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DEFI vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between DEFI and BTC-USD is 0.33, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

DEFI vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hashdex Bitcoin Futures ETF (DEFI) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

200.00%250.00%300.00%350.00%400.00%NovemberDecember2025FebruaryMarchApril
333.72%
375.12%
DEFI
BTC-USD

Key characteristics

Sharpe Ratio

DEFI:

0.76

BTC-USD:

2.03

Sortino Ratio

DEFI:

1.36

BTC-USD:

2.63

Omega Ratio

DEFI:

1.16

BTC-USD:

1.27

Calmar Ratio

DEFI:

1.44

BTC-USD:

1.83

Martin Ratio

DEFI:

3.17

BTC-USD:

9.11

Ulcer Index

DEFI:

12.97%

BTC-USD:

11.34%

Daily Std Dev

DEFI:

54.21%

BTC-USD:

42.81%

Max Drawdown

DEFI:

-28.47%

BTC-USD:

-93.07%

Current Drawdown

DEFI:

-11.68%

BTC-USD:

-11.50%

Returns By Period

In the year-to-date period, DEFI achieves a 1.19% return, which is significantly higher than BTC-USD's 0.55% return.


DEFI

YTD

1.19%

1M

9.66%

6M

41.19%

1Y

45.04%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

0.55%

1M

8.10%

6M

40.97%

1Y

45.69%

5Y*

65.05%

10Y*

82.80%

*Annualized

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Risk-Adjusted Performance

DEFI vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DEFI
The Risk-Adjusted Performance Rank of DEFI is 7777
Overall Rank
The Sharpe Ratio Rank of DEFI is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of DEFI is 7878
Sortino Ratio Rank
The Omega Ratio Rank of DEFI is 7272
Omega Ratio Rank
The Calmar Ratio Rank of DEFI is 8989
Calmar Ratio Rank
The Martin Ratio Rank of DEFI is 7474
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9191
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8686
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8888
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DEFI vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Hashdex Bitcoin Futures ETF (DEFI) 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.


The chart of Sharpe ratio for DEFI, currently valued at 1.79, compared to the broader market-1.000.001.002.003.004.00
DEFI: 1.79
BTC-USD: 1.90
The chart of Sortino ratio for DEFI, currently valued at 2.43, compared to the broader market-2.000.002.004.006.008.00
DEFI: 2.43
BTC-USD: 2.52
The chart of Omega ratio for DEFI, currently valued at 1.28, compared to the broader market0.501.001.502.002.50
DEFI: 1.28
BTC-USD: 1.26
The chart of Calmar ratio for DEFI, currently valued at 1.58, compared to the broader market0.002.004.006.008.0010.0012.00
DEFI: 1.58
BTC-USD: 1.68
The chart of Martin ratio for DEFI, currently valued at 7.91, compared to the broader market0.0020.0040.0060.00
DEFI: 7.91
BTC-USD: 8.51

The current DEFI Sharpe Ratio is 0.76, which is lower than the BTC-USD Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of DEFI and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.79
1.90
DEFI
BTC-USD

Drawdowns

DEFI vs. BTC-USD - Drawdown Comparison

The maximum DEFI drawdown since its inception was -28.47%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for DEFI and BTC-USD. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-11.68%
-11.50%
DEFI
BTC-USD

Volatility

DEFI vs. BTC-USD - Volatility Comparison

Hashdex Bitcoin Futures ETF (DEFI) and Bitcoin (BTC-USD) have volatilities of 15.95% and 16.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
15.95%
16.24%
DEFI
BTC-USD