HG=F vs. BTC-USD

Last updated Jun 9, 2026

HG=F (Copper) is an asset, while BTC-USD (Bitcoin) is a cryptocurrency. At a 0.03 correlation, their price movements are largely independent.

Performance

HG=F vs. BTC-USD - Performance Comparison

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

Returns By Period

HG=F

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

BTC-USD

• 1D: -1.22%
• 1M: -22.47%
• YTD: -28.54%
• 6M: -31.02%
• 1Y: -40.89%
• 3Y*: 33.16%
• 5Y*: 10.82%
• 10Y*: 59.68%

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

HG=F vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HG=F Copper	0.00%	0.00%	0.00%	0.00%	1.29%
BTC-USD Bitcoin	-28.54%	-6.27%	120.76%	155.82%	-56.39%

Correlation

The correlation between HG=F and BTC-USD is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.03

Return for Risk

HG=F 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: 28
BTC-USD Sharpe Ratio Rank: 12
BTC-USD Sortino Ratio Rank: 33
BTC-USD Omega Ratio Rank: 33
BTC-USD Calmar Ratio Rank: 46
BTC-USD Martin Ratio Rank: 16

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.

HG=F vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Copper (HG=F) 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

	HG=F	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.95	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.13	—

Drawdowns

Drawdown Indicators

	HG=F	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	—	-85.30%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-51.21%	—
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	—	-49.86%	—
Average Drawdown Average peak-to-trough decline	—	-42.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	34.46%	—

Volatility

Volatility by Period

	HG=F	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	35.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	44.95%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	56.71%	—

Frequently Asked Questions

Can I hold both HG=F and BTC-USD in my portfolio?

HG=F and BTC-USD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.