BTCO vs. COIN
BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while COIN (Coinbase Global, Inc.) is a stock. Over the past year, BTCO returned -46.30% vs -61.75% for COIN. A 0.73 correlation means they provide meaningful diversification when combined.
Performance
BTCO vs. COIN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTCO achieves a -26.81% return, which is significantly higher than COIN's -30.52% return.
BTCO
- 1D
- -0.14%
- 1M
- -0.14%
- 6M
- -32.98%
- YTD
- -26.81%
- 1Y
- -46.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- -2.10%
- 1M
- -4.73%
- 6M
- -34.85%
- YTD
- -30.52%
- 1Y
- -61.75%
- 3Y*
- 14.53%
- 5Y*
- -6.93%
- 10Y*
- —
BTCO vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -26.81% | -6.58% | 93.87% |
COIN Coinbase Global, Inc. | -30.52% | -8.92% | 64.12% |
Correlation
The correlation between BTCO and COIN is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.73 |
The correlation between BTCO and COIN has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTCO vs. COIN — Risk / Return Rank
BTCO
COIN
BTCO vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and Coinbase Global, Inc. (COIN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTCO | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.83 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.93 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.39 | -1.37 | -0.02 |
Loading charts...
Drawdowns
BTCO vs. COIN - Drawdown Comparison
The maximum BTCO drawdown since its inception was -53.33%, smaller than the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for BTCO and COIN.
Loading charts...
Drawdown Indicators
| BTCO | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -91.46% | +38.13% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | -66.39% | +13.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.90% | — |
Current DrawdownCurrent decline from peak | -49.02% | -62.57% | +13.55% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -52.76% | +35.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.25% | 45.07% | -11.82% |
Volatility
BTCO vs. COIN - Volatility Comparison
The current volatility for Invesco Galaxy Bitcoin ETF (BTCO) is 10.68%, while Coinbase Global, Inc. (COIN) has a volatility of 16.67%. This indicates that BTCO experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCO | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 16.67% | -5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 34.53% | 52.94% | -18.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.14% | 67.68% | -23.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.41% | 85.94% | -36.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.41% | 85.09% | -35.68% |
Dividends
BTCO vs. COIN - Dividend Comparison
Neither BTCO nor COIN has paid dividends to shareholders.
Frequently Asked Questions
BTCO and COIN have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (16.67%) compared to BTCO (10.68%). In terms of maximum drawdown, BTCO dropped -53.33% vs COIN's -91.46%.
COIN currently has the higher Sharpe Ratio (-0.92 vs -1.05), 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.
Find the right allocation for BTCO and COIN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer