BTCO vs. PYPL
BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while PYPL (PayPal Holdings, Inc.) is a stock. Over the past year, BTCO returned -44.68% vs -22.73% for PYPL. At a 0.35 correlation, their price movements are largely independent.
Performance
BTCO vs. PYPL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTCO achieves a -25.69% return, which is significantly lower than PYPL's -2.06% return.
BTCO
- 1D
- 1.54%
- 1M
- 3.42%
- 6M
- -31.95%
- YTD
- -25.69%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.50%
PYPL
- 1D
- 0.46%
- 1M
- 33.66%
- 6M
- 0.51%
- YTD
- -2.06%
- 1Y
- -22.73%
- 3Y*
- -7.74%
- 5Y*
- -28.27%
- 10Y*
- 4.36%
- ALL TIME*
- 2.99%
BTCO vs. PYPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -25.69% | -6.58% | 93.87% |
PYPL PayPal Holdings, Inc. | -2.06% | -31.44% | 40.01% |
Correlation
The correlation between BTCO and PYPL is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.35 |
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. PYPL — Risk / Return Rank
BTCO
PYPL
BTCO vs. PYPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and PayPal Holdings, Inc. (PYPL). 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 | PYPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.93 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.46 | -0.38 |
| Martin ratioReturn relative to average drawdown | -1.34 | -0.73 | -0.61 |
Loading charts...
Drawdowns
BTCO vs. PYPL - Drawdown Comparison
The maximum BTCO drawdown since its inception was -53.33%, smaller than the maximum PYPL drawdown of -87.30%. Use the drawdown chart below to compare losses from any high point for BTCO and PYPL.
Loading charts...
Drawdown Indicators
| BTCO | PYPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -87.30% | +33.97% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | -49.92% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.30% | — |
Current DrawdownCurrent decline from peak | -48.23% | -81.42% | +33.19% |
Average DrawdownAverage peak-to-trough decline | -17.70% | -36.32% | +18.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 31.24% | +2.15% |
Volatility
BTCO vs. PYPL - Volatility Comparison
The current volatility for Invesco Galaxy Bitcoin ETF (BTCO) is 10.57%, while PayPal Holdings, Inc. (PYPL) has a volatility of 17.35%. This indicates that BTCO experiences smaller price fluctuations and is considered to be less risky than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCO | PYPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 17.35% | -6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 34.51% | 36.65% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.25% | 42.72% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 42.97% | +6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 39.20% | +10.18% |
Dividends
BTCO vs. PYPL - Dividend Comparison
BTCO has not paid dividends to shareholders, while PYPL's dividend yield for the trailing twelve months is around 0.74%.
| Position | TTM | 2025 |
|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | 0.00% | 0.00% |
PYPL PayPal Holdings, Inc. | 0.74% | 0.24% |
Frequently Asked Questions
BTCO and PYPL have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYPL has higher volatility (17.35%) compared to BTCO (10.57%). In terms of maximum drawdown, BTCO dropped -53.33% vs PYPL's -87.30%.
PYPL currently has the higher Sharpe Ratio (-0.53 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.
Find the right allocation for BTCO and PYPL
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