ENOV vs. BTC-USD
ENOV (Enovis Corp) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ENOV returned -7.63%/yr vs 59.71%/yr for BTC-USD. At a 0.08 correlation, their price movements are largely independent.
Performance
ENOV vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ENOV achieves a -14.19% return, which is significantly higher than BTC-USD's -27.60% return. Over the past 10 years, ENOV has underperformed BTC-USD with an annualized return of -7.63%, while BTC-USD has yielded a comparatively higher 59.71% annualized return.
ENOV
- 1D
- 6.03%
- 1M
- -5.22%
- YTD
- -14.19%
- 6M
- -18.24%
- 1Y
- -28.18%
- 3Y*
- -25.55%
- 5Y*
- -21.93%
- 10Y*
- -7.63%
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
ENOV vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENOV Enovis Corp | -14.19% | -39.29% | -21.67% | 4.67% | -32.36% | 20.21% | 5.11% | 74.07% | -47.25% | 10.27% |
BTC-USD Bitcoin | -27.60% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between ENOV 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 (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012 | 0.08 |
The correlation between ENOV and BTC-USD shifts across timeframes, from 0.08 (all time) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENOV vs. BTC-USD — Risk / Return Rank
ENOV
BTC-USD
ENOV vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enovis Corp (ENOV) 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.
| ENOV | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.87 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.80 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.39 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENOV | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | -0.92 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.57 | 0.23 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.18 | 0.88 | -1.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 1.13 | -1.18 |
Drawdowns
ENOV vs. BTC-USD - Drawdown Comparison
The maximum ENOV drawdown since its inception was -83.36%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for ENOV and BTC-USD.
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Drawdown Indicators
| ENOV | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.36% | -85.30% | +1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -40.29% | -49.65% | +9.36% |
Max Drawdown (3Y)Largest decline over 3 years | -67.26% | -49.65% | -17.61% |
Max Drawdown (5Y)Largest decline over 5 years | -76.46% | -76.67% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -76.46% | -83.80% | +7.34% |
Current DrawdownCurrent decline from peak | -82.27% | -49.21% | -33.06% |
Average DrawdownAverage peak-to-trough decline | -45.93% | -42.28% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.44% | 33.87% | -8.43% |
Volatility
ENOV vs. BTC-USD - Volatility Comparison
Enovis Corp (ENOV) has a higher volatility of 20.32% compared to Bitcoin (BTC-USD) at 10.14%. This indicates that ENOV'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
| ENOV | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.32% | 10.14% | +10.18% |
Volatility (6M)Calculated over the trailing 6-month period | 40.40% | 34.17% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.31% | 35.51% | +18.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.70% | 44.98% | -6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.34% | 56.69% | -14.35% |
Frequently Asked Questions
ENOV 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.
ENOV has higher volatility (20.32%) compared to BTC-USD (10.14%). In terms of maximum drawdown, ENOV dropped -83.36% vs BTC-USD's -85.30%.
ENOV currently has the higher Sharpe Ratio (-0.52 vs -0.92), 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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