ICP-USD vs. BTC-USD
ICP-USD (Internet Computer) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, ICP-USD returned -41.90%/yr vs 14.98%/yr for BTC-USD. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
ICP-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ICP-USD achieves a -24.44% return, which is significantly higher than BTC-USD's -27.00% return.
ICP-USD
- 1D
- 1.04%
- 1M
- -8.50%
- 6M
- -48.70%
- YTD
- -24.44%
- 1Y
- -62.76%
- 3Y*
- -19.26%
- 5Y*
- -41.90%
- 10Y*
- —
BTC-USD
- 1D
- 0.16%
- 1M
- -0.89%
- 6M
- -33.12%
- YTD
- -27.00%
- 1Y
- -46.45%
- 3Y*
- 28.84%
- 5Y*
- 14.98%
- 10Y*
- 57.64%
ICP-USD vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICP-USD Internet Computer | -24.44% | -71.20% | -25.93% | 237.58% | -83.87% | -96.12% |
BTC-USD Bitcoin | -27.00% | -6.27% | 120.76% | 155.82% | -64.23% | -21.62% |
Correlation
The correlation between ICP-USD and BTC-USD is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 9, 2021 | 0.65 |
The correlation between ICP-USD and BTC-USD has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
ICP-USD vs. BTC-USD — Risk / Return Rank
ICP-USD
BTC-USD
ICP-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Internet Computer (ICP-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.
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.
| ICP-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.83 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.88 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.07 | -1.41 | +0.34 |
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Drawdowns
ICP-USD vs. BTC-USD - Drawdown Comparison
The maximum ICP-USD drawdown since its inception was -99.67%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for ICP-USD and BTC-USD.
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Drawdown Indicators
| ICP-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -85.30% | -14.37% |
Max Drawdown (1Y)Largest decline over 1 year | -76.70% | -53.08% | -23.62% |
Max Drawdown (3Y)Largest decline over 3 years | -89.03% | -53.08% | -35.95% |
Max Drawdown (5Y)Largest decline over 5 years | -97.38% | -76.67% | -20.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.66% | -48.79% | -50.87% |
Average DrawdownAverage peak-to-trough decline | -97.72% | -42.59% | -55.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.25% | 29.41% | +38.84% |
Volatility
ICP-USD vs. BTC-USD - Volatility Comparison
Internet Computer (ICP-USD) has a higher volatility of 12.49% compared to Bitcoin (BTC-USD) at 9.63%. This indicates that ICP-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.
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Volatility by Period
| ICP-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.49% | 9.63% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 59.33% | 34.90% | +24.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.38% | 35.73% | +54.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.43% | 43.96% | +42.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.84% | 56.33% | +36.51% |
Frequently Asked Questions
ICP-USD and BTC-USD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICP-USD has higher volatility (12.49%) compared to BTC-USD (9.63%). In terms of maximum drawdown, ICP-USD dropped -99.67% vs BTC-USD's -85.30%.
ICP-USD currently has the higher Sharpe Ratio (-0.58 vs -1.08), 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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