BTGD vs. PHYS
BTGD (STKD Bitcoin & Gold ETF) is Cryptocurrency fund actively managed by Quantify Funds, while PHYS (Sprott Physical Gold Trust) is a stock. Over the past year, BTGD returned -30.17% vs 31.14% for PHYS. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
BTGD vs. PHYS - Performance Comparison
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Returns By Period
In the year-to-date period, BTGD achieves a -28.65% return, which is significantly lower than PHYS's 1.64% return.
BTGD
- 1D
- -4.01%
- 1M
- -20.36%
- YTD
- -28.65%
- 6M
- -31.64%
- 1Y
- -30.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PHYS
- 1D
- -1.09%
- 1M
- -1.73%
- YTD
- 1.64%
- 6M
- 4.32%
- 1Y
- 31.14%
- 3Y*
- 29.99%
- 5Y*
- 17.41%
- 10Y*
- 12.40%
BTGD vs. PHYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | -28.65% | 34.62% | 29.81% |
PHYS Sprott Physical Gold Trust | 1.64% | 63.95% | -3.08% |
Correlation
The correlation between BTGD and PHYS is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.51 |
The correlation between BTGD and PHYS has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
BTGD vs. PHYS — Risk / Return Rank
BTGD
PHYS
BTGD vs. PHYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STKD Bitcoin & Gold ETF (BTGD) and Sprott Physical Gold Trust (PHYS). 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 | PHYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.23 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.62 | -2.25 |
| Martin ratioReturn relative to average drawdown | -1.25 | 3.99 | -5.25 |
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 | PHYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 1.14 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.45 | -0.18 |
Drawdowns
BTGD vs. PHYS - Drawdown Comparison
The maximum BTGD drawdown since its inception was -47.73%, roughly equal to the maximum PHYS drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for BTGD and PHYS.
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Drawdown Indicators
| BTGD | PHYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.73% | -48.16% | +0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -47.73% | -19.35% | -28.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.75% | — |
Current DrawdownCurrent decline from peak | -47.73% | -18.01% | -29.72% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -21.00% | +6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.09% | 7.82% | +16.27% |
Volatility
BTGD vs. PHYS - Volatility Comparison
STKD Bitcoin & Gold ETF (BTGD) has a higher volatility of 11.95% compared to Sprott Physical Gold Trust (PHYS) at 5.66%. This indicates that BTGD's price experiences larger fluctuations and is considered to be riskier than PHYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTGD | PHYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.95% | 5.66% | +6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 45.64% | 23.87% | +21.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.04% | 27.43% | +27.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.51% | 18.31% | +37.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.51% | 16.30% | +39.21% |
Dividends
BTGD vs. PHYS - Dividend Comparison
BTGD's dividend yield for the trailing twelve months is around 4.71%, while PHYS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | 4.71% | 3.36% | 0.19% |
PHYS Sprott Physical Gold Trust | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTGD and PHYS have a correlation of 0.57, 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 PHYS (5.66%). In terms of maximum drawdown, BTGD dropped -47.73% vs PHYS's -48.16%.
PHYS currently has the higher Sharpe Ratio (1.14 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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