BTCO vs. CRWD
BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while CRWD (CrowdStrike Holdings, Inc.) is a stock. Over the past year, BTCO returned -44.68% vs 66.81% for CRWD. At a 0.28 correlation, their price movements are largely independent.
Performance
BTCO vs. CRWD - Performance Comparison
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Returns By Period
In the year-to-date period, BTCO achieves a -25.69% return, which is significantly lower than CRWD's 69.37% return.
BTCO
- 1D
- 1.54%
- 1M
- 3.42%
- 6M
- -31.95%
- YTD
- -25.69%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.50%
CRWD
- 1D
- -2.26%
- 1M
- 15.93%
- 6M
- 74.93%
- YTD
- 69.37%
- 1Y
- 66.81%
- 3Y*
- 73.93%
- 5Y*
- 25.65%
- 10Y*
- —
- ALL TIME*
- 42.69%
BTCO vs. CRWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -25.69% | -6.58% | 93.87% |
CRWD CrowdStrike Holdings, Inc. | 69.37% | 37.00% | 21.32% |
Correlation
The correlation between BTCO and CRWD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.28 |
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Return for Risk
BTCO vs. CRWD — Risk / Return Rank
BTCO
CRWD
BTCO vs. CRWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and CrowdStrike Holdings, Inc. (CRWD). 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 | CRWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.26 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.81 | -2.65 |
| Martin ratioReturn relative to average drawdown | -1.34 | 4.27 | -5.61 |
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Drawdowns
BTCO vs. CRWD - Drawdown Comparison
The maximum BTCO drawdown since its inception was -53.33%, smaller than the maximum CRWD drawdown of -67.69%. Use the drawdown chart below to compare losses from any high point for BTCO and CRWD.
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Drawdown Indicators
| BTCO | CRWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -67.69% | +14.36% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | -37.18% | -16.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -44.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.69% | — |
Current DrawdownCurrent decline from peak | -48.23% | -5.81% | -42.42% |
Average DrawdownAverage peak-to-trough decline | -17.70% | -23.38% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 15.69% | +17.70% |
Volatility
BTCO vs. CRWD - Volatility Comparison
The current volatility for Invesco Galaxy Bitcoin ETF (BTCO) is 10.57%, while CrowdStrike Holdings, Inc. (CRWD) has a volatility of 16.34%. This indicates that BTCO experiences smaller price fluctuations and is considered to be less risky than CRWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCO | CRWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 16.34% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 34.51% | 39.79% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.25% | 47.52% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 51.10% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 56.05% | -6.67% |
Dividends
BTCO vs. CRWD - Dividend Comparison
Neither BTCO nor CRWD has paid dividends to shareholders.
Frequently Asked Questions
BTCO and CRWD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWD has higher volatility (16.34%) compared to BTCO (10.57%). In terms of maximum drawdown, BTCO dropped -53.33% vs CRWD's -67.69%.
CRWD currently has the higher Sharpe Ratio (1.42 vs -1.01), 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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