COIW vs. BTC-USD
COIW (COIN WeeklyPay™ ETF) is Derivative Income fund actively managed by Roundhill, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, COIW returned -69.57% vs -44.53% for BTC-USD. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
COIW vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, COIW achieves a -44.80% return, which is significantly lower than BTC-USD's -31.91% return.
COIW
- 1D
- -6.25%
- 1M
- -25.28%
- YTD
- -44.80%
- 6M
- -48.64%
- 1Y
- -69.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
COIW vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COIW COIN WeeklyPay™ ETF | -44.80% | -25.92% |
BTC-USD Bitcoin | -31.91% | -8.48% |
Correlation
The correlation between COIW 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 (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.53 |
The correlation between COIW and BTC-USD has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
COIW vs. BTC-USD — Risk / Return Rank
COIW
BTC-USD
COIW vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) 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.
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.
| COIW | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.84 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.85 | -0.08 |
| Martin ratioReturn relative to average drawdown | -1.40 | -1.45 | +0.05 |
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Drawdowns
COIW vs. BTC-USD - Drawdown Comparison
The maximum COIW drawdown since its inception was -75.01%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for COIW and BTC-USD.
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Drawdown Indicators
| COIW | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.01% | -85.30% | +10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -75.01% | -52.23% | -22.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.23% | — |
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 | -75.01% | -52.23% | -22.78% |
Average DrawdownAverage peak-to-trough decline | -39.52% | -42.42% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.83% | 31.57% | +18.26% |
Volatility
COIW vs. BTC-USD - Volatility Comparison
COIN WeeklyPay™ ETF (COIW) has a higher volatility of 23.13% compared to Bitcoin (BTC-USD) at 12.44%. This indicates that COIW'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
| COIW | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.13% | 12.44% | +10.69% |
Volatility (6M)Calculated over the trailing 6-month period | 63.51% | 34.75% | +28.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.07% | 35.63% | +46.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.41% | 44.15% | +46.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.41% | 56.40% | +34.01% |
Frequently Asked Questions
COIW 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.
COIW has higher volatility (23.13%) compared to BTC-USD (12.44%). In terms of maximum drawdown, COIW dropped -75.01% vs BTC-USD's -85.30%.
COIW currently has the higher Sharpe Ratio (-0.85 vs -1.04), 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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