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 -71.38%/yr vs 13.04%/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 -12.31% return, which is significantly higher than BTC-USD's -31.91% return.
BTCT
- 1D
- -5.00%
- 1M
- 0.00%
- YTD
- -12.31%
- 6M
- -33.72%
- 1Y
- -62.50%
- 3Y*
- -33.84%
- 5Y*
- -71.38%
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
BTCT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTCT BTC Digital Ltd. | -12.31% | -72.80% | -0.83% | 37.40% | -97.67% | -87.48% | -88.89% |
BTC-USD Bitcoin | -31.91% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 352.52% |
Correlation
The correlation between BTCT and BTC-USD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
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 (0.47) 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 | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.84 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.85 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.09 | -1.45 | +0.36 |
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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.
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Drawdown Indicators
| BTCT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -85.30% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -74.59% | -52.23% | -22.36% |
Max Drawdown (3Y)Largest decline over 3 years | -94.53% | -52.23% | -42.30% |
Max Drawdown (5Y)Largest decline over 5 years | -99.82% | -76.67% | -23.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.99% | -52.23% | -47.76% |
Average DrawdownAverage peak-to-trough decline | -94.85% | -42.42% | -52.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.19% | 31.57% | +25.62% |
Volatility
BTCT vs. BTC-USD - Volatility Comparison
BTC Digital Ltd. (BTCT) has a higher volatility of 26.56% compared to Bitcoin (BTC-USD) at 12.44%. 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 | 26.56% | 12.44% | +14.12% |
Volatility (6M)Calculated over the trailing 6-month period | 55.05% | 34.75% | +20.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.25% | 35.63% | +43.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 186.76% | 44.15% | +142.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.99% | 56.40% | +117.59% |
Frequently Asked Questions
BTCT and BTC-USD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCT has higher volatility (26.56%) compared to BTC-USD (12.44%). In terms of maximum drawdown, BTCT dropped -99.99% vs BTC-USD's -85.30%.
BTCT currently has the higher Sharpe Ratio (-0.79 vs -1.04), 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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