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 81.37% vs -47.54% for BTC-USD. At a 0.30 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 55.30% return, which is significantly higher than BTC-USD's -28.58% return.
CORZZ
- 1D
- -5.70%
- 1M
- -17.80%
- 6M
- 29.62%
- YTD
- 55.30%
- 1Y
- 81.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
CORZZ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 55.30% | 3.71% | 601.00% |
BTC-USD Bitcoin | -28.58% | -6.27% | 134.10% |
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 24, 2024 | 0.30 |
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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.
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.
| CORZZ | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.83 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.90 | +2.92 |
| Martin ratioReturn relative to average drawdown | 4.25 | -1.46 | +5.71 |
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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% | -53.08% | +12.69% |
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 DrawdownCurrent decline from peak | -22.41% | -49.89% | +27.48% |
Average DrawdownAverage peak-to-trough decline | -21.16% | -42.55% | +21.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.20% | 28.99% | -9.79% |
Volatility
CORZZ vs. BTC-USD - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 19.27% compared to Bitcoin (BTC-USD) at 8.86%. 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 | 19.27% | 8.86% | +10.41% |
Volatility (6M)Calculated over the trailing 6-month period | 48.20% | 34.96% | +13.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.27% | 35.56% | +28.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.06% | 43.94% | +53.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.06% | 56.32% | +40.74% |
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 (19.27%) compared to BTC-USD (8.86%). In terms of maximum drawdown, CORZZ dropped -65.20% vs BTC-USD's -85.30%.
CORZZ currently has the higher Sharpe Ratio (1.28 vs -1.11), 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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