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 -46.41% vs -46.21% for BTC-USD. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
BTGD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTGD achieves a -39.30% return, which is significantly lower than BTC-USD's -27.04% return.
BTGD
- 1D
- -2.81%
- 1M
- -11.99%
- 6M
- -47.45%
- YTD
- -39.30%
- 1Y
- -46.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.36%
- 1M
- -2.71%
- 6M
- -33.22%
- YTD
- -27.04%
- 1Y
- -46.21%
- 3Y*
- 28.42%
- 5Y*
- 15.15%
- 10Y*
- 57.60%
BTGD vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | -39.30% | 34.62% | 29.32% |
BTC-USD Bitcoin | -27.04% | -6.27% | 39.22% |
Correlation
The correlation between BTGD and BTC-USD is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024 | 0.68 |
The correlation between BTGD and BTC-USD has been stable across timeframes, ranging from 0.68 to 0.68 - 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.
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.
| BTGD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.84 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.87 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.53 | -1.40 | -0.13 |
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Drawdowns
BTGD vs. BTC-USD - Drawdown Comparison
The maximum BTGD drawdown since its inception was -58.79%, 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 | -58.79% | -85.30% | +26.51% |
Max Drawdown (1Y)Largest decline over 1 year | -58.79% | -53.08% | -5.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
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 | -55.53% | -48.82% | -6.71% |
Average DrawdownAverage peak-to-trough decline | -17.19% | -42.58% | +25.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.32% | 29.30% | +1.02% |
Volatility
BTGD vs. BTC-USD - Volatility Comparison
STKD Bitcoin & Gold ETF (BTGD) has a higher volatility of 15.98% compared to Bitcoin (BTC-USD) at 9.78%. 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 | 15.98% | 9.78% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 47.99% | 34.90% | +13.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.86% | 35.73% | +22.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.07% | 43.96% | +12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.07% | 56.33% | -0.26% |
Frequently Asked Questions
BTGD and BTC-USD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTGD has higher volatility (15.98%) compared to BTC-USD (9.78%). In terms of maximum drawdown, BTGD dropped -58.79% vs BTC-USD's -85.30%.
BTGD currently has the higher Sharpe Ratio (-0.81 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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