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 -45.39% vs 19.41% for PHYS. A 0.54 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 -38.01% return, which is significantly lower than PHYS's -7.39% return.
BTGD
- 1D
- 4.72%
- 1M
- -4.62%
- 6M
- -45.74%
- YTD
- -38.01%
- 1Y
- -45.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PHYS
- 1D
- 1.39%
- 1M
- -3.69%
- 6M
- -12.58%
- YTD
- -7.39%
- 1Y
- 19.41%
- 3Y*
- 26.21%
- 5Y*
- 16.16%
- 10Y*
- 10.73%
BTGD vs. PHYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | -38.01% | 34.62% | 29.32% |
PHYS Sprott Physical Gold Trust | -7.39% | 63.95% | -2.61% |
Correlation
The correlation between BTGD and PHYS is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024 | 0.54 |
The correlation between BTGD and PHYS shifts across timeframes, from 0.54 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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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.
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 | PHYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.15 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 0.73 | -1.50 |
| Martin ratioReturn relative to average drawdown | -1.52 | 1.78 | -3.29 |
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Drawdowns
BTGD vs. PHYS - Drawdown Comparison
The maximum BTGD drawdown since its inception was -58.79%, which is greater than PHYS's maximum 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 | -58.79% | -48.16% | -10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -58.79% | -26.75% | -32.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.75% | — |
Current DrawdownCurrent decline from peak | -54.59% | -25.29% | -29.30% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -21.01% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.92% | 10.96% | +18.96% |
Volatility
BTGD vs. PHYS - Volatility Comparison
STKD Bitcoin & Gold ETF (BTGD) has a higher volatility of 17.42% compared to Sprott Physical Gold Trust (PHYS) at 7.22%. 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 | 17.42% | 7.22% | +10.20% |
Volatility (6M)Calculated over the trailing 6-month period | 48.19% | 24.88% | +23.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.87% | 28.74% | +29.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.15% | 18.72% | +37.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.15% | 16.42% | +39.73% |
Dividends
BTGD vs. PHYS - Dividend Comparison
BTGD's dividend yield for the trailing twelve months is around 5.42%, while PHYS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | 5.42% | 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 0.64, 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 PHYS (7.22%). In terms of maximum drawdown, BTGD dropped -58.79% vs PHYS's -48.16%.
PHYS currently has the higher Sharpe Ratio (0.68 vs -0.79), 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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