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 -44.37% vs -44.53% 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
In the year-to-date period, BTGD achieves a -43.17% return, which is significantly lower than BTC-USD's -31.91% return.
BTGD
- 1D
- -0.05%
- 1M
- -32.65%
- YTD
- -43.17%
- 6M
- -45.25%
- 1Y
- -44.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
BTGD vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | -43.17% | 34.62% | 29.32% |
BTC-USD Bitcoin | -31.91% | -6.27% | 39.22% |
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 16, 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.
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 | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.84 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.85 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.63 | -1.45 | -0.18 |
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Drawdowns
BTGD vs. BTC-USD - Drawdown Comparison
The maximum BTGD drawdown since its inception was -58.37%, 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 | -58.37% | -85.30% | +26.93% |
Max Drawdown (1Y)Largest decline over 1 year | -58.37% | -52.23% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.23% | — |
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 | -58.37% | -52.23% | -6.14% |
Average DrawdownAverage peak-to-trough decline | -15.91% | -42.42% | +26.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.32% | 31.57% | -4.25% |
Volatility
BTGD vs. BTC-USD - Volatility Comparison
STKD Bitcoin & Gold ETF (BTGD) has a higher volatility of 19.19% compared to Bitcoin (BTC-USD) at 12.44%. 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 | 19.19% | 12.44% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 47.88% | 34.75% | +13.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.47% | 35.63% | +21.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.29% | 44.15% | +12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.29% | 56.40% | -0.11% |
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 (19.19%) compared to BTC-USD (12.44%). In terms of maximum drawdown, BTGD dropped -58.37% vs BTC-USD's -85.30%.
BTGD currently has the higher Sharpe Ratio (-0.77 vs -1.04), 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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