BTCT vs. BTC-USD
BTCT (BTC Digital Ltd.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, BTCT returned -70.77%/yr vs 14.98%/yr for BTC-USD. At a 0.21 correlation, their price movements are largely independent.
Performance
BTCT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTCT achieves a -33.05% return, which is significantly lower than BTC-USD's -27.00% return.
BTCT
- 1D
- -0.78%
- 1M
- -32.00%
- 6M
- -46.60%
- YTD
- -33.05%
- 1Y
- -74.70%
- 3Y*
- -40.82%
- 5Y*
- -70.77%
- 10Y*
- —
BTC-USD
- 1D
- 0.16%
- 1M
- -0.89%
- 6M
- -33.12%
- YTD
- -27.00%
- 1Y
- -46.45%
- 3Y*
- 28.84%
- 5Y*
- 14.98%
- 10Y*
- 57.64%
BTCT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTCT BTC Digital Ltd. | -33.05% | -72.80% | -0.83% | 37.40% | -97.67% | -87.48% | -88.89% |
BTC-USD Bitcoin | -27.00% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 352.52% |
Correlation
The correlation between BTCT and BTC-USD 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 | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2020 | 0.21 |
Over the past year, BTCT and BTC-USD have become more correlated (0.44) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
BTCT vs. BTC-USD — Risk / Return Rank
BTCT
BTC-USD
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.
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.
| BTCT | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.88 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.41 | -0.05 |
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Drawdowns
BTCT vs. BTC-USD - Drawdown Comparison
The maximum BTCT drawdown since its inception was -100.00%, 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.
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Drawdown Indicators
| BTCT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -85.30% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -79.68% | -53.08% | -26.60% |
Max Drawdown (3Y)Largest decline over 3 years | -96.54% | -53.08% | -43.46% |
Max Drawdown (5Y)Largest decline over 5 years | -99.88% | -76.67% | -23.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.99% | -48.79% | -51.20% |
Average DrawdownAverage peak-to-trough decline | -94.89% | -42.59% | -52.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.13% | 29.41% | +22.72% |
Volatility
BTCT vs. BTC-USD - Volatility Comparison
BTC Digital Ltd. (BTCT) has a higher volatility of 54.20% compared to Bitcoin (BTC-USD) at 9.63%. 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.
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Volatility by Period
| BTCT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.20% | 9.63% | +44.57% |
Volatility (6M)Calculated over the trailing 6-month period | 70.60% | 34.90% | +35.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.25% | 35.73% | +50.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.76% | 43.96% | +143.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.20% | 56.33% | +117.87% |
Frequently Asked Questions
BTCT and BTC-USD 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 (54.20%) compared to BTC-USD (9.63%). In terms of maximum drawdown, BTCT dropped -100.00% vs BTC-USD's -85.30%.
BTCT currently has the higher Sharpe Ratio (-0.87 vs -1.08), 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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