DAVE vs. BTC-USD
DAVE (Dave Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, DAVE returned -2.05%/yr vs 10.30%/yr for BTC-USD. At a 0.16 correlation, their price movements are largely independent.
Performance
DAVE vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DAVE achieves a 29.52% return, which is significantly higher than BTC-USD's -25.06% return.
DAVE
- 1D
- 0.47%
- 1M
- 21.63%
- YTD
- 29.52%
- 6M
- 45.12%
- 1Y
- 37.72%
- 3Y*
- 269.82%
- 5Y*
- -2.05%
- 10Y*
- —
BTC-USD
- 1D
- 2.42%
- 1M
- -17.06%
- YTD
- -25.06%
- 6M
- -25.64%
- 1Y
- -37.83%
- 3Y*
- 36.87%
- 5Y*
- 10.30%
- 10Y*
- 55.97%
DAVE vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between DAVE and BTC-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021 | 0.16 |
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Return for Risk
DAVE vs. BTC-USD — Risk / Return Rank
DAVE
BTC-USD
DAVE vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dave Inc. (DAVE) 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.
| DAVE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.88 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.74 | +1.20 |
| Martin ratioReturn relative to average drawdown | 0.82 | -1.28 | +2.10 |
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Drawdowns
DAVE vs. BTC-USD - Drawdown Comparison
The maximum DAVE drawdown since its inception was -99.01%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for DAVE and BTC-USD.
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Drawdown Indicators
| DAVE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -85.30% | -13.71% |
Max Drawdown (1Y)Largest decline over 1 year | -44.67% | -51.21% | +6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -44.67% | -51.21% | +6.54% |
Max Drawdown (5Y)Largest decline over 5 years | -99.01% | -76.67% | -22.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -37.33% | -47.43% | +10.10% |
Average DrawdownAverage peak-to-trough decline | -68.91% | -42.37% | -26.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.93% | 35.28% | -10.35% |
Volatility
DAVE vs. BTC-USD - Volatility Comparison
Dave Inc. (DAVE) has a higher volatility of 18.61% compared to Bitcoin (BTC-USD) at 12.10%. This indicates that DAVE'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
| DAVE | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.61% | 12.10% | +6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 48.97% | 34.64% | +14.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.00% | 35.63% | +38.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.44% | 44.55% | +53.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.16% | 56.61% | +40.55% |
Frequently Asked Questions
DAVE and BTC-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAVE has higher volatility (18.61%) compared to BTC-USD (12.10%). In terms of maximum drawdown, DAVE dropped -99.01% vs BTC-USD's -85.30%.
DAVE currently has the higher Sharpe Ratio (0.28 vs -0.88), 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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