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 -45.39% vs -59.01% for COIN. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
BTGD vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, BTGD achieves a -38.01% return, which is significantly lower than COIN's -28.58% return.
BTGD
- 1D
- 4.72%
- 1M
- -4.62%
- 6M
- -45.74%
- YTD
- -38.01%
- 1Y
- -45.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- 2.62%
- 1M
- 1.08%
- 6M
- -36.09%
- YTD
- -28.58%
- 1Y
- -59.01%
- 3Y*
- 15.32%
- 5Y*
- -6.39%
- 10Y*
- —
BTGD vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | -38.01% | 34.62% | 29.32% |
COIN Coinbase Global, Inc. | -28.58% | -8.92% | 26.46% |
Correlation
The correlation between BTGD and COIN 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 | 0.64 |
The correlation between BTGD and COIN has been stable across timeframes, ranging from 0.64 to 0.68 - 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.
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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.85 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.89 | +0.12 |
| Martin ratioReturn relative to average drawdown | -1.52 | -1.32 | -0.19 |
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Drawdowns
BTGD vs. COIN - Drawdown Comparison
The maximum BTGD drawdown since its inception was -58.79%, smaller than the maximum COIN drawdown of -91.46%. 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 | -58.79% | -91.46% | +32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -58.79% | -66.39% | +7.60% |
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 | -54.59% | -61.53% | +6.94% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -52.74% | +35.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.92% | 44.57% | -14.65% |
Volatility
BTGD vs. COIN - Volatility Comparison
STKD Bitcoin & Gold ETF (BTGD) and Coinbase Global, Inc. (COIN) have volatilities of 17.42% and 16.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 17.42% | 16.83% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 48.19% | 52.85% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.87% | 67.55% | -9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.15% | 85.94% | -29.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.15% | 85.15% | -29.00% |
Dividends
BTGD vs. COIN - Dividend Comparison
BTGD's dividend yield for the trailing twelve months is around 5.42%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | 5.42% | 3.36% | 0.19% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTGD and COIN have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTGD has higher volatility (17.42%) compared to COIN (16.83%). In terms of maximum drawdown, BTGD dropped -58.79% vs COIN's -91.46%.
BTGD currently has the higher Sharpe Ratio (-0.79 vs -0.88), 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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