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HEX-USD vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between HEX-USD and BTC-USD is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

HEX-USD vs. BTC-USD - Performance Comparison

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

0.00%200.00%400.00%600.00%800.00%1,000.00%1,200.00%1,400.00%December2025FebruaryMarchAprilMay
166.39%
1,245.91%
HEX-USD
BTC-USD

Key characteristics

Sharpe Ratio

HEX-USD:

0.32

BTC-USD:

1.57

Sortino Ratio

HEX-USD:

2.33

BTC-USD:

2.22

Omega Ratio

HEX-USD:

1.20

BTC-USD:

1.23

Calmar Ratio

HEX-USD:

0.29

BTC-USD:

1.28

Martin Ratio

HEX-USD:

1.40

BTC-USD:

6.85

Ulcer Index

HEX-USD:

48.34%

BTC-USD:

11.51%

Daily Std Dev

HEX-USD:

153.22%

BTC-USD:

42.41%

Max Drawdown

HEX-USD:

-99.79%

BTC-USD:

-93.07%

Current Drawdown

HEX-USD:

-99.61%

BTC-USD:

-9.66%

Returns By Period

In the year-to-date period, HEX-USD achieves a -40.24% return, which is significantly lower than BTC-USD's 2.64% return.


HEX-USD

YTD

-40.24%

1M

21.66%

6M

7.93%

1Y

-5.09%

5Y*

-19.34%

10Y*

N/A

BTC-USD

YTD

2.64%

1M

14.37%

6M

39.50%

1Y

50.09%

5Y*

60.54%

10Y*

82.27%

*Annualized

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Risk-Adjusted Performance

HEX-USD vs. BTC-USD — Risk-Adjusted Performance Rank

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

HEX-USD
The Risk-Adjusted Performance Rank of HEX-USD is 8181
Overall Rank
The Sharpe Ratio Rank of HEX-USD is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of HEX-USD is 8787
Sortino Ratio Rank
The Omega Ratio Rank of HEX-USD is 8383
Omega Ratio Rank
The Calmar Ratio Rank of HEX-USD is 8181
Calmar Ratio Rank
The Martin Ratio Rank of HEX-USD is 7777
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 8989
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8585
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8585
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9393
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HEX-USD vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for HEX (HEX-USD) 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.


The chart of Sharpe ratio for HEX-USD, currently valued at 0.32, compared to the broader market0.001.002.003.00
HEX-USD: 0.32
BTC-USD: 1.57
The chart of Sortino ratio for HEX-USD, currently valued at 2.33, compared to the broader market-1.000.001.002.003.00
HEX-USD: 2.33
BTC-USD: 2.22
The chart of Omega ratio for HEX-USD, currently valued at 1.20, compared to the broader market0.901.001.101.201.301.40
HEX-USD: 1.20
BTC-USD: 1.23
The chart of Calmar ratio for HEX-USD, currently valued at 0.29, compared to the broader market1.002.003.00
HEX-USD: 0.29
BTC-USD: 1.28
The chart of Martin ratio for HEX-USD, currently valued at 1.40, compared to the broader market0.005.0010.0015.0020.00
HEX-USD: 1.40
BTC-USD: 6.85

The current HEX-USD Sharpe Ratio is 0.32, which is lower than the BTC-USD Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of HEX-USD and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.32
1.57
HEX-USD
BTC-USD

Drawdowns

HEX-USD vs. BTC-USD - Drawdown Comparison

The maximum HEX-USD drawdown since its inception was -99.79%, which is greater than BTC-USD's maximum drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for HEX-USD and BTC-USD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchAprilMay
-99.61%
-9.66%
HEX-USD
BTC-USD

Volatility

HEX-USD vs. BTC-USD - Volatility Comparison

HEX (HEX-USD) has a higher volatility of 48.46% compared to Bitcoin (BTC-USD) at 15.25%. This indicates that HEX-USD'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.


0.00%20.00%40.00%60.00%80.00%100.00%December2025FebruaryMarchAprilMay
48.46%
15.25%
HEX-USD
BTC-USD