BTGD vs. BTC-USD
BTGD (STKD Bitcoin & Gold ETF) is Cryptocurrency fund actively managed by Quantify Funds, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BTGD returned -30.17% vs -40.02% for BTC-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
BTGD vs. BTC-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BTGD having a -28.65% return and BTC-USD slightly higher at -27.71%.
BTGD
- 1D
- -4.01%
- 1M
- -20.36%
- YTD
- -28.65%
- 6M
- -31.64%
- 1Y
- -30.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -5.18%
- 1M
- -20.79%
- YTD
- -27.71%
- 6M
- -32.32%
- 1Y
- -40.02%
- 3Y*
- 32.61%
- 5Y*
- 11.41%
- 10Y*
- 60.00%
BTGD vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | -28.65% | 34.62% | 29.81% |
BTC-USD Bitcoin | -27.71% | -6.27% | 38.08% |
Correlation
The correlation between BTGD and BTC-USD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.67 |
The correlation between BTGD and BTC-USD has been stable across timeframes, ranging from 0.67 to 0.67 - a consistent structural relationship.
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Return for Risk
BTGD vs. BTC-USD — Risk / Return Rank
BTGD
BTC-USD
BTGD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STKD Bitcoin & Gold ETF (BTGD) and Bitcoin (BTC-USD). 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.
| BTGD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.55 | -0.93 | +0.38 |
Sortino ratioReturn per unit of downside risk | -0.51 | -1.31 | +0.80 |
Omega ratioGain probability vs. loss probability | 0.94 | 0.87 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.81 | +0.17 |
Martin ratioReturn relative to average drawdown | -1.25 | -1.42 | +0.16 |
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
| BTGD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | -0.93 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.13 | -0.87 |
Drawdowns
BTGD vs. BTC-USD - Drawdown Comparison
The maximum BTGD drawdown since its inception was -47.73%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BTGD and BTC-USD.
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Drawdown Indicators
| BTGD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.73% | -85.30% | +37.57% |
Max Drawdown (1Y)Largest decline over 1 year | -47.73% | -49.65% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -47.73% | -49.29% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -42.27% | +27.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.09% | 33.73% | -9.64% |
Volatility
BTGD vs. BTC-USD - Volatility Comparison
STKD Bitcoin & Gold ETF (BTGD) has a higher volatility of 11.95% compared to Bitcoin (BTC-USD) at 10.81%. This indicates that BTGD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTGD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.95% | 10.81% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 45.64% | 34.33% | +11.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.04% | 35.60% | +19.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.51% | 45.05% | +10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.51% | 56.69% | -1.18% |
Frequently Asked Questions
BTGD and BTC-USD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTGD has higher volatility (11.95%) compared to BTC-USD (10.81%). In terms of maximum drawdown, BTGD dropped -47.73% vs BTC-USD's -85.30%.
BTGD currently has the higher Sharpe Ratio (-0.55 vs -0.93), 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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