CORZZ vs. BTC-USD
CORZZ (Core Scientific Inc. Tranche 2 Warrants) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, CORZZ returned 123.46% vs -39.53% for BTC-USD. At a 0.31 correlation, their price movements are largely independent.
Performance
CORZZ vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CORZZ achieves a 92.57% return, which is significantly higher than BTC-USD's -27.60% return.
CORZZ
- 1D
- -3.78%
- 1M
- 25.06%
- YTD
- 92.57%
- 6M
- 63.93%
- 1Y
- 123.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
CORZZ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 92.57% | 3.71% | 754.72% |
BTC-USD Bitcoin | -27.60% | -6.27% | 132.93% |
Correlation
The correlation between CORZZ and BTC-USD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.31 |
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Return for Risk
CORZZ vs. BTC-USD — Risk / Return Rank
CORZZ
BTC-USD
CORZZ vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Scientific Inc. Tranche 2 Warrants (CORZZ) 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.
| CORZZ | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.67 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.87 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | -0.80 | +3.87 |
| Martin ratioReturn relative to average drawdown | 5.83 | -1.39 | +7.23 |
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
| CORZZ | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | -0.92 | +2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.41 | 1.13 | +1.28 |
Drawdowns
CORZZ vs. BTC-USD - Drawdown Comparison
The maximum CORZZ drawdown since its inception was -65.20%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CORZZ and BTC-USD.
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Drawdown Indicators
| CORZZ | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.20% | -85.30% | +20.10% |
Max Drawdown (1Y)Largest decline over 1 year | -40.39% | -49.65% | +9.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
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 | -3.78% | -49.21% | +45.43% |
Average DrawdownAverage peak-to-trough decline | -21.54% | -42.28% | +20.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.25% | 33.87% | -12.62% |
Volatility
CORZZ vs. BTC-USD - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 19.89% compared to Bitcoin (BTC-USD) at 10.14%. This indicates that CORZZ'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
| CORZZ | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 10.14% | +9.75% |
Volatility (6M)Calculated over the trailing 6-month period | 47.16% | 34.17% | +12.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.25% | 35.51% | +37.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.32% | 44.98% | +52.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.32% | 56.69% | +40.63% |
Frequently Asked Questions
CORZZ and BTC-USD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CORZZ has higher volatility (19.89%) compared to BTC-USD (10.14%). In terms of maximum drawdown, CORZZ dropped -65.20% vs BTC-USD's -85.30%.
CORZZ currently has the higher Sharpe Ratio (1.70 vs -0.92), 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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