GLXY.TO vs. BTC-USD

Last updated Jun 5, 2026

GLXY.TO (Galaxy Digital Holdings Ltd.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. At a 0.27 correlation, their price movements are largely independent.

Performance

GLXY.TO vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Galaxy Digital Holdings Ltd. (GLXY.TO) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLXY.TO is traded in CAD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to CAD using the latest available exchange rates.

Returns By Period

GLXY.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 0.00%
• 1M: -19.24%
• YTD: -25.88%
• 6M: -30.77%
• 1Y: -37.89%
• 3Y*: 37.00%
• 5Y*: 14.88%
• 10Y*: 61.18%

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

GLXY.TO vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLXY.TO Galaxy Digital Holdings Ltd.	-8.04%	22.97%	141.92%	166.93%	-82.91%	107.80%	928.30%	6.00%	-20.87%	-33.33%
BTC-USD Bitcoin	-26.61%	-10.57%	139.80%	149.06%	-61.52%	57.96%	297.73%	84.55%	-72.50%	1,319.38%

Correlation

The correlation between GLXY.TO and BTC-USD is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012	0.27

The correlation between GLXY.TO and BTC-USD shifts across timeframes, from 0.27 (all time) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GLXY.TO vs. BTC-USD — Risk / Return Rank

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

BTC-USD

BTC-USD Risk / Return Rank: 30
BTC-USD Sharpe Ratio Rank: 16
BTC-USD Sortino Ratio Rank: 34
BTC-USD Omega Ratio Rank: 32
BTC-USD Calmar Ratio Rank: 48
BTC-USD Martin Ratio Rank: 21

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.

GLXY.TO vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Galaxy Digital Holdings Ltd. (GLXY.TO) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GLXY.TO	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.89	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.19	—

Drawdowns

Drawdown Indicators

	GLXY.TO	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	—	-83.55%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-50.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-50.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-74.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.53%	—
Current Drawdown Current decline from peak	—	-48.82%	—
Average Drawdown Average peak-to-trough decline	—	-39.96%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	34.53%	—

Volatility

Volatility by Period

	GLXY.TO	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	35.26%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	43.64%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	55.23%	—

Frequently Asked Questions

Can I hold both GLXY.TO and BTC-USD in my portfolio?

GLXY.TO and BTC-USD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.