BTCO vs. ABNB
BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while ABNB (Airbnb, Inc.) is a stock. Over the past year, BTCO returned -39.40% vs -4.42% for ABNB. At a 0.25 correlation, their price movements are largely independent.
Performance
BTCO vs. ABNB - Performance Comparison
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Returns By Period
In the year-to-date period, BTCO achieves a -27.65% return, which is significantly lower than ABNB's -0.95% return.
BTCO
- 1D
- 5.10%
- 1M
- -20.91%
- YTD
- -27.65%
- 6M
- -30.32%
- 1Y
- -39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ABNB
- 1D
- 0.67%
- 1M
- -4.99%
- YTD
- -0.95%
- 6M
- 10.18%
- 1Y
- -4.42%
- 3Y*
- 4.48%
- 5Y*
- -1.48%
- 10Y*
- —
BTCO vs. ABNB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -27.65% | -6.58% | 100.54% |
ABNB Airbnb, Inc. | -0.95% | 3.28% | -5.77% |
Correlation
The correlation between BTCO and ABNB is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.25 |
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Return for Risk
BTCO vs. ABNB — Risk / Return Rank
BTCO
ABNB
BTCO vs. ABNB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and Airbnb, Inc. (ABNB). 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.
| BTCO | ABNB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.00 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.21 | -0.55 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.44 | -0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCO | ABNB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.15 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.03 | +0.30 |
Drawdowns
BTCO vs. ABNB - Drawdown Comparison
The maximum BTCO drawdown since its inception was -52.05%, smaller than the maximum ABNB drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for BTCO and ABNB.
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Drawdown Indicators
| BTCO | ABNB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.05% | -61.96% | +9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -52.05% | -21.54% | -30.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.19% | — |
Current DrawdownCurrent decline from peak | -49.60% | -38.00% | -11.60% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -36.14% | +20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 10.03% | +18.90% |
Volatility
BTCO vs. ABNB - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) has a higher volatility of 11.78% compared to Airbnb, Inc. (ABNB) at 7.87%. This indicates that BTCO's price experiences larger fluctuations and is considered to be riskier than ABNB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCO | ABNB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 7.87% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 34.52% | 22.48% | +12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 28.94% | +15.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.90% | 43.76% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.90% | 45.99% | +3.91% |
Dividends
BTCO vs. ABNB - Dividend Comparison
Neither BTCO nor ABNB has paid dividends to shareholders.
Frequently Asked Questions
BTCO and ABNB have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCO has higher volatility (11.78%) compared to ABNB (7.87%). In terms of maximum drawdown, BTCO dropped -52.05% vs ABNB's -61.96%.
ABNB currently has the higher Sharpe Ratio (-0.15 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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