BTC vs. HOOD
BTC (Grayscale Bitcoin Mini Trust ETF) is Cryptocurrency fund actively managed by Grayscale, while HOOD (Robinhood Markets, Inc.) is a stock. Over the past year, BTC returned -39.75% vs 35.23% for HOOD. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
BTC vs. HOOD - Performance Comparison
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Returns By Period
In the year-to-date period, BTC achieves a -28.84% return, which is significantly lower than HOOD's -8.71% return.
BTC
- 1D
- -3.23%
- 1M
- -17.80%
- YTD
- -28.84%
- 6M
- -28.95%
- 1Y
- -39.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOD
- 1D
- -2.33%
- 1M
- 40.21%
- YTD
- -8.71%
- 6M
- -14.13%
- 1Y
- 35.23%
- 3Y*
- 121.59%
- 5Y*
- —
- 10Y*
- —
BTC vs. HOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | -28.84% | -7.50% | 41.93% |
HOOD Robinhood Markets, Inc. | -8.71% | 203.54% | 82.65% |
Correlation
The correlation between BTC and HOOD is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024 | 0.54 |
The correlation between BTC and HOOD has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
BTC vs. HOOD — Risk / Return Rank
BTC
HOOD
BTC vs. HOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Mini Trust ETF (BTC) and Robinhood Markets, Inc. (HOOD). 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 | HOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.14 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 0.62 | -1.39 |
| Martin ratioReturn relative to average drawdown | -1.30 | 1.10 | -2.40 |
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Drawdowns
BTC vs. HOOD - Drawdown Comparison
The maximum BTC drawdown since its inception was -51.97%, smaller than the maximum HOOD drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for BTC and HOOD.
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Drawdown Indicators
| BTC | HOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.97% | -90.21% | +38.24% |
Max Drawdown (1Y)Largest decline over 1 year | -51.97% | -57.26% | +5.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.26% | — |
Current DrawdownCurrent decline from peak | -50.40% | -32.28% | -18.12% |
Average DrawdownAverage peak-to-trough decline | -17.66% | -60.71% | +43.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.52% | 32.08% | -1.56% |
Volatility
BTC vs. HOOD - Volatility Comparison
The current volatility for Grayscale Bitcoin Mini Trust ETF (BTC) is 12.93%, while Robinhood Markets, Inc. (HOOD) has a volatility of 23.64%. This indicates that BTC experiences smaller price fluctuations and is considered to be less risky than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC | HOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.93% | 23.64% | -10.71% |
Volatility (6M)Calculated over the trailing 6-month period | 34.58% | 50.77% | -16.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.23% | 69.76% | -25.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.26% | 74.05% | -25.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.26% | 74.05% | -25.79% |
Dividends
BTC vs. HOOD - Dividend Comparison
Neither BTC nor HOOD has paid dividends to shareholders.
Frequently Asked Questions
BTC and HOOD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOD has higher volatility (23.64%) compared to BTC (12.93%). In terms of maximum drawdown, BTC dropped -51.97% vs HOOD's -90.21%.
HOOD currently has the higher Sharpe Ratio (0.51 vs -0.90), 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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