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 -39.76% vs -40.30% 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 -28.83% return and BTC-USD slightly higher at -28.07%.
EZBC
- 1D
- -3.22%
- 1M
- -17.79%
- YTD
- -28.83%
- 6M
- -28.96%
- 1Y
- -39.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
EZBC vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EZBC Franklin Bitcoin ETF | -28.83% | -6.56% | 87.83% |
BTC-USD Bitcoin | -28.07% | -6.27% | 100.05% |
Correlation
The correlation between EZBC and BTC-USD is 0.72, 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 | 0.72 |
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 0.72 - 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 | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.86 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.79 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.32 | +0.02 |
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Drawdowns
EZBC vs. BTC-USD - Drawdown Comparison
The maximum EZBC drawdown since its inception was -52.07%, 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 | -52.07% | -85.30% | +33.23% |
Max Drawdown (1Y)Largest decline over 1 year | -52.07% | -51.21% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.21% | — |
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 | -50.46% | -49.54% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -42.40% | +25.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.56% | 31.29% | -0.73% |
Volatility
EZBC vs. BTC-USD - Volatility Comparison
Franklin Bitcoin ETF (EZBC) has a higher volatility of 13.04% compared to Bitcoin (BTC-USD) at 12.23%. 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 | 13.04% | 12.23% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 34.61% | 34.57% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.23% | 35.70% | +8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.15% | 44.26% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.15% | 56.41% | -6.26% |
Frequently Asked Questions
EZBC and BTC-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZBC has higher volatility (13.04%) compared to BTC-USD (12.23%). In terms of maximum drawdown, EZBC dropped -52.07% vs BTC-USD's -85.30%.
EZBC currently has the higher Sharpe Ratio (-0.90 vs -0.94), 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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