GOOGL vs. BTCO
GOOGL (Alphabet Inc. Class A) is a stock, while BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate. Over the past year, GOOGL returned 110.03% vs -39.40% for BTCO. At a 0.25 correlation, their price movements are largely independent.
Performance
GOOGL vs. BTCO - Performance Comparison
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Returns By Period
In the year-to-date period, GOOGL achieves a 16.22% return, which is significantly higher than BTCO's -27.65% return.
GOOGL
- 1D
- -1.36%
- 1M
- -9.30%
- YTD
- 16.22%
- 6M
- 15.96%
- 1Y
- 110.03%
- 3Y*
- 44.20%
- 5Y*
- 24.94%
- 10Y*
- 25.89%
BTCO
- 1D
- 5.10%
- 1M
- -20.91%
- YTD
- -27.65%
- 6M
- -30.32%
- 1Y
- -39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOGL vs. BTCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 16.22% | 65.99% | 33.72% |
BTCO Invesco Galaxy Bitcoin ETF | -27.65% | -6.58% | 100.54% |
Correlation
The correlation between GOOGL and BTCO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.25 |
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Return for Risk
GOOGL vs. BTCO — Risk / Return Rank
GOOGL
BTCO
GOOGL vs. BTCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) and Invesco Galaxy Bitcoin ETF (BTCO). 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.
| GOOGL | BTCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.68 | ||
| Sortino ratioReturn per unit of downside risk | +6.34 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 0.86 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 5.43 | -0.76 | +6.19 |
| Martin ratioReturn relative to average drawdown | 19.79 | -1.36 | +21.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOOGL | BTCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.78 | -0.90 | +4.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.27 | +0.57 |
Drawdowns
GOOGL vs. BTCO - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, which is greater than BTCO's maximum drawdown of -52.05%. Use the drawdown chart below to compare losses from any high point for GOOGL and BTCO.
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Drawdown Indicators
| GOOGL | BTCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -52.05% | -13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -52.05% | +31.68% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | — | — |
Current DrawdownCurrent decline from peak | -9.71% | -49.60% | +39.89% |
Average DrawdownAverage peak-to-trough decline | -13.02% | -16.12% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 28.93% | -23.35% |
Volatility
GOOGL vs. BTCO - Volatility Comparison
The current volatility for Alphabet Inc. Class A (GOOGL) is 8.68%, while Invesco Galaxy Bitcoin ETF (BTCO) has a volatility of 11.78%. This indicates that GOOGL experiences smaller price fluctuations and is considered to be less risky than BTCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOGL | BTCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.68% | 11.78% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 20.90% | 34.52% | -13.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.33% | 44.10% | -14.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.33% | 49.90% | -18.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 49.90% | -20.77% |
Dividends
GOOGL vs. BTCO - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.29%, while BTCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | 0.00% | 0.00% | 0.00% |
GOOGL Alphabet Inc. Class A | 0.29% | 0.27% | 0.32% |
Frequently Asked Questions
GOOGL and BTCO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCO has higher volatility (11.78%) compared to GOOGL (8.68%). In terms of maximum drawdown, GOOGL dropped -65.29% vs BTCO's -52.05%.
GOOGL currently has the higher Sharpe Ratio (3.78 vs -0.90), 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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