs. XSMO - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.32% return, which is significantly lower than XSMO's 24.80% return. Over the past 10 years, BTC-USD has outperformed XSMO with an annualized return of 57.32%, while XSMO has yielded a comparatively lower 15.17% annualized return.
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
XSMO
- 1D
- 1.22%
- 1M
- 4.39%
- YTD
- 24.80%
- 6M
- 20.56%
- 1Y
- 35.19%
- 3Y*
- 24.32%
- 5Y*
- 11.65%
- 10Y*
- 15.17%
BTC-USD vs. XSMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
XSMO Invesco S&P SmallCap Momentum ETF | 24.80% | 9.80% | 17.45% | 21.55% | -15.44% | 19.24% | 21.96% | 28.65% | -3.44% | 23.95% |
Correlation
The correlation between BTC-USD and XSMO 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 | 0.28 |
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 Sep 27, 2012 | 0.13 |
Over the past year, BTC-USD and XSMO 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. XSMO — Risk / Return Rank
BTC-USD
XSMO
BTC-USD vs. XSMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Invesco S&P SmallCap Momentum ETF (XSMO). 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 | XSMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.31 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.98 | -4.75 |
| Martin ratioReturn relative to average drawdown | -1.36 | 13.44 | -14.81 |
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Drawdowns
BTC-USD vs. XSMO - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than XSMO's maximum drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for BTC-USD and XSMO.
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Drawdown Indicators
| BTC-USD | XSMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -58.06% | -27.24% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -8.89% | -42.32% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -24.76% | -26.45% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -29.62% | -47.05% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -39.39% | -44.41% |
Current DrawdownCurrent decline from peak | -49.01% | 0.00% | -49.01% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -11.12% | -31.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 2.63% | +32.39% |
Volatility
BTC-USD vs. XSMO - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.11% compared to Invesco S&P SmallCap Momentum ETF (XSMO) at 7.71%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than XSMO 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 | XSMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 7.71% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 14.99% | +19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 19.42% | +16.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 22.63% | +22.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 24.15% | +32.47% |
Frequently Asked Questions
BTC-USD and XSMO 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 (12.11%) compared to XSMO (7.71%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs XSMO's -58.06%.
XSMO currently has the higher Sharpe Ratio (1.82 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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