BTCM vs. BTC-USD
Compare and contrast key facts about BIT Mining Limited (BTCM) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCM or BTC-USD.
Correlation
The correlation between BTCM and BTC-USD is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTCM vs. BTC-USD - Performance Comparison
Key characteristics
BTCM:
-0.33
BTC-USD:
1.90
BTCM:
0.04
BTC-USD:
2.52
BTCM:
1.00
BTC-USD:
1.26
BTCM:
-0.29
BTC-USD:
1.68
BTCM:
-0.86
BTC-USD:
8.54
BTCM:
34.22%
BTC-USD:
11.32%
BTCM:
83.17%
BTC-USD:
42.81%
BTCM:
-99.75%
BTC-USD:
-93.07%
BTCM:
-99.63%
BTC-USD:
-11.73%
Returns By Period
In the year-to-date period, BTCM achieves a -24.21% return, which is significantly lower than BTC-USD's 0.29% return. Over the past 10 years, BTCM has underperformed BTC-USD with an annualized return of -36.48%, while BTC-USD has yielded a comparatively higher 82.48% annualized return.
BTCM
-24.21%
3.24%
-24.51%
-39.75%
-45.87%
-36.48%
BTC-USD
0.29%
7.12%
37.47%
45.77%
65.44%
82.48%
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Risk-Adjusted Performance
BTCM vs. BTC-USD — Risk-Adjusted Performance Rank
BTCM
BTC-USD
BTCM vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BIT Mining Limited (BTCM) and Bitcoin (BTC-USD). 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.
Drawdowns
BTCM vs. BTC-USD - Drawdown Comparison
The maximum BTCM drawdown since its inception was -99.75%, which is greater than BTC-USD's maximum drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BTCM and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BTCM vs. BTC-USD - Volatility Comparison
BIT Mining Limited (BTCM) has a higher volatility of 30.74% compared to Bitcoin (BTC-USD) at 16.27%. This indicates that BTCM's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.