BTCT vs. ^GSPC
BTCT (BTC Digital Ltd.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, BTCT returned -71.18%/yr vs 12.66%/yr for ^GSPC. At a 0.26 correlation, their price movements are largely independent.
Performance
BTCT vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, BTCT achieves a -11.54% return, which is significantly lower than ^GSPC's 11.16% return.
BTCT
- 1D
- -3.36%
- 1M
- -6.50%
- YTD
- -11.54%
- 6M
- -36.46%
- 1Y
- -65.15%
- 3Y*
- -33.78%
- 5Y*
- -71.18%
- 10Y*
- —
^GSPC
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
BTCT vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTCT BTC Digital Ltd. | -11.54% | -72.80% | -0.83% | 37.40% | -97.67% | -87.48% | -91.45% |
^GSPC S&P 500 Index | 11.16% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 45.33% |
Correlation
The correlation between BTCT and ^GSPC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2020 | 0.26 |
The correlation between BTCT and ^GSPC shifts across timeframes, from 0.26 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTCT vs. ^GSPC — Risk / Return Rank
BTCT
^GSPC
BTCT vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BTC Digital Ltd. (BTCT) and S&P 500 Index (^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.
| BTCT | ^GSPC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.85 | 2.39 | -3.24 |
Sortino ratioReturn per unit of downside risk | -1.44 | 3.25 | -4.70 |
Omega ratioGain probability vs. loss probability | 0.85 | 1.43 | -0.59 |
Calmar ratioReturn relative to maximum drawdown | -0.88 | 3.16 | -4.04 |
Martin ratioReturn relative to average drawdown | -1.21 | 14.61 | -15.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCT | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | 2.39 | -3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.75 | -1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.47 | -0.92 |
Drawdowns
BTCT vs. ^GSPC - Drawdown Comparison
The maximum BTCT drawdown since its inception was -99.99%, 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.
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Drawdown Indicators
| BTCT | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -56.78% | -43.21% |
Max Drawdown (1Y)Largest decline over 1 year | -74.59% | -9.10% | -65.49% |
Max Drawdown (3Y)Largest decline over 3 years | -94.53% | -18.90% | -75.63% |
Max Drawdown (5Y)Largest decline over 5 years | -99.82% | -25.43% | -74.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -99.99% | 0.00% | -99.99% |
Average DrawdownAverage peak-to-trough decline | -94.85% | -10.72% | -84.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.39% | 1.97% | +52.42% |
Volatility
BTCT vs. ^GSPC - Volatility Comparison
BTC Digital Ltd. (BTCT) has a higher volatility of 13.15% compared to S&P 500 Index (^GSPC) at 2.84%. 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.
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Volatility by Period
| BTCT | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 2.84% | +10.31% |
Volatility (6M)Calculated over the trailing 6-month period | 51.87% | 8.98% | +42.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.82% | 11.87% | +64.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 186.35% | 16.90% | +169.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.20% | 18.07% | +156.13% |
Frequently Asked Questions
BTCT and ^GSPC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCT has higher volatility (13.15%) compared to ^GSPC (2.84%). In terms of maximum drawdown, BTCT dropped -99.99% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.39 vs -0.85), 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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