BTG-USD vs. ^GSPC

Last updated Jun 6, 2026

BTG-USD (Bitcoin Gold) is a cryptocurrency, while ^GSPC (S&P 500 Index) is an index. At a correlation of -0.04, they often move in opposite directions.

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.

Returns By Period

In the year-to-date period, BTG-USD achieves a -69.73% return, which is significantly lower than ^GSPC's 7.86% return.

BTG-USD

• 1D: -32.45%
• 1M: -64.54%
• YTD: -69.73%
• 6M: -44.71%
• 1Y: -69.06%
• 3Y*: -73.49%
• 5Y*: -67.20%
• 10Y*: —

^GSPC

• 1D: -2.64%
• 1M: 0.25%
• YTD: 7.86%
• 6M: 7.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTG-USD vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
BTG-USD Bitcoin Gold	-69.73%	-16.14%
^GSPC S&P 500 Index	7.86%	14.08%

Correlation

The correlation between BTG-USD and ^GSPC is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 7, 2025	-0.04

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: 80
BTG-USD Sharpe Ratio Rank: 84
BTG-USD Sortino Ratio Rank: 99
BTG-USD Omega Ratio Rank: 99
BTG-USD Calmar Ratio Rank: 51
BTG-USD Martin Ratio Rank: 67

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	—	—
Sortino ratio: Return per unit of downside risk	7.96	—	—
Omega ratio: Gain probability vs. loss probability	1.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.74	—	—
Martin ratio: Return relative to average drawdown	-0.95	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BTG-USD	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	1.91	-2.06

Drawdowns

BTG-USD vs. ^GSPC - Drawdown Comparison

The maximum BTG-USD drawdown since its inception was -99.96%, which is greater than ^GSPC's maximum drawdown of -9.10%. 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	-99.96%	-9.10%	-90.86%
Max Drawdown (1Y) Largest decline over 1 year	-93.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-99.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.77%	—	—
Current Drawdown Current decline from peak	-99.95%	-2.97%	-96.98%
Average Drawdown Average peak-to-trough decline	-93.34%	-1.13%	-92.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	64.69%	—	—

Volatility

Volatility by Period

	BTG-USD	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	117.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	594.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	792.69%	12.19%	+780.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	376.47%	12.19%	+364.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	300.06%	12.19%	+287.87%

Frequently Asked Questions

Can I hold both BTG-USD and ^GSPC in my portfolio?

BTG-USD and ^GSPC have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.