BTM vs. BTC-USD
BTM (Bitcoin Depot Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BTM returned -98.32% vs -36.52% for BTC-USD. At a 0.24 correlation, their price movements are largely independent.
Performance
BTM vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTM achieves a -94.55% return, which is significantly lower than BTC-USD's -23.17% return.
BTM
- 1D
- 0.00%
- 1M
- -92.66%
- YTD
- -94.55%
- 6M
- -95.12%
- 1Y
- -98.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 0.85%
- 1M
- -14.42%
- YTD
- -23.17%
- 6M
- -26.37%
- 1Y
- -36.52%
- 3Y*
- 35.33%
- 5Y*
- 12.77%
- 10Y*
- 60.98%
BTM vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTM Bitcoin Depot Inc. | -94.55% | -20.37% | -49.85% | -10.53% |
BTC-USD Bitcoin | -23.17% | -6.27% | 120.76% | 35.70% |
Correlation
The correlation between BTM and BTC-USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.24 |
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Return for Risk
BTM vs. BTC-USD — Risk / Return Rank
BTM
BTC-USD
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 ratioReturn per unit of total volatility | -0.66 | -0.85 | +0.19 |
Sortino ratioReturn per unit of downside risk | -2.23 | -1.14 | -1.09 |
Omega ratioGain probability vs. loss probability | 0.68 | 0.88 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.99 | -1.07 | +0.08 |
Martin ratioReturn relative to average drawdown | -1.43 | -1.57 | +0.14 |
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
| BTM | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.85 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | 1.14 | -1.77 |
Drawdowns
BTM vs. BTC-USD - Drawdown Comparison
The maximum BTM drawdown since its inception was -98.92%, 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.
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Drawdown Indicators
| BTM | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.92% | -85.30% | -13.62% |
Max Drawdown (1Y)Largest decline over 1 year | -98.92% | -49.65% | -49.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -98.92% | -46.10% | -52.82% |
Average DrawdownAverage peak-to-trough decline | -55.11% | -42.27% | -12.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.63% | 33.71% | +34.92% |
Volatility
BTM vs. BTC-USD - Volatility Comparison
Bitcoin Depot Inc. (BTM) has a higher volatility of 145.44% compared to Bitcoin (BTC-USD) at 9.90%. 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.
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Volatility by Period
| BTM | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 145.44% | 9.90% | +135.54% |
Volatility (6M)Calculated over the trailing 6-month period | 173.30% | 33.98% | +139.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 149.38% | 35.37% | +114.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.54% | 45.01% | +73.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.54% | 56.68% | +61.86% |
Frequently Asked Questions
BTM and BTC-USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTM has higher volatility (145.44%) compared to BTC-USD (9.90%). In terms of maximum drawdown, BTM dropped -98.92% vs BTC-USD's -85.30%.
BTM currently has the higher Sharpe Ratio (-0.66 vs -0.85), 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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