BTG-USD vs. MSTR
BTG-USD (Bitcoin Gold) is a cryptocurrency, while MSTR (Strategy Inc) is a stock. Over the past 5 years, BTG-USD returned -63.51%/yr vs 12.64%/yr for MSTR. At a 0.20 correlation, their price movements are largely independent.
Performance
BTG-USD vs. MSTR - 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 MSTR's -37.58% 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*
- —
MSTR
- 1D
- 0.87%
- 1M
- -18.63%
- 6M
- -45.40%
- YTD
- -37.58%
- 1Y
- -78.98%
- 3Y*
- 28.62%
- 5Y*
- 12.64%
- 10Y*
- 17.66%
BTG-USD vs. MSTR - 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% |
MSTR Strategy Inc | -37.58% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -4.16% |
Correlation
The correlation between BTG-USD and MSTR is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.20 |
The correlation between BTG-USD and MSTR shifts across timeframes, from -0.00 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTG-USD vs. MSTR — Risk / Return Rank
BTG-USD
MSTR
BTG-USD vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin Gold (BTG-USD) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +9.03 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 0.75 | +0.94 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.98 | +0.29 |
| Martin ratioReturn relative to average drawdown | -1.01 | -1.42 | +0.41 |
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Drawdowns
BTG-USD vs. MSTR - Drawdown Comparison
The maximum BTG-USD drawdown since its inception was -99.96%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for BTG-USD and MSTR.
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Drawdown Indicators
| BTG-USD | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -99.86% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -93.25% | -80.70% | -12.55% |
Max Drawdown (3Y)Largest decline over 3 years | -99.71% | -82.63% | -17.08% |
Max Drawdown (5Y)Largest decline over 5 years | -99.79% | -84.11% | -15.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.27% | — |
Current DrawdownCurrent decline from peak | -99.94% | -79.98% | -19.96% |
Average DrawdownAverage peak-to-trough decline | -93.39% | -86.43% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.80% | 57.68% | +10.12% |
Volatility
BTG-USD vs. MSTR - Volatility Comparison
Bitcoin Gold (BTG-USD) has a higher volatility of 124.70% compared to Strategy Inc (MSTR) at 25.52%. This indicates that BTG-USD's price experiences larger fluctuations and is considered to be riskier than MSTR 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 | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 124.70% | 25.52% | +99.18% |
Volatility (6M)Calculated over the trailing 6-month period | 575.50% | 60.59% | +514.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 681.37% | 74.27% | +607.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 380.15% | 90.75% | +289.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 301.18% | 74.25% | +226.93% |
Frequently Asked Questions
BTG-USD and MSTR have a correlation of -0.00, 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 MSTR (25.52%). In terms of maximum drawdown, BTG-USD dropped -99.96% vs MSTR's -99.86%.
BTG-USD currently has the higher Sharpe Ratio (-0.08 vs -1.07), 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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