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.
Key characteristics
| BTCM | BTC-USD | |
|---|---|---|
| YTD Return | -45.44% | 48.80% |
| 1Y Return | -6.14% | 118.01% |
| 3Y Return (Ann) | -73.96% | 5.36% |
| 5Y Return (Ann) | -53.21% | 61.10% |
| 10Y Return (Ann) | -38.22% | 64.67% |
| Sharpe Ratio | 0.03 | 5.04 |
| Daily Std Dev | 100.82% | 39.07% |
| Max Drawdown | -99.72% | -93.07% |
| Current Drawdown | -99.46% | -13.95% |
Correlation
The correlation between BTCM and BTC-USD is 0.14, 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
In the year-to-date period, BTCM achieves a -45.44% return, which is significantly lower than BTC-USD's 48.80% return. Over the past 10 years, BTCM has underperformed BTC-USD with an annualized return of -38.22%, while BTC-USD has yielded a comparatively higher 64.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -99.72%, 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 47.70% compared to Bitcoin (BTC-USD) at 16.06%. 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.