HIVE vs. BTC-USD
Compare and contrast key facts about HIVE Blockchain Technologies Ltd (HIVE) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIVE or BTC-USD.
Key characteristics
| HIVE | BTC-USD | |
|---|---|---|
| YTD Return | -32.67% | 42.69% |
| 1Y Return | -4.09% | 125.42% |
| 3Y Return (Ann) | -40.07% | 7.70% |
| 5Y Return (Ann) | 23.92% | 42.49% |
| 10Y Return (Ann) | 51.09% | 64.77% |
| Sharpe Ratio | -0.04 | 0.86 |
| Daily Std Dev | 88.49% | 43.26% |
| Max Drawdown | -99.90% | -93.07% |
| Current Drawdown | -88.63% | -17.48% |
Correlation
The correlation between HIVE and BTC-USD is 0.29, 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.
Performance
HIVE vs. BTC-USD - Performance Comparison
In the year-to-date period, HIVE achieves a -32.67% return, which is significantly lower than BTC-USD's 42.69% return. Over the past 10 years, HIVE has underperformed BTC-USD with an annualized return of 51.09%, while BTC-USD has yielded a comparatively higher 64.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HIVE vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HIVE Blockchain Technologies Ltd (HIVE) 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.
Drawdowns
HIVE vs. BTC-USD - Drawdown Comparison
The maximum HIVE drawdown since its inception was -99.90%, 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 HIVE and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
HIVE vs. BTC-USD - Volatility Comparison
HIVE Blockchain Technologies Ltd (HIVE) has a higher volatility of 25.96% compared to Bitcoin (BTC-USD) at 14.35%. This indicates that HIVE'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.