IREN vs. BTC-USD
Compare and contrast key facts about Iris Energy Limited (IREN) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IREN or BTC-USD.
Key characteristics
| IREN | BTC-USD | |
|---|---|---|
| YTD Return | 52.17% | 114.32% |
| 1Y Return | 273.88% | 154.90% |
| Sharpe Ratio | 2.10 | 1.07 |
| Sortino Ratio | 2.93 | 1.78 |
| Omega Ratio | 1.32 | 1.17 |
| Calmar Ratio | 2.98 | 0.91 |
| Martin Ratio | 6.93 | 4.39 |
| Ulcer Index | 38.05% | 13.18% |
| Daily Std Dev | 125.41% | 44.55% |
| Max Drawdown | -95.73% | -93.07% |
| Current Drawdown | -56.13% | 0.00% |
Correlation
The correlation between IREN and BTC-USD is 0.38, 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
IREN vs. BTC-USD - Performance Comparison
In the year-to-date period, IREN achieves a 52.17% return, which is significantly lower than BTC-USD's 114.32% 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
IREN vs. BTC-USD - Risk-Adjusted Performance Comparison
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.
Drawdowns
IREN vs. BTC-USD - Drawdown Comparison
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.
Volatility
IREN vs. BTC-USD - Volatility Comparison
Iris Energy Limited (IREN) has a higher volatility of 39.86% compared to Bitcoin (BTC-USD) at 15.70%. 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.