BTG-USD vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about Bitcoin Gold (BTG-USD) and S&P 500 Index (^GSPC).

Performance

BTG-USD vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin Gold (BTG-USD) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BTG-USD vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTG-USD Bitcoin Gold	22.80%	-92.37%	-56.73%	85.84%	-70.99%	382.62%	56.48%	-57.33%	-94.85%	30.01%
^GSPC S&P 500 Index	-3.84%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	4.24%

Returns By Period

In the year-to-date period, BTG-USD achieves a 22.80% return, which is significantly higher than ^GSPC's -3.84% return.

BTG-USD

• 1D: -39.54%
• 1M: -5.53%
• YTD: 22.80%
• 6M: -48.05%
• 1Y: 67.87%
• 3Y*: -61.01%
• 5Y*: -52.68%
• 10Y*: —

^GSPC

• 1D: 0.11%
• 1M: -3.43%
• YTD: -3.84%
• 6M: -1.98%
• 1Y: 16.08%
• 3Y*: 16.86%
• 5Y*: 10.37%
• 10Y*: 12.29%

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

Return for Risk

BTG-USD vs. ^GSPC — Risk / Return Rank

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

BTG-USD

BTG-USD Risk / Return Rank: 93
BTG-USD Sharpe Ratio Rank: 82
BTG-USD Sortino Ratio Rank: 99
BTG-USD Omega Ratio Rank: 99
BTG-USD Calmar Ratio Rank: 94
BTG-USD Martin Ratio Rank: 92

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

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.

BTG-USD vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin Gold (BTG-USD) 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.

	BTG-USD	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.07	0.88	-0.82
Sortino ratio Return per unit of downside risk	9.13	1.37	+7.77
Omega ratio Gain probability vs. loss probability	2.03	1.21	+0.82
Calmar ratio Return relative to maximum drawdown	0.71	1.39	-0.68
Martin ratio Return relative to average drawdown	1.11	6.43	-5.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTG-USD vs. ^GSPC - Sharpe Ratio Comparison

The current BTG-USD Sharpe Ratio is 0.07, which is lower than the ^GSPC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BTG-USD and ^GSPC, 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

	BTG-USD	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	0.88	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	0.62	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.46	-0.58

Correlation

The correlation between BTG-USD and ^GSPC is 0.13, 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

BTG-USD vs. ^GSPC - Drawdown Comparison

The maximum BTG-USD drawdown since its inception was -99.93%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BTG-USD and ^GSPC.

Drawdown Indicators

	BTG-USD	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-99.93%	-56.78%	-43.15%
Max Drawdown (1Y) Largest decline over 1 year	-91.49%	-9.10%	-82.39%
Max Drawdown (5Y) Largest decline over 5 years	-99.77%	-25.43%	-74.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-99.81%	-5.67%	-94.14%
Average Drawdown Average peak-to-trough decline	-93.20%	-10.75%	-82.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.84%	2.62%	+52.22%

Volatility

BTG-USD vs. ^GSPC - Volatility Comparison

Bitcoin Gold (BTG-USD) has a higher volatility of 335.94% compared to S&P 500 Index (^GSPC) at 5.29%. This indicates that BTG-USD'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.

Volatility by Period

	BTG-USD	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	335.94%	5.29%	+330.65%
Volatility (6M) Calculated over the trailing 6-month period	532.40%	9.55%	+522.85%
Volatility (1Y) Calculated over the trailing 1-year period	861.38%	18.33%	+843.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	405.63%	16.90%	+388.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	323.51%	18.04%	+305.47%