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.
Key characteristics
| CORZZ | BTC-USD | |
|---|---|---|
| Daily Std Dev | 121.94% | 44.51% |
| Max Drawdown | -59.61% | -93.07% |
| Current Drawdown | -3.08% | -0.84% |
Correlation
The correlation between CORZZ and BTC-USD is 0.32, 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
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 22.12% compared to Bitcoin (BTC-USD) at 16.08%. 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.