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 -39.40% vs -43.32% for PYPL. At a 0.36 correlation, their price movements are largely independent.
Performance
BTCO vs. PYPL - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCO having a -27.65% return and PYPL slightly lower at -28.88%.
BTCO
- 1D
- 5.10%
- 1M
- -20.91%
- YTD
- -27.65%
- 6M
- -30.32%
- 1Y
- -39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPL
- 1D
- -0.07%
- 1M
- -8.76%
- YTD
- -28.88%
- 6M
- -32.07%
- 1Y
- -43.32%
- 3Y*
- -13.13%
- 5Y*
- -30.87%
- 10Y*
- 1.25%
BTCO vs. PYPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -27.65% | -6.58% | 100.54% |
PYPL PayPal Holdings, Inc. | -28.88% | -31.44% | 39.12% |
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 12, 2024 | 0.36 |
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.
| BTCO | PYPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.79 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.87 | +0.11 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.55 | +0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BTCO | PYPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -1.11 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.01 | +0.27 |
Drawdowns
BTCO vs. PYPL - Drawdown Comparison
The maximum BTCO drawdown since its inception was -52.05%, 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 | -52.05% | -87.30% | +35.25% |
Max Drawdown (1Y)Largest decline over 1 year | -52.05% | -49.92% | -2.13% |
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 | -49.60% | -86.51% | +36.91% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -35.69% | +19.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 27.99% | +0.94% |
Volatility
BTCO vs. PYPL - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) has a higher volatility of 11.78% compared to PayPal Holdings, Inc. (PYPL) at 6.73%. This indicates that BTCO's price experiences larger fluctuations and is considered to be riskier 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 | 11.78% | 6.73% | +5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 34.52% | 31.69% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 39.14% | +4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.90% | 42.09% | +7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.90% | 38.78% | +11.12% |
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 1.02%.
| Position | TTM | 2025 |
|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | 0.00% | 0.00% |
PYPL PayPal Holdings, Inc. | 1.02% | 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.
BTCO has higher volatility (11.78%) compared to PYPL (6.73%). In terms of maximum drawdown, BTCO dropped -52.05% vs PYPL's -87.30%.
BTCO currently has the higher Sharpe Ratio (-0.90 vs -1.11), 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