EGLD-USD vs. BTC-USD
EGLD-USD (Elrond) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, EGLD-USD returned -48.61%/yr vs 14.32%/yr for BTC-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
EGLD-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, EGLD-USD achieves a -44.48% return, which is significantly lower than BTC-USD's -26.96% return.
EGLD-USD
- 1D
- 5.50%
- 1M
- 7.34%
- 6M
- -50.56%
- YTD
- -44.48%
- 1Y
- -79.87%
- 3Y*
- -56.40%
- 5Y*
- -48.61%
- 10Y*
- —
BTC-USD
- 1D
- 0.21%
- 1M
- 0.58%
- 6M
- -29.67%
- YTD
- -26.96%
- 1Y
- -45.60%
- 3Y*
- 26.63%
- 5Y*
- 14.32%
- 10Y*
- 57.94%
EGLD-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between EGLD-USD and BTC-USD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020 | 0.59 |
The correlation between EGLD-USD and BTC-USD has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
EGLD-USD vs. BTC-USD — Risk / Return Rank
EGLD-USD
BTC-USD
EGLD-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elrond (EGLD-USD) 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.
| EGLD-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.84 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.86 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.40 | +0.13 |
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Drawdowns
EGLD-USD vs. BTC-USD - Drawdown Comparison
The maximum EGLD-USD drawdown since its inception was -99.49%, 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 EGLD-USD and BTC-USD.
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Drawdown Indicators
| EGLD-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.49% | -85.30% | -14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -86.26% | -53.08% | -33.18% |
Max Drawdown (3Y)Largest decline over 3 years | -96.68% | -53.08% | -43.60% |
Max Drawdown (5Y)Largest decline over 5 years | -99.49% | -76.67% | -22.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.37% | -48.76% | -50.61% |
Average DrawdownAverage peak-to-trough decline | -78.11% | -42.54% | -35.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.33% | 29.22% | +25.11% |
Volatility
EGLD-USD vs. BTC-USD - Volatility Comparison
Elrond (EGLD-USD) has a higher volatility of 17.70% compared to Bitcoin (BTC-USD) at 8.77%. This indicates that EGLD-USD'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
| EGLD-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.70% | 8.77% | +8.93% |
Volatility (6M)Calculated over the trailing 6-month period | 51.26% | 34.92% | +16.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.22% | 35.53% | +31.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.60% | 43.94% | +30.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.25% | 56.32% | +28.93% |
Frequently Asked Questions
EGLD-USD and BTC-USD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGLD-USD has higher volatility (17.70%) compared to BTC-USD (8.77%). In terms of maximum drawdown, EGLD-USD dropped -99.49% vs BTC-USD's -85.30%.
EGLD-USD currently has the higher Sharpe Ratio (-0.99 vs -1.07), 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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