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 -63.70%/yr vs 2.81%/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 -66.35% return, which is significantly lower than BTG's -11.42% return.
BTG-USD
- 1D
- -15.79%
- 1M
- -17.25%
- YTD
- -66.35%
- 6M
- -53.17%
- 1Y
- -89.72%
- 3Y*
- -75.60%
- 5Y*
- -63.70%
- 10Y*
- —
BTG
- 1D
- 1.80%
- 1M
- -15.32%
- YTD
- -11.42%
- 6M
- -15.54%
- 1Y
- 12.30%
- 3Y*
- 7.65%
- 5Y*
- 2.81%
- 10Y*
- 7.23%
BTG-USD vs. BTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTG-USD Bitcoin Gold | -66.35% | -92.37% | -56.73% | 85.84% | -70.99% | 382.62% | 56.48% | -57.33% | -94.85% | 55.62% |
BTG B2Gold Corp. | -11.42% | 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 | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
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 | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | +6.39 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.09 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 0.33 | -1.28 |
| Martin ratioReturn relative to average drawdown | -1.21 | 0.63 | -1.85 |
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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 | -94.51% | -36.97% | -57.54% |
Max Drawdown (3Y)Largest decline over 3 years | -99.71% | -36.97% | -62.74% |
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 | -99.95% | -35.67% | -64.28% |
Average DrawdownAverage peak-to-trough decline | -93.35% | -38.33% | -55.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.83% | 19.45% | +45.38% |
Volatility
BTG-USD vs. BTG - Volatility Comparison
Bitcoin Gold (BTG-USD) has a higher volatility of 163.94% compared to B2Gold Corp. (BTG) at 16.98%. 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 | 163.94% | 16.98% | +146.96% |
Volatility (6M)Calculated over the trailing 6-month period | 593.78% | 45.14% | +548.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 779.18% | 56.12% | +723.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 379.36% | 44.89% | +334.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.58% | 48.19% | +253.39% |
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 (163.94%) compared to BTG (16.98%). In terms of maximum drawdown, BTG-USD dropped -99.96% vs BTG's -85.97%.
BTG currently has the higher Sharpe Ratio (0.22 vs -0.10), 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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