GLXY vs. BTC-USD

Last updated Jul 14, 2026

GLXY (Galaxy Digital Holdings Ltd) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, GLXY returned 13.18% vs -47.54% for BTC-USD. At a 0.48 correlation, their price movements are largely independent.

Performance

GLXY vs. BTC-USD - Performance Comparison

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

Returns By Period

In the year-to-date period, GLXY achieves a 4.43% return, which is significantly higher than BTC-USD's -28.58% return.

GLXY

• 1D: -6.15%
• 1M: -30.01%
• 6M: -8.40%
• YTD: 4.43%
• 1Y: 13.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: -1.96%
• 1M: -3.01%
• 6M: -31.47%
• YTD: -28.58%
• 1Y: -47.54%
• 3Y*: 27.25%
• 5Y*: 13.75%
• 10Y*: 57.45%

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

GLXY vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025
GLXY Galaxy Digital Holdings Ltd	4.43%	-4.85%
BTC-USD Bitcoin	-28.58%	-15.69%

Correlation

The correlation between GLXY and BTC-USD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since May 16, 2025	0.48

Return for Risk

GLXY vs. BTC-USD — Risk / Return Rank

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

GLXY

GLXY Risk / Return Rank: 52
GLXY Sharpe Ratio Rank: 52
GLXY Sortino Ratio Rank: 56
GLXY Omega Ratio Rank: 54
GLXY Calmar Ratio Rank: 51
GLXY Martin Ratio Rank: 50

BTC-USD

BTC-USD Risk / Return Rank: 18
BTC-USD Sharpe Ratio Rank: 3
BTC-USD Sortino Ratio Rank: 26
BTC-USD Omega Ratio Rank: 22
BTC-USD Calmar Ratio Rank: 34
BTC-USD Martin Ratio Rank: 5

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 vs. BTC-USD - Risk-Adjusted Trends Comparison

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

	GLXY	BTC-USD	Difference
Sharpe ratio: Return per unit of total volatility	0.15	-1.11	+1.26
Sortino ratio: Return per unit of downside risk	0.87	-1.71	+2.58
Omega ratio: Gain probability vs. loss probability	1.10	0.83	+0.27
Calmar ratio: Return relative to maximum drawdown	0.22	-0.90	+1.11
Martin ratio: Return relative to average drawdown	0.38	-1.46	+1.84

GLXY vs. BTC-USD - Sharpe Ratio Comparison

The current GLXY Sharpe Ratio is 0.15, which is higher than the BTC-USD Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of GLXY and BTC-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLXY vs. BTC-USD - Drawdown Comparison

The maximum GLXY drawdown since its inception was -60.71%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for GLXY and BTC-USD.

Drawdown Indicators

	GLXY	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-60.71%	-85.30%	+24.59%
Max Drawdown (1Y) Largest decline over 1 year	-60.71%	-53.08%	-7.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-53.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-45.52%	-49.89%	+4.37%
Average Drawdown Average peak-to-trough decline	-28.32%	-42.55%	+14.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.40%	28.99%	+5.41%

Volatility

GLXY vs. BTC-USD - Volatility Comparison

Galaxy Digital Holdings Ltd (GLXY) has a higher volatility of 19.46% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that GLXY'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.

Volatility by Period

	GLXY	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.46%	8.86%	+10.60%
Volatility (6M) Calculated over the trailing 6-month period	67.81%	34.96%	+32.85%
Volatility (1Y) Calculated over the trailing 1-year period	90.17%	35.56%	+54.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.33%	43.94%	+44.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.33%	56.32%	+32.01%

Frequently Asked Questions

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

GLXY and BTC-USD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLXY or BTC-USD?

GLXY has higher volatility (19.46%) compared to BTC-USD (8.86%). In terms of maximum drawdown, GLXY dropped -60.71% vs BTC-USD's -85.30%.

Which has better risk-adjusted returns?

GLXY currently has the higher Sharpe Ratio (0.15 vs -1.11), 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.