BTG-USD vs. GC=F

Last updated Apr 3, 2026

Compare and contrast key facts about Bitcoin Gold (BTG-USD) and Gold (GC=F).

Performance

BTG-USD vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin Gold (BTG-USD) and Gold (GC=F). The values are adjusted to include any dividend payments, if applicable.

BTG-USD vs. GC=F - 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%
GC=F Gold	8.72%	64.52%	27.48%	13.34%	-0.43%	-3.47%	24.59%	18.87%	-2.14%	2.24%

Returns By Period

In the year-to-date period, BTG-USD achieves a 22.80% return, which is significantly higher than GC=F's 8.72% 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*: —

GC=F

• 1D: -1.68%
• 1M: -7.92%
• YTD: 8.72%
• 6M: 22.48%
• 1Y: 49.77%
• 3Y*: 33.33%
• 5Y*: 22.19%
• 10Y*: 14.46%

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

Return for Risk

BTG-USD vs. GC=F — 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

GC=F

GC=F Risk / Return Rank: 82
GC=F Sharpe Ratio Rank: 83
GC=F Sortino Ratio Rank: 89
GC=F Omega Ratio Rank: 77
GC=F Calmar Ratio Rank: 69
GC=F Martin Ratio Rank: 90

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. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin Gold (BTG-USD) and Gold (GC=F). 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	GC=F	Difference
Sharpe ratio Return per unit of total volatility	0.07	1.72	-1.66
Sortino ratio Return per unit of downside risk	9.13	2.13	+7.00
Omega ratio Gain probability vs. loss probability	2.03	1.32	+0.71
Calmar ratio Return relative to maximum drawdown	0.71	2.64	-1.93
Martin ratio Return relative to average drawdown	1.11	9.67	-8.56
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. GC=F - Sharpe Ratio Comparison

The current BTG-USD Sharpe Ratio is 0.07, which is lower than the GC=F Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of BTG-USD and GC=F, 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	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	1.72	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	1.23	-1.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.64	-0.76

Correlation

The correlation between BTG-USD and GC=F is 0.05, 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. GC=F - Drawdown Comparison

The maximum BTG-USD drawdown since its inception was -99.93%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for BTG-USD and GC=F.

Drawdown Indicators

	BTG-USD	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-99.93%	-44.36%	-55.57%
Max Drawdown (1Y) Largest decline over 1 year	-91.49%	-17.73%	-73.76%
Max Drawdown (5Y) Largest decline over 5 years	-99.77%	-20.43%	-79.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.87%	—
Current Drawdown Current decline from peak	-99.81%	-11.58%	-88.23%
Average Drawdown Average peak-to-trough decline	-93.20%	-13.03%	-80.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.84%	4.83%	+50.01%

Volatility

BTG-USD vs. GC=F - Volatility Comparison

Bitcoin Gold (BTG-USD) has a higher volatility of 335.94% compared to Gold (GC=F) at 11.34%. This indicates that BTG-USD's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTG-USD	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	335.94%	11.34%	+324.60%
Volatility (6M) Calculated over the trailing 6-month period	532.40%	24.65%	+507.75%
Volatility (1Y) Calculated over the trailing 1-year period	861.38%	27.83%	+833.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	405.63%	17.97%	+387.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	323.51%	16.37%	+307.14%