CRDO vs. BTC-USD
CRDO (Credo Technology Group Holding Ltd) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, CRDO returned 152.76%/yr vs 27.51%/yr for BTC-USD. At a 0.20 correlation, their price movements are largely independent.
Performance
CRDO vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CRDO achieves a 84.62% return, which is significantly higher than BTC-USD's -27.93% return.
CRDO
- 1D
- 2.69%
- 1M
- 13.37%
- 6M
- 87.62%
- YTD
- 84.62%
- 1Y
- 172.21%
- 3Y*
- 152.76%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 1.32%
- 1M
- 2.22%
- 6M
- -30.73%
- YTD
- -27.93%
- 1Y
- -43.34%
- 3Y*
- 27.51%
- 5Y*
- 13.47%
- 10Y*
- 57.99%
CRDO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CRDO Credo Technology Group Holding Ltd | 84.62% | 114.09% | 245.20% | 46.28% | 10.00% |
BTC-USD Bitcoin | -27.93% | -6.27% | 120.76% | 155.82% | -55.13% |
Correlation
The correlation between CRDO and BTC-USD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.20 |
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Return for Risk
CRDO vs. BTC-USD — Risk / Return Rank
CRDO
BTC-USD
CRDO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credo Technology Group Holding Ltd (CRDO) 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.
| CRDO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.95 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.85 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | -0.82 | +4.05 |
| Martin ratioReturn relative to average drawdown | 7.72 | -1.34 | +9.06 |
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Drawdowns
CRDO vs. BTC-USD - Drawdown Comparison
The maximum CRDO drawdown since its inception was -62.04%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CRDO and BTC-USD.
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Drawdown Indicators
| CRDO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.04% | -85.30% | +23.26% |
Max Drawdown (1Y)Largest decline over 1 year | -53.59% | -53.08% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -61.05% | -53.08% | -7.97% |
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 | -12.19% | -49.44% | +37.25% |
Average DrawdownAverage peak-to-trough decline | -19.26% | -42.53% | +23.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.41% | 31.20% | -8.79% |
Volatility
CRDO vs. BTC-USD - Volatility Comparison
Credo Technology Group Holding Ltd (CRDO) has a higher volatility of 33.32% compared to Bitcoin (BTC-USD) at 9.25%. This indicates that CRDO'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
| CRDO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.32% | 9.25% | +24.07% |
Volatility (6M)Calculated over the trailing 6-month period | 70.16% | 34.87% | +35.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.38% | 35.75% | +53.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.11% | 43.96% | +38.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.11% | 56.32% | +25.79% |
Frequently Asked Questions
CRDO and BTC-USD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRDO has higher volatility (33.32%) compared to BTC-USD (9.25%). In terms of maximum drawdown, CRDO dropped -62.04% vs BTC-USD's -85.30%.
CRDO currently has the higher Sharpe Ratio (1.94 vs -1.01), 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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