IREN vs. BTC-USD

In the year-to-date period, IREN achieves a 22.10% return, which is significantly higher than BTC-USD's 11.81% return.

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This table presents a comparison of risk-adjusted performance metrics for Iris Energy Limited (IREN) 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 current IREN Sharpe Ratio is 1.30, which is lower than the BTC-USD Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of IREN 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.

The maximum IREN drawdown since its inception was -95.73%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for IREN and BTC-USD. For additional features, visit the drawdowns tool.

Iris Energy Limited (IREN) has a higher volatility of 23.03% compared to Bitcoin (BTC-USD) at 12.88%. This indicates that IREN'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.