BTG-USD vs. BTG
BTG-USD (Bitcoin Gold) is a cryptocurrency, while BTG (B2Gold Corp.) is a stock. Over the past 5 years, BTG-USD returned -63.51%/yr vs 2.56%/yr for BTG. At a 0.06 correlation, their price movements are largely independent.
Performance
BTG-USD vs. BTG - Performance Comparison
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Returns By Period
In the year-to-date period, BTG-USD achieves a -65.06% return, which is significantly lower than BTG's -17.90% return.
BTG-USD
- 1D
- -30.55%
- 1M
- -16.98%
- 6M
- -84.94%
- YTD
- -65.06%
- 1Y
- -64.05%
- 3Y*
- -73.56%
- 5Y*
- -63.51%
- 10Y*
- —
BTG
- 1D
- 0.27%
- 1M
- -16.78%
- 6M
- -19.16%
- YTD
- -17.90%
- 1Y
- 9.57%
- 3Y*
- 2.79%
- 5Y*
- 2.56%
- 10Y*
- 4.97%
BTG-USD vs. BTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTG-USD Bitcoin Gold | -65.06% | -92.37% | -56.73% | 85.84% | -70.99% | 382.62% | 56.48% | -57.33% | -94.85% | 55.62% |
BTG B2Gold Corp. | -17.90% | 88.95% | -18.07% | -7.22% | -5.13% | -26.97% | 42.35% | 37.72% | -5.81% | 20.62% |
Correlation
The correlation between BTG-USD and BTG is -0.07, 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 (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.06 |
The correlation between BTG-USD and BTG shifts across timeframes, from -0.07 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTG-USD vs. BTG — Risk / Return Rank
BTG-USD
BTG
BTG-USD vs. BTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin Gold (BTG-USD) and B2Gold Corp. (BTG). 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.
| BTG-USD | BTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | +6.02 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.08 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 0.24 | -0.93 |
| Martin ratioReturn relative to average drawdown | -1.01 | 0.45 | -1.46 |
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Drawdowns
BTG-USD vs. BTG - Drawdown Comparison
The maximum BTG-USD drawdown since its inception was -99.96%, which is greater than BTG's maximum drawdown of -85.97%. Use the drawdown chart below to compare losses from any high point for BTG-USD and BTG.
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Drawdown Indicators
| BTG-USD | BTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -85.97% | -13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -93.25% | -40.54% | -52.71% |
Max Drawdown (3Y)Largest decline over 3 years | -99.71% | -40.54% | -59.17% |
Max Drawdown (5Y)Largest decline over 5 years | -99.79% | -48.92% | -50.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.35% | — |
Current DrawdownCurrent decline from peak | -99.94% | -40.38% | -59.56% |
Average DrawdownAverage peak-to-trough decline | -93.39% | -38.33% | -55.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.80% | 21.45% | +46.35% |
Volatility
BTG-USD vs. BTG - Volatility Comparison
Bitcoin Gold (BTG-USD) has a higher volatility of 124.70% compared to B2Gold Corp. (BTG) at 12.46%. This indicates that BTG-USD's price experiences larger fluctuations and is considered to be riskier than BTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTG-USD | BTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 124.70% | 12.46% | +112.24% |
Volatility (6M)Calculated over the trailing 6-month period | 575.50% | 45.70% | +529.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 681.37% | 56.68% | +624.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 380.15% | 44.90% | +335.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.18% | 47.97% | +253.21% |
Frequently Asked Questions
BTG-USD and BTG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTG-USD has higher volatility (124.70%) compared to BTG (12.46%). In terms of maximum drawdown, BTG-USD dropped -99.96% vs BTG's -85.97%.
BTG currently has the higher Sharpe Ratio (0.17 vs -0.08), 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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