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 0.16, 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:
-0.57
BTC-USD:
1.56
BTCM:
-0.60
BTC-USD:
2.30
BTCM:
0.94
BTC-USD:
1.23
BTCM:
-0.56
BTC-USD:
1.37
BTCM:
-1.03
BTC-USD:
7.28
BTCM:
54.59%
BTC-USD:
10.81%
BTCM:
97.83%
BTC-USD:
44.36%
BTCM:
-99.72%
BTC-USD:
-93.07%
BTCM:
-99.47%
BTC-USD:
-10.79%
Returns By Period
In the year-to-date period, BTCM achieves a -46.03% return, which is significantly lower than BTC-USD's 124.03% return. Over the past 10 years, BTCM has underperformed BTC-USD with an annualized return of -34.73%, while BTC-USD has yielded a comparatively higher 76.22% annualized return.
BTCM
-46.03%
-1.81%
0.00%
-57.57%
-50.70%
-34.73%
BTC-USD
124.03%
-3.16%
57.08%
120.12%
67.07%
76.22%
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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 30.57% compared to Bitcoin (BTC-USD) at 13.51%. 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.