BTGD vs. COIN
BTGD (STKD Bitcoin & Gold ETF) is Cryptocurrency fund actively managed by Quantify Funds, while COIN (Coinbase Global, Inc.) is a stock. Over the past year, BTGD returned -30.17% vs -36.96% for COIN. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
BTGD vs. COIN - 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 COIN slightly higher at -27.82%.
BTGD
- 1D
- -4.01%
- 1M
- -20.36%
- YTD
- -28.65%
- 6M
- -31.64%
- 1Y
- -30.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- -6.19%
- 1M
- -19.59%
- YTD
- -27.82%
- 6M
- -41.06%
- 1Y
- -36.96%
- 3Y*
- 36.24%
- 5Y*
- -6.53%
- 10Y*
- —
BTGD vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | -28.65% | 34.62% | 29.81% |
COIN Coinbase Global, Inc. | -27.82% | -8.92% | 17.97% |
Correlation
The correlation between BTGD and COIN is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.63 |
The correlation between BTGD and COIN has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.
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Return for Risk
BTGD vs. COIN — Risk / Return Rank
BTGD
COIN
BTGD vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STKD Bitcoin & Gold ETF (BTGD) and Coinbase Global, Inc. (COIN). 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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.95 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.56 | -0.08 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.93 | -0.32 |
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 | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | -0.53 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | -0.15 | +0.41 |
Drawdowns
BTGD vs. COIN - Drawdown Comparison
The maximum BTGD drawdown since its inception was -47.73%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for BTGD and COIN.
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Drawdown Indicators
| BTGD | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.73% | -90.90% | +43.17% |
Max Drawdown (1Y)Largest decline over 1 year | -47.73% | -66.39% | +18.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.90% | — |
Current DrawdownCurrent decline from peak | -47.73% | -61.12% | +13.39% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -49.83% | +35.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.09% | 39.68% | -15.59% |
Volatility
BTGD vs. COIN - Volatility Comparison
The current volatility for STKD Bitcoin & Gold ETF (BTGD) is 11.95%, while Coinbase Global, Inc. (COIN) has a volatility of 19.13%. This indicates that BTGD experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTGD | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.95% | 19.13% | -7.18% |
Volatility (6M)Calculated over the trailing 6-month period | 45.64% | 50.99% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.04% | 70.20% | -15.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.51% | 85.85% | -30.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.51% | 85.39% | -29.88% |
Dividends
BTGD vs. COIN - Dividend Comparison
BTGD's dividend yield for the trailing twelve months is around 4.71%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | 4.71% | 3.36% | 0.19% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTGD and COIN have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (19.13%) compared to BTGD (11.95%). In terms of maximum drawdown, BTGD dropped -47.73% vs COIN's -90.90%.
COIN currently has the higher Sharpe Ratio (-0.53 vs -0.55), 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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