BTG-USD vs. GC=F
BTG-USD (Bitcoin Gold) is a cryptocurrency, while GC=F (Gold Futures) is an asset. Over the past 5 years, BTG-USD returned -67.20%/yr vs 18.96%/yr for GC=F. At a 0.05 correlation, their price movements are largely independent.
Performance
BTG-USD vs. GC=F - Performance Comparison
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Returns By Period
In the year-to-date period, BTG-USD achieves a -69.73% return, which is significantly lower than GC=F's 4.09% 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*
- —
GC=F
- 1D
- 1.48%
- 1M
- -3.83%
- YTD
- 4.09%
- 6M
- 6.87%
- 1Y
- 34.37%
- 3Y*
- 31.99%
- 5Y*
- 18.96%
- 10Y*
- 13.72%
BTG-USD vs. GC=F - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTG-USD Bitcoin Gold | -69.73% | -92.37% | -56.73% | 85.84% | -70.99% | 382.62% | 56.48% | -57.33% | -94.85% | 30.01% |
GC=F Gold Futures | 4.09% | 64.52% | 27.48% | 13.34% | -0.43% | -3.47% | 24.59% | 18.87% | -2.14% | 2.24% |
Correlation
The correlation between BTG-USD and GC=F is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017 | 0.05 |
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Return for Risk
BTG-USD vs. GC=F — Risk / Return Rank
BTG-USD
GC=F
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 Futures (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 ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | +6.35 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.25 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 1.83 | -2.57 |
| Martin ratioReturn relative to average drawdown | -0.95 | 4.59 | -5.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTG-USD | GC=F | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 1.22 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 1.04 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.62 | -0.77 |
Drawdowns
BTG-USD vs. GC=F - Drawdown Comparison
The maximum BTG-USD drawdown since its inception was -99.96%, 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.
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Drawdown Indicators
| BTG-USD | GC=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -44.36% | -55.60% |
Max Drawdown (1Y)Largest decline over 1 year | -93.80% | -17.73% | -76.07% |
Max Drawdown (3Y)Largest decline over 3 years | -99.67% | -17.73% | -81.94% |
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 DrawdownCurrent decline from peak | -99.95% | -15.34% | -84.61% |
Average DrawdownAverage peak-to-trough decline | -93.34% | -13.03% | -80.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.69% | 7.13% | +57.56% |
Volatility
BTG-USD vs. GC=F - Volatility Comparison
Bitcoin Gold (BTG-USD) has a higher volatility of 117.63% compared to Gold Futures (GC=F) at 4.73%. 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.
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Volatility by Period
| BTG-USD | GC=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 117.63% | 4.73% | +112.90% |
Volatility (6M)Calculated over the trailing 6-month period | 594.15% | 23.11% | +571.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 792.69% | 26.50% | +766.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 376.47% | 18.20% | +358.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 300.06% | 16.44% | +283.62% |
Frequently Asked Questions
BTG-USD and GC=F have a correlation of 0.01, 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 (117.63%) compared to GC=F (4.73%). In terms of maximum drawdown, BTG-USD dropped -99.96% vs GC=F's -44.36%.
GC=F currently has the higher Sharpe Ratio (1.22 vs -0.07), 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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