BTM vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Bitcoin Depot Inc. (BTM) and Bitcoin (BTC-USD).

Performance

BTM vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin Depot Inc. (BTM) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

BTM vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BTM Bitcoin Depot Inc.	-77.08%	-20.37%	-49.85%	-10.53%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	35.70%

Returns By Period

In the year-to-date period, BTM achieves a -77.08% return, which is significantly lower than BTC-USD's -21.63% return.

BTM

• 1D: -5.05%
• 1M: -56.96%
• YTD: -77.08%
• 6M: -92.26%
• 1Y: -79.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BTM vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTM

BTM Risk / Return Rank: 9
BTM Sharpe Ratio Rank: 9
BTM Sortino Ratio Rank: 6
BTM Omega Ratio Rank: 8
BTM Calmar Ratio Rank: 10
BTM Martin Ratio Rank: 12

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTM vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin Depot Inc. (BTM) 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.

	BTM	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.77	-0.44	-0.32
Sortino ratio Return per unit of downside risk	-1.46	-0.38	-1.09
Omega ratio Gain probability vs. loss probability	0.84	0.96	-0.12
Calmar ratio Return relative to maximum drawdown	-0.84	-1.11	+0.26
Martin ratio Return relative to average drawdown	-1.40	-1.99	+0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTM vs. BTC-USD - Sharpe Ratio Comparison

The current BTM Sharpe Ratio is -0.77, which is lower than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of BTM and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BTM	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.77	-0.44	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	1.19	-1.80

Correlation

The correlation between BTM and BTC-USD is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

BTM vs. BTC-USD - Drawdown Comparison

The maximum BTM drawdown since its inception was -95.55%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BTM and BTC-USD.

Drawdown Indicators

	BTM	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-95.55%	-85.30%	-10.25%
Max Drawdown (1Y) Largest decline over 1 year	-95.55%	-49.65%	-45.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-95.44%	-45.02%	-50.42%
Average Drawdown Average peak-to-trough decline	-52.88%	-41.99%	-10.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.54%	27.60%	+29.94%

Volatility

BTM vs. BTC-USD - Volatility Comparison

Bitcoin Depot Inc. (BTM) has a higher volatility of 34.82% compared to Bitcoin (BTC-USD) at 13.58%. This indicates that BTM'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.

Volatility by Period

	BTM	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.82%	13.58%	+21.24%
Volatility (6M) Calculated over the trailing 6-month period	72.37%	35.98%	+36.39%
Volatility (1Y) Calculated over the trailing 1-year period	103.74%	36.76%	+66.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.92%	46.90%	+51.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.92%	56.70%	+41.22%