CORZ vs. BTC-USD

Last updated Jul 17, 2026

CORZ (Core Scientific, Inc) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, CORZ returned 51.01% vs -46.21% for BTC-USD. At a 0.33 correlation, their price movements are largely independent.

Performance

CORZ vs. BTC-USD - Performance Comparison

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

Returns By Period

In the year-to-date period, CORZ achieves a 44.37% return, which is significantly higher than BTC-USD's -27.04% return.

CORZ

• 1D: -7.48%
• 1M: -25.14%
• 6M: 16.26%
• YTD: 44.37%
• 1Y: 51.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: -1.36%
• 1M: -2.71%
• 6M: -33.22%
• YTD: -27.04%
• 1Y: -46.21%
• 3Y*: 28.42%
• 5Y*: 15.15%
• 10Y*: 57.60%

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

CORZ vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORZ Core Scientific, Inc	44.37%	3.63%	153.15%
BTC-USD Bitcoin	-27.04%	-6.27%	134.10%

Correlation

The correlation between CORZ and BTC-USD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024	0.33

Return for Risk

CORZ vs. BTC-USD — Risk / Return Rank

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

CORZ

CORZ Risk / Return Rank: 69
CORZ Sharpe Ratio Rank: 70
CORZ Sortino Ratio Rank: 68
CORZ Omega Ratio Rank: 66
CORZ Calmar Ratio Rank: 70
CORZ Martin Ratio Rank: 69

BTC-USD

BTC-USD Risk / Return Rank: 23
BTC-USD Sharpe Ratio Rank: 6
BTC-USD Sortino Ratio Rank: 31
BTC-USD Omega Ratio Rank: 31
BTC-USD Calmar Ratio Rank: 41
BTC-USD Martin Ratio Rank: 5

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.

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

This table presents a comparison of risk-adjusted performance metrics for Core Scientific, Inc (CORZ) 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.

	CORZ	BTC-USD	Difference
Sharpe ratio: Return per unit of total volatility	0.81	-1.07	+1.88
Sortino ratio: Return per unit of downside risk	1.42	-1.63	+3.05
Omega ratio: Gain probability vs. loss probability	1.17	0.84	+0.34
Calmar ratio: Return relative to maximum drawdown	1.26	-0.87	+2.13
Martin ratio: Return relative to average drawdown	2.67	-1.40	+4.08

CORZ vs. BTC-USD - Sharpe Ratio Comparison

The current CORZ Sharpe Ratio is 0.81, which is higher than the BTC-USD Sharpe Ratio of -1.07. The chart below compares the historical Sharpe Ratios of CORZ and BTC-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CORZ vs. BTC-USD - Drawdown Comparison

The maximum CORZ drawdown since its inception was -64.95%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CORZ and BTC-USD.

Drawdown Indicators

	CORZ	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-64.95%	-85.30%	+20.35%
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	-53.08%	+12.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-53.08%	—
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	-27.91%	-48.82%	+20.91%
Average Drawdown Average peak-to-trough decline	-23.22%	-42.58%	+19.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.15%	29.30%	-10.15%

Volatility

CORZ vs. BTC-USD - Volatility Comparison

Core Scientific, Inc (CORZ) has a higher volatility of 20.88% compared to Bitcoin (BTC-USD) at 9.78%. This indicates that CORZ'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

	CORZ	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.88%	9.78%	+11.10%
Volatility (6M) Calculated over the trailing 6-month period	48.62%	34.90%	+13.72%
Volatility (1Y) Calculated over the trailing 1-year period	63.55%	35.73%	+27.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.24%	43.96%	+44.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.24%	56.33%	+31.91%

Frequently Asked Questions

Can I hold both CORZ and BTC-USD in my portfolio?

CORZ and BTC-USD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CORZ or BTC-USD?

CORZ has higher volatility (20.88%) compared to BTC-USD (9.78%). In terms of maximum drawdown, CORZ dropped -64.95% vs BTC-USD's -85.30%.

Which has better risk-adjusted returns?

CORZ currently has the higher Sharpe Ratio (0.81 vs -1.07), 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.