BTCW vs. BTC-USD
BTCW (Wisdom Tree Bitcoin Fund) is Cryptocurrency fund managed by WisdomTree, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BTCW returned -35.84% vs -36.52% for BTC-USD. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
BTCW vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with BTCW having a -23.38% return and BTC-USD slightly higher at -23.17%.
BTCW
- 1D
- -6.01%
- 1M
- -14.40%
- YTD
- -23.38%
- 6M
- -26.40%
- 1Y
- -35.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 0.85%
- 1M
- -14.42%
- YTD
- -23.17%
- 6M
- -26.37%
- 1Y
- -36.52%
- 3Y*
- 35.33%
- 5Y*
- 12.77%
- 10Y*
- 60.98%
BTCW vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCW Wisdom Tree Bitcoin Fund | -23.38% | -6.05% | 100.00% |
BTC-USD Bitcoin | -23.17% | -6.27% | 101.44% |
Correlation
The correlation between BTCW and BTC-USD is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.72 |
The correlation between BTCW and BTC-USD has been stable across timeframes, ranging from 0.72 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTCW vs. BTC-USD — Risk / Return Rank
BTCW
BTC-USD
BTCW vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) 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.
| BTCW | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.83 | -0.85 | +0.02 |
Sortino ratioReturn per unit of downside risk | -1.09 | -1.14 | +0.04 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.88 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.73 | -1.07 | +0.34 |
Martin ratioReturn relative to average drawdown | -1.27 | -1.57 | +0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BTCW | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | -0.85 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 1.14 | -0.81 |
Drawdowns
BTCW vs. BTC-USD - Drawdown Comparison
The maximum BTCW drawdown since its inception was -49.29%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BTCW and BTC-USD.
Loading charts...
Drawdown Indicators
| BTCW | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.29% | -85.30% | +36.01% |
Max Drawdown (1Y)Largest decline over 1 year | -49.29% | -49.65% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -46.59% | -46.10% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -15.94% | -42.27% | +26.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.24% | 33.71% | -5.47% |
Volatility
BTCW vs. BTC-USD - Volatility Comparison
Wisdom Tree Bitcoin Fund (BTCW) and Bitcoin (BTC-USD) have volatilities of 9.78% and 9.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCW | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 9.90% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 34.60% | 33.98% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.46% | 35.37% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.11% | 45.01% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.11% | 56.68% | -6.57% |
Frequently Asked Questions
BTCW and BTC-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.90%) compared to BTCW (9.78%). In terms of maximum drawdown, BTCW dropped -49.29% vs BTC-USD's -85.30%.
BTCW currently has the higher Sharpe Ratio (-0.83 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.
Find the right allocation for BTCW and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer