COIN vs. BTC-USD
COIN (Coinbase Global, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, COIN returned -7.80%/yr vs 12.59%/yr for BTC-USD. At a 0.50 correlation, their price movements are largely independent.
Performance
COIN vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -32.61% return, which is significantly lower than BTC-USD's -30.57% return.
COIN
- 1D
- -7.15%
- 1M
- -21.02%
- YTD
- -32.61%
- 6M
- -43.50%
- 1Y
- -39.35%
- 3Y*
- 43.47%
- 5Y*
- -7.80%
- 10Y*
- —
BTC-USD
- 1D
- -0.47%
- 1M
- -24.07%
- YTD
- -30.57%
- 6M
- -31.95%
- 1Y
- -41.81%
- 3Y*
- 32.11%
- 5Y*
- 12.59%
- 10Y*
- 59.14%
COIN vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -32.61% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
BTC-USD Bitcoin | -30.57% | -6.27% | 120.76% | 155.82% | -64.23% | -26.62% |
Correlation
The correlation between COIN and BTC-USD is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.50 |
The correlation between COIN and BTC-USD has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
COIN vs. BTC-USD — Risk / Return Rank
COIN
BTC-USD
COIN vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) 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.
| COIN | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.86 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.82 | +0.25 |
| Martin ratioReturn relative to average drawdown | -0.94 | -1.46 | +0.52 |
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
| COIN | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | -0.98 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.23 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 1.12 | -1.29 |
Drawdowns
COIN vs. BTC-USD - Drawdown Comparison
The maximum COIN drawdown since its inception was -90.90%, 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 COIN and BTC-USD.
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Drawdown Indicators
| COIN | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.90% | -85.30% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -51.29% | -15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -51.29% | -15.10% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | -76.67% | -14.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -63.70% | -51.29% | -12.41% |
Average DrawdownAverage peak-to-trough decline | -49.85% | -42.30% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.06% | 34.17% | +5.89% |
Volatility
COIN vs. BTC-USD - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 20.16% compared to Bitcoin (BTC-USD) at 10.64%. This indicates that COIN'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
| COIN | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.16% | 10.64% | +9.52% |
Volatility (6M)Calculated over the trailing 6-month period | 51.15% | 34.30% | +16.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.37% | 35.59% | +34.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.87% | 44.99% | +40.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.38% | 56.70% | +28.68% |
Frequently Asked Questions
COIN and BTC-USD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (20.16%) compared to BTC-USD (10.64%). In terms of maximum drawdown, COIN dropped -90.90% vs BTC-USD's -85.30%.
COIN currently has the higher Sharpe Ratio (-0.54 vs -0.98), 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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