CMCL vs. BTG-USD
CMCL (Caledonia Mining Corporation Plc) is a stock, while BTG-USD (Bitcoin Gold) is a cryptocurrency. Over the past 5 years, CMCL returned 13.18%/yr vs -63.24%/yr for BTG-USD. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
CMCL vs. BTG-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CMCL achieves a -27.21% return, which is significantly higher than BTG-USD's -49.34% return.
CMCL
- 1D
- 2.34%
- 1M
- -6.32%
- 6M
- -32.21%
- YTD
- -27.21%
- 1Y
- -3.15%
- 3Y*
- 21.28%
- 5Y*
- 13.18%
- 10Y*
- —
- ALL TIME*
- 17.19%
BTG-USD
- 1D
- -40.40%
- 1M
- 38.86%
- 6M
- -73.88%
- YTD
- -49.34%
- 1Y
- -59.24%
- 3Y*
- -71.89%
- 5Y*
- -63.24%
- 10Y*
- —
- ALL TIME*
- -49.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTG-USD Bitcoin Gold | $300.84 | $278.21 | $1.22K |
| $3.21M | $4.41M | $4.94M |
CMCL vs. BTG-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMCL Caledonia Mining Corporation Plc | -27.21% | 186.75% | -18.90% | 2.65% | 11.39% | -23.84% | 93.29% | 67.37% | -26.33% | 31.96% |
BTG-USD Bitcoin Gold | -49.34% | -92.37% | -56.73% | 85.84% | -70.99% | 382.62% | 56.48% | -57.33% | -94.85% | 55.62% |
Correlation
The correlation between CMCL and BTG-USD is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.04 |
The correlation between CMCL and BTG-USD shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMCL vs. BTG-USD — Risk / Return Rank
CMCL
BTG-USD
CMCL vs. BTG-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caledonia Mining Corporation Plc (CMCL) and Bitcoin Gold (BTG-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.
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.
| CMCL | BTG-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -6.45 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.71 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.64 | +0.58 |
| Martin ratioReturn relative to average drawdown | -0.10 | -0.90 | +0.80 |
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Drawdowns
CMCL vs. BTG-USD - Drawdown Comparison
The maximum CMCL drawdown since its inception was -65.77%, smaller than the maximum BTG-USD drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for CMCL and BTG-USD.
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Drawdown Indicators
| CMCL | BTG-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.77% | -99.96% | +34.19% |
Max Drawdown (1Y)Largest decline over 1 year | -54.71% | -93.25% | +38.54% |
Max Drawdown (3Y)Largest decline over 3 years | -54.71% | -99.71% | +45.00% |
Max Drawdown (5Y)Largest decline over 5 years | -54.71% | -99.79% | +45.08% |
Current DrawdownCurrent decline from peak | -49.24% | -99.92% | +50.68% |
Average DrawdownAverage peak-to-trough decline | -35.98% | -93.43% | +57.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.79% | 70.00% | -39.21% |
Volatility
CMCL vs. BTG-USD - Volatility Comparison
The current volatility for Caledonia Mining Corporation Plc (CMCL) is 15.02%, while Bitcoin Gold (BTG-USD) has a volatility of 155.97%. This indicates that CMCL experiences smaller price fluctuations and is considered to be less risky than BTG-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMCL | BTG-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.02% | 155.97% | -140.95% |
Volatility (6M)Calculated over the trailing 6-month period | 38.60% | 551.70% | -513.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.08% | 691.98% | -627.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.78% | 385.08% | -332.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.47% | 304.01% | -249.54% |
Frequently Asked Questions
CMCL and BTG-USD have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTG-USD has higher volatility (155.97%) compared to CMCL (15.02%). In terms of maximum drawdown, CMCL dropped -65.77% vs BTG-USD's -99.96%.
CMCL currently has the higher Sharpe Ratio (-0.05 vs -0.07), 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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