FEZ vs. BTC-USD
FEZ (SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, FEZ returned 10.66%/yr vs 59.68%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
FEZ vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FEZ achieves a 4.68% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, FEZ has underperformed BTC-USD with an annualized return of 10.66%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
FEZ
- 1D
- 0.63%
- 1M
- 0.33%
- YTD
- 4.68%
- 6M
- 6.49%
- 1Y
- 15.20%
- 3Y*
- 17.76%
- 5Y*
- 9.78%
- 10Y*
- 10.66%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
FEZ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEZ SPDR EURO STOXX 50 ETF | 4.68% | 37.81% | 3.57% | 27.16% | -14.27% | 14.84% | 4.84% | 26.04% | -15.85% | 24.80% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between FEZ and BTC-USD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.13 |
The correlation between FEZ and BTC-USD shifts across timeframes, from 0.13 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FEZ vs. BTC-USD — Risk / Return Rank
FEZ
BTC-USD
FEZ vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR EURO STOXX 50 ETF (FEZ) 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.
| FEZ | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.86 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.80 | +1.92 |
| Martin ratioReturn relative to average drawdown | 3.81 | -1.42 | +5.23 |
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
| FEZ | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | -0.95 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.20 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.87 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.13 | -0.83 |
Drawdowns
FEZ vs. BTC-USD - Drawdown Comparison
The maximum FEZ drawdown since its inception was -64.21%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FEZ and BTC-USD.
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Drawdown Indicators
| FEZ | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.21% | -85.30% | +21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -51.21% | +37.58% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -51.21% | +35.36% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -76.67% | +41.62% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -83.80% | +44.11% |
Current DrawdownCurrent decline from peak | -2.79% | -49.86% | +47.07% |
Average DrawdownAverage peak-to-trough decline | -17.07% | -42.32% | +25.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 34.46% | -30.46% |
Volatility
FEZ vs. BTC-USD - Volatility Comparison
The current volatility for SPDR EURO STOXX 50 ETF (FEZ) is 5.64%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that FEZ experiences smaller price fluctuations and is considered to be less risky 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
| FEZ | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 11.59% | -5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 34.53% | -19.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 35.67% | -17.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.64% | 44.95% | -24.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 56.71% | -35.59% |
Frequently Asked Questions
FEZ and BTC-USD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to FEZ (5.64%). In terms of maximum drawdown, FEZ dropped -64.21% vs BTC-USD's -85.30%.
FEZ currently has the higher Sharpe Ratio (0.84 vs -0.95), 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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