INCO vs. BTC-USD
INCO (Columbia India Consumer ETF) is Asia Pacific Equities fund tracking the Indxx India Consumer Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, INCO returned 8.31%/yr vs 59.68%/yr for BTC-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
INCO vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, INCO achieves a -12.41% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, INCO has underperformed BTC-USD with an annualized return of 8.31%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
INCO
- 1D
- -0.65%
- 1M
- -6.27%
- YTD
- -12.41%
- 6M
- -10.02%
- 1Y
- -12.31%
- 3Y*
- 6.45%
- 5Y*
- 5.53%
- 10Y*
- 8.31%
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%
INCO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | -12.41% | 0.59% | 12.70% | 34.63% | -7.01% | 19.28% | 14.55% | -4.22% | -10.81% | 53.28% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between INCO and BTC-USD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.06 |
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Return for Risk
INCO vs. BTC-USD — Risk / Return Rank
INCO
BTC-USD
INCO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.
| INCO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.86 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.80 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.42 | -0.04 |
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
| INCO | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | -0.95 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.20 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.87 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.13 | -0.71 |
Drawdowns
INCO vs. BTC-USD - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for INCO and BTC-USD.
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Drawdown Indicators
| INCO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -85.30% | +37.61% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -51.21% | +29.84% |
Max Drawdown (3Y)Largest decline over 3 years | -29.98% | -51.21% | +21.23% |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | -76.67% | +46.69% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | -83.80% | +36.11% |
Current DrawdownCurrent decline from peak | -25.40% | -49.86% | +24.46% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -42.32% | +31.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 34.46% | -25.99% |
Volatility
INCO vs. BTC-USD - Volatility Comparison
The current volatility for Columbia India Consumer ETF (INCO) is 5.50%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that INCO experiences smaller price fluctuations and is considered to be less risky 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
| INCO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 11.59% | -6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 34.53% | -20.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 35.67% | -18.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 44.95% | -28.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.32% | 56.71% | -36.39% |
Frequently Asked Questions
INCO and BTC-USD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to INCO (5.50%). In terms of maximum drawdown, INCO dropped -47.69% vs BTC-USD's -85.30%.
INCO currently has the higher Sharpe Ratio (-0.73 vs -0.95), 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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