BTCT vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about BTC Digital Ltd. (BTCT) and Bitcoin (BTC-USD).

Performance

BTCT vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BTC Digital Ltd. (BTCT) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

BTCT vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BTCT BTC Digital Ltd.	-6.92%	-72.80%	-0.83%	37.40%	-97.67%	-87.48%	-91.45%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	351.25%

Returns By Period

In the year-to-date period, BTCT achieves a -6.92% return, which is significantly higher than BTC-USD's -21.63% return.

BTCT

• 1D: 8.04%
• 1M: -3.97%
• YTD: -6.92%
• 6M: -57.24%
• 1Y: -69.29%
• 3Y*: -34.82%
• 5Y*: -75.68%
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BTCT vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCT

BTCT Risk / Return Rank: 7
BTCT Sharpe Ratio Rank: 7
BTCT Sortino Ratio Rank: 5
BTCT Omega Ratio Rank: 8
BTCT Calmar Ratio Rank: 5
BTCT Martin Ratio Rank: 9

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCT vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BTC Digital Ltd. (BTCT) and Bitcoin (BTC-USD). 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	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.86	-0.44	-0.42
Sortino ratio Return per unit of downside risk	-1.56	-0.38	-1.18
Omega ratio Gain probability vs. loss probability	0.84	0.96	-0.12
Calmar ratio Return relative to maximum drawdown	-0.94	-1.11	+0.17
Martin ratio Return relative to average drawdown	-1.49	-1.99	+0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTCT vs. BTC-USD - Sharpe Ratio Comparison

The current BTCT Sharpe Ratio is -0.86, which is lower than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of BTCT and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BTCT	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	-0.44	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	0.05	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	1.19	-1.64

Correlation

The correlation between BTCT and BTC-USD 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.

Drawdowns

BTCT vs. BTC-USD - Drawdown Comparison

The maximum BTCT drawdown since its inception was -99.99%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BTCT and BTC-USD.

Drawdown Indicators

	BTCT	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-85.30%	-14.69%
Max Drawdown (1Y) Largest decline over 1 year	-74.71%	-49.65%	-25.06%
Max Drawdown (5Y) Largest decline over 5 years	-99.93%	-76.67%	-23.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-99.99%	-45.02%	-54.97%
Average Drawdown Average peak-to-trough decline	-94.71%	-41.99%	-52.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.76%	27.60%	+19.16%

Volatility

BTCT vs. BTC-USD - Volatility Comparison

BTC Digital Ltd. (BTCT) has a higher volatility of 17.03% compared to Bitcoin (BTC-USD) at 13.58%. This indicates that BTCT's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCT	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.03%	13.58%	+3.45%
Volatility (6M) Calculated over the trailing 6-month period	56.07%	35.98%	+20.09%
Volatility (1Y) Calculated over the trailing 1-year period	80.38%	36.76%	+43.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.19%	46.90%	+140.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	176.40%	56.70%	+119.70%