GBPUSD=X vs. BTC-USD
GBPUSD=X (GBP/USD) is a currency, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, GBPUSD=X returned 0.29%/yr vs 59.66%/yr for BTC-USD. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
GBPUSD=X vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, GBPUSD=X achieves a 0.22% return, which is significantly higher than BTC-USD's -27.75% return. Over the past 10 years, GBPUSD=X has underperformed BTC-USD with an annualized return of 0.29%, while BTC-USD has yielded a comparatively higher 59.66% annualized return.
GBPUSD=X
- 1D
- 0.08%
- 1M
- 1.06%
- 6M
- -1.43%
- YTD
- 0.22%
- 1Y
- 1.61%
- 3Y*
- 2.00%
- 5Y*
- -0.62%
- 10Y*
- 0.29%
- ALL TIME*
- -2.14%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
GBPUSD=X vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between GBPUSD=X and BTC-USD is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2012 | 0.07 |
Over the past year, GBPUSD=X and BTC-USD have become more correlated (0.29) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
GBPUSD=X vs. BTC-USD — Risk / Return Rank
GBPUSD=X
BTC-USD
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.
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.
| GBPUSD=X | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.85 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.83 | +1.09 |
| Martin ratioReturn relative to average drawdown | 0.48 | -1.27 | +1.75 |
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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.
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Drawdown Indicators
| GBPUSD=X | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.29% | -85.30% | +36.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.89% | -53.08% | +48.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.34% | -53.08% | +43.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -76.67% | +53.40% |
Max Drawdown (10Y)Largest decline over 10 years | -25.46% | -83.80% | +58.34% |
Current DrawdownCurrent decline from peak | -36.01% | -49.31% | +13.30% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -42.73% | +11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 24.94% | -22.31% |
Volatility
GBPUSD=X vs. BTC-USD - Volatility Comparison
The current volatility for GBP/USD (GBPUSD=X) is 1.88%, while Bitcoin (BTC-USD) has a volatility of 8.45%. 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.
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Volatility by Period
| GBPUSD=X | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 8.45% | -6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 33.72% | -29.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 35.86% | -29.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 43.65% | -35.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.55% | 56.22% | -47.67% |
Frequently Asked Questions
GBPUSD=X and BTC-USD have a correlation of 0.29, 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 (8.45%) compared to GBPUSD=X (1.88%). In terms of maximum drawdown, GBPUSD=X dropped -49.29% vs BTC-USD's -85.30%.
GBPUSD=X currently has the higher Sharpe Ratio (0.21 vs -1.02), 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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