BTCT vs. ^GSPC
Compare and contrast key facts about BTC Digital Ltd. (BTCT) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCT or ^GSPC.
Correlation
The correlation between BTCT and ^GSPC is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTCT vs. ^GSPC - Performance Comparison
Key characteristics
BTCT:
0.06
^GSPC:
1.62
BTCT:
3.57
^GSPC:
2.20
BTCT:
1.44
^GSPC:
1.30
BTCT:
0.21
^GSPC:
2.46
BTCT:
0.41
^GSPC:
10.01
BTCT:
51.16%
^GSPC:
2.08%
BTCT:
351.97%
^GSPC:
12.88%
BTCT:
-99.72%
^GSPC:
-56.78%
BTCT:
-99.01%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, BTCT achieves a -2.72% return, which is significantly lower than ^GSPC's 2.24% return.
BTCT
-2.72%
-24.51%
164.20%
25.68%
N/A
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
BTCT vs. ^GSPC — Risk-Adjusted Performance Rank
BTCT
^GSPC
BTCT vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BTC Digital Ltd. (BTCT) and S&P 500 (^GSPC). 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.
Drawdowns
BTCT vs. ^GSPC - Drawdown Comparison
The maximum BTCT drawdown since its inception was -99.72%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BTCT and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BTCT vs. ^GSPC - Volatility Comparison
BTC Digital Ltd. (BTCT) has a higher volatility of 30.97% compared to S&P 500 (^GSPC) at 3.43%. This indicates that BTCT's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.