BTCO vs. ISRG
BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while ISRG (Intuitive Surgical, Inc.) is a stock. Over the past year, BTCO returned -44.68% vs -31.90% for ISRG. At a 0.23 correlation, their price movements are largely independent.
Performance
BTCO vs. ISRG - Performance Comparison
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Returns By Period
In the year-to-date period, BTCO achieves a -25.69% return, which is significantly higher than ISRG's -37.64% return.
BTCO
- 1D
- 1.54%
- 1M
- 3.42%
- 6M
- -31.95%
- YTD
- -25.69%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.50%
ISRG
- 1D
- 2.24%
- 1M
- -13.18%
- 6M
- -33.99%
- YTD
- -37.64%
- 1Y
- -31.90%
- 3Y*
- 1.61%
- 5Y*
- 2.32%
- 10Y*
- 16.51%
- ALL TIME*
- 21.90%
BTCO vs. ISRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -25.69% | -6.58% | 93.87% |
ISRG Intuitive Surgical, Inc. | -37.64% | 8.51% | 43.22% |
Correlation
The correlation between BTCO and ISRG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
BTCO vs. ISRG — Risk / Return Rank
BTCO
ISRG
BTCO vs. ISRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and Intuitive Surgical, Inc. (ISRG). 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 | ISRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.84 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.77 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.77 | +0.44 |
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Drawdowns
BTCO vs. ISRG - Drawdown Comparison
The maximum BTCO drawdown since its inception was -53.33%, smaller than the maximum ISRG drawdown of -82.26%. Use the drawdown chart below to compare losses from any high point for BTCO and ISRG.
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Drawdown Indicators
| BTCO | ISRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -82.26% | +28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | -41.74% | -11.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.90% | — |
Current DrawdownCurrent decline from peak | -48.23% | -42.15% | -6.08% |
Average DrawdownAverage peak-to-trough decline | -17.70% | -21.33% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 18.06% | +15.33% |
Volatility
BTCO vs. ISRG - Volatility Comparison
The current volatility for Invesco Galaxy Bitcoin ETF (BTCO) is 10.57%, while Intuitive Surgical, Inc. (ISRG) has a volatility of 19.26%. This indicates that BTCO experiences smaller price fluctuations and is considered to be less risky than ISRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCO | ISRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 19.26% | -8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 34.51% | 27.17% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.25% | 35.38% | +8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 34.17% | +15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 32.87% | +16.51% |
Dividends
BTCO vs. ISRG - Dividend Comparison
Neither BTCO nor ISRG has paid dividends to shareholders.
Frequently Asked Questions
BTCO and ISRG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (19.26%) compared to BTCO (10.57%). In terms of maximum drawdown, BTCO dropped -53.33% vs ISRG's -82.26%.
ISRG currently has the higher Sharpe Ratio (-0.91 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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