EZBC vs. BTC-USD
EZBC (Franklin Bitcoin ETF) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, EZBC returned -47.53% vs -47.54% for BTC-USD. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
EZBC vs. BTC-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EZBC having a -28.97% return and BTC-USD slightly higher at -28.58%.
EZBC
- 1D
- -2.68%
- 1M
- -2.20%
- 6M
- -32.06%
- YTD
- -28.97%
- 1Y
- -47.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
EZBC vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EZBC Franklin Bitcoin ETF | -28.97% | -6.56% | 87.83% |
BTC-USD Bitcoin | -28.58% | -6.27% | 100.05% |
Correlation
The correlation between EZBC and BTC-USD is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.72 |
The correlation between EZBC and BTC-USD has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.
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Return for Risk
EZBC vs. BTC-USD — Risk / Return Rank
EZBC
BTC-USD
EZBC vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Bitcoin ETF (EZBC) 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.
| EZBC | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.83 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.90 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.45 | -1.46 | 0.00 |
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Drawdowns
EZBC vs. BTC-USD - Drawdown Comparison
The maximum EZBC drawdown since its inception was -53.35%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for EZBC and BTC-USD.
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Drawdown Indicators
| EZBC | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -85.30% | +31.95% |
Max Drawdown (1Y)Largest decline over 1 year | -53.35% | -53.08% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
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 | -50.56% | -49.89% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -17.60% | -42.55% | +24.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.70% | 28.99% | +3.71% |
Volatility
EZBC vs. BTC-USD - Volatility Comparison
Franklin Bitcoin ETF (EZBC) has a higher volatility of 11.44% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that EZBC'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
| EZBC | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.44% | 8.86% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 34.78% | 34.96% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.31% | 35.56% | +8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.90% | 43.94% | +5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.90% | 56.32% | -6.42% |
Frequently Asked Questions
EZBC and BTC-USD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZBC has higher volatility (11.44%) compared to BTC-USD (8.86%). In terms of maximum drawdown, EZBC dropped -53.35% vs BTC-USD's -85.30%.
EZBC currently has the higher Sharpe Ratio (-1.08 vs -1.11), 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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