CORZZ vs. BTC-USD
Compare and contrast key facts about Core Scientific Inc. Tranche 2 Warrants (CORZZ) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CORZZ or BTC-USD.
Correlation
The correlation between CORZZ and BTC-USD is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CORZZ vs. BTC-USD - Performance Comparison
Key characteristics
CORZZ:
115.52%
BTC-USD:
44.18%
CORZZ:
-59.61%
BTC-USD:
-93.07%
CORZZ:
-21.99%
BTC-USD:
-12.87%
Returns By Period
In the year-to-date period, CORZZ achieves a 1.21% return, which is significantly higher than BTC-USD's -1.01% return.
CORZZ
1.21%
-10.25%
45.69%
N/A
N/A
N/A
BTC-USD
-1.01%
-4.34%
61.28%
98.35%
63.00%
79.40%
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Risk-Adjusted Performance
CORZZ vs. BTC-USD — Risk-Adjusted Performance Rank
CORZZ
BTC-USD
CORZZ vs. BTC-USD - Risk-Adjusted Performance 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.
Drawdowns
CORZZ vs. BTC-USD - Drawdown Comparison
The maximum CORZZ drawdown since its inception was -59.61%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for CORZZ and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
CORZZ vs. BTC-USD - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 18.38% compared to Bitcoin (BTC-USD) at 13.71%. 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.