GLXY vs. BTC-USD

Last updated Jun 24, 2026

GLXY (Galaxy Digital Holdings Ltd) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, GLXY returned 69.73% vs -40.30% for BTC-USD. At a 0.49 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 40.21% return, which is significantly higher than BTC-USD's -28.07% return.

GLXY

• 1D: -5.34%
• 1M: 9.42%
• YTD: 40.21%
• 6M: 27.49%
• 1Y: 69.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: -1.58%
• 1M: -18.24%
• YTD: -28.07%
• 6M: -28.01%
• 1Y: -40.30%
• 3Y*: 27.25%
• 5Y*: 12.68%
• 10Y*: 57.41%

*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	40.21%	-4.85%
BTC-USD Bitcoin	-28.07%	-15.69%

Correlation

The correlation between GLXY and BTC-USD is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since May 16, 2025	0.49

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: 65
GLXY Sharpe Ratio Rank: 67
GLXY Sortino Ratio Rank: 68
GLXY Omega Ratio Rank: 64
GLXY Calmar Ratio Rank: 65
GLXY Martin Ratio Rank: 63

BTC-USD

BTC-USD Risk / Return Rank: 21
BTC-USD Sharpe Ratio Rank: 7
BTC-USD Sortino Ratio Rank: 25
BTC-USD Omega Ratio Rank: 25
BTC-USD Calmar Ratio Rank: 36
BTC-USD Martin Ratio Rank: 12

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	0.78	-0.94	+1.72
Sortino ratio: Return per unit of downside risk	1.57	-1.33	+2.89
Omega ratio: Gain probability vs. loss probability	1.18	0.86	+0.32
Calmar ratio: Return relative to maximum drawdown	1.15	-0.79	+1.94
Martin ratio: Return relative to average drawdown	2.10	-1.32	+3.43

GLXY vs. BTC-USD - Sharpe Ratio Comparison

The current GLXY Sharpe Ratio is 0.78, which is higher than the BTC-USD Sharpe Ratio of -0.94. 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%	-51.21%	-9.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-51.21%	—
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	-26.85%	-49.54%	+22.69%
Average Drawdown Average peak-to-trough decline	-27.82%	-42.40%	+14.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.26%	31.29%	+1.97%

Volatility

GLXY vs. BTC-USD - Volatility Comparison

Galaxy Digital Holdings Ltd (GLXY) has a higher volatility of 30.19% compared to Bitcoin (BTC-USD) at 12.23%. 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	30.19%	12.23%	+17.96%
Volatility (6M) Calculated over the trailing 6-month period	67.60%	34.57%	+33.03%
Volatility (1Y) Calculated over the trailing 1-year period	90.38%	35.70%	+54.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.18%	44.26%	+44.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.18%	56.41%	+32.77%

Frequently Asked Questions

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

GLXY and BTC-USD have a correlation of 0.50, 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 (30.19%) compared to BTC-USD (12.23%). 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 (0.78 vs -0.94), 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.