CORZ vs. BTC-USD

Last updated Jun 26, 2026

CORZ (Core Scientific, Inc) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, CORZ returned 121.71% vs -44.53% for BTC-USD. At a 0.34 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 87.29% return, which is significantly higher than BTC-USD's -31.91% return.

CORZ

• 1D: -1.87%
• 1M: 3.41%
• YTD: 87.29%
• 6M: 75.14%
• 1Y: 121.71%
• 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%

*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	87.29%	3.63%	153.15%
BTC-USD Bitcoin	-31.91%	-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	0.35

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: 83
CORZ Sharpe Ratio Rank: 86
CORZ Sortino Ratio Rank: 83
CORZ Omega Ratio Rank: 82
CORZ Calmar Ratio Rank: 85
CORZ Martin Ratio Rank: 80

BTC-USD

BTC-USD Risk / Return Rank: 21
BTC-USD Sharpe Ratio Rank: 6
BTC-USD Sortino Ratio Rank: 28
BTC-USD Omega Ratio Rank: 26
BTC-USD Calmar Ratio Rank: 36
BTC-USD Martin Ratio Rank: 7

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	1.70	-1.04	+2.74
Sortino ratio: Return per unit of downside risk	2.36	-1.54	+3.90
Omega ratio: Gain probability vs. loss probability	1.30	0.84	+0.46
Calmar ratio: Return relative to maximum drawdown	3.00	-0.85	+3.86
Martin ratio: Return relative to average drawdown	5.82	-1.45	+7.27

CORZ vs. BTC-USD - Sharpe Ratio Comparison

The current CORZ Sharpe Ratio is 1.70, which is higher than the BTC-USD Sharpe Ratio of -1.04. 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%	-52.23%	+11.49%
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 Drawdown Current decline from peak	-6.48%	-52.23%	+45.75%
Average Drawdown Average peak-to-trough decline	-23.29%	-42.42%	+19.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	31.57%	-10.57%

Volatility

CORZ vs. BTC-USD - Volatility Comparison

Core Scientific, Inc (CORZ) has a higher volatility of 16.59% compared to Bitcoin (BTC-USD) at 12.44%. 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	16.59%	12.44%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	45.67%	34.75%	+10.92%
Volatility (1Y) Calculated over the trailing 1-year period	71.94%	35.63%	+36.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.25%	44.15%	+44.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.25%	56.40%	+31.85%

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 (16.59%) compared to BTC-USD (12.44%). 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 (1.70 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.