GBPUSD=X vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about GBP/USD (GBPUSD=X) and Bitcoin (BTC-USD).

Performance

GBPUSD=X vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GBP/USD (GBPUSD=X) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

GBPUSD=X vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GBPUSD=X GBP/USD	-1.65%	7.55%	-1.67%	5.28%	-10.69%	-0.91%	3.06%	4.01%	-5.66%	9.52%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, GBPUSD=X achieves a -1.65% return, which is significantly higher than BTC-USD's -23.70% return. Over the past 10 years, GBPUSD=X has underperformed BTC-USD with an annualized return of -0.75%, while BTC-USD has yielded a comparatively higher 66.03% annualized return.

GBPUSD=X

• 1D: -0.48%
• 1M: -0.90%
• YTD: -1.65%
• 6M: -1.51%
• 1Y: 1.82%
• 3Y*: 2.17%
• 5Y*: -0.86%
• 10Y*: -0.75%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GBPUSD=X vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GBPUSD=X

GBPUSD=X Risk / Return Rank: 38
GBPUSD=X Sharpe Ratio Rank: 51
GBPUSD=X Sortino Ratio Rank: 51
GBPUSD=X Omega Ratio Rank: 50
GBPUSD=X Calmar Ratio Rank: 20
GBPUSD=X Martin Ratio Rank: 17

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GBPUSD=X vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GBP/USD (GBPUSD=X) 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.

	GBPUSD=X	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.22	-0.43	+0.65
Sortino ratio Return per unit of downside risk	0.36	-0.36	+0.72
Omega ratio Gain probability vs. loss probability	1.04	0.96	+0.08
Calmar ratio Return relative to maximum drawdown	-0.53	-1.14	+0.61
Martin ratio Return relative to average drawdown	-1.03	-2.03	+1.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBPUSD=X vs. BTC-USD - Sharpe Ratio Comparison

The current GBPUSD=X Sharpe Ratio is 0.22, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of GBPUSD=X and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GBPUSD=X	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	-0.43	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.06	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	0.97	-1.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	1.18	-1.40

Correlation

The correlation between GBPUSD=X and BTC-USD is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

GBPUSD=X vs. BTC-USD - Drawdown Comparison

The maximum GBPUSD=X drawdown since its inception was -49.29%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for GBPUSD=X and BTC-USD.

Drawdown Indicators

	GBPUSD=X	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-49.29%	-85.30%	+36.01%
Max Drawdown (1Y) Largest decline over 1 year	-5.26%	-49.65%	+44.39%
Max Drawdown (5Y) Largest decline over 5 years	-24.78%	-76.67%	+51.89%
Max Drawdown (10Y) Largest decline over 10 years	-27.99%	-83.80%	+55.81%
Current Drawdown Current decline from peak	-37.20%	-46.47%	+9.27%
Average Drawdown Average peak-to-trough decline	-30.76%	-42.00%	+11.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	27.75%	-25.06%

Volatility

GBPUSD=X vs. BTC-USD - Volatility Comparison

The current volatility for GBP/USD (GBPUSD=X) is 2.56%, while Bitcoin (BTC-USD) has a volatility of 13.70%. This indicates that GBPUSD=X 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.

Volatility by Period

	GBPUSD=X	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	13.70%	-11.14%
Volatility (6M) Calculated over the trailing 6-month period	4.64%	35.96%	-31.32%
Volatility (1Y) Calculated over the trailing 1-year period	6.79%	36.69%	-29.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.28%	46.91%	-38.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.14%	56.71%	-47.57%