PortfoliosLab logo
BTCO vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between BTCO and BTC-USD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

BTCO vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Bitcoin ETF (BTCO) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarch
76.70%
78.03%
BTCO
BTC-USD

Key characteristics

Sharpe Ratio

BTCO:

0.37

BTC-USD:

0.64

Sortino Ratio

BTCO:

0.91

BTC-USD:

1.27

Omega Ratio

BTCO:

1.10

BTC-USD:

1.13

Calmar Ratio

BTCO:

0.72

BTC-USD:

0.43

Martin Ratio

BTCO:

1.59

BTC-USD:

3.07

Ulcer Index

BTCO:

12.37%

BTC-USD:

10.95%

Daily Std Dev

BTCO:

53.79%

BTC-USD:

42.46%

Max Drawdown

BTCO:

-27.35%

BTC-USD:

-93.07%

Current Drawdown

BTCO:

-22.75%

BTC-USD:

-22.23%

Returns By Period

The year-to-date returns for both investments are quite close, with BTCO having a -11.89% return and BTC-USD slightly higher at -11.65%.


BTCO

YTD

-11.89%

1M

-2.18%

6M

29.40%

1Y

15.79%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

-11.65%

1M

-4.05%

6M

30.35%

1Y

15.72%

5Y*

65.71%

10Y*

78.29%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

BTCO vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCO
The Risk-Adjusted Performance Rank of BTCO is 5151
Overall Rank
The Sharpe Ratio Rank of BTCO is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCO is 5757
Sortino Ratio Rank
The Omega Ratio Rank of BTCO is 5151
Omega Ratio Rank
The Calmar Ratio Rank of BTCO is 6262
Calmar Ratio Rank
The Martin Ratio Rank of BTCO is 4444
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 8686
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8383
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8383
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 8989
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 8787
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BTCO vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) 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.


The chart of Sharpe ratio for BTCO, currently valued at 0.57, compared to the broader market0.002.004.000.570.64
The chart of Sortino ratio for BTCO, currently valued at 1.17, compared to the broader market-2.000.002.004.006.008.0010.0012.001.171.27
The chart of Omega ratio for BTCO, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.13
The chart of Calmar ratio for BTCO, currently valued at 0.37, compared to the broader market0.005.0010.0015.000.370.43
The chart of Martin ratio for BTCO, currently valued at 2.79, compared to the broader market0.0020.0040.0060.0080.00100.002.793.07
BTCO
BTC-USD

The current BTCO Sharpe Ratio is 0.37, which is lower than the BTC-USD Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BTCO and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00NovemberDecember2025FebruaryMarch
0.57
0.64
BTCO
BTC-USD

Drawdowns

BTCO vs. BTC-USD - Drawdown Comparison

The maximum BTCO drawdown since its inception was -27.35%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BTCO and BTC-USD. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarch
-22.75%
-22.23%
BTCO
BTC-USD

Volatility

BTCO vs. BTC-USD - Volatility Comparison

The current volatility for Invesco Galaxy Bitcoin ETF (BTCO) is 16.07%, while Bitcoin (BTC-USD) has a volatility of 19.55%. This indicates that BTCO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarch
16.07%
19.55%
BTCO
BTC-USD