ISRG vs. BTCO
ISRG (Intuitive Surgical, Inc.) is a stock, while BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate. Over the past year, ISRG returned -31.90% vs -44.68% for BTCO. At a 0.23 correlation, their price movements are largely independent.
Performance
ISRG vs. BTCO - Performance Comparison
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Returns By Period
In the year-to-date period, ISRG achieves a -37.64% return, which is significantly lower than BTCO's -25.69% return.
ISRG
- 1D
- 2.24%
- 1M
- -13.18%
- 6M
- -33.99%
- YTD
- -37.64%
- 1Y
- -31.90%
- 3Y*
- 1.61%
- 5Y*
- 2.32%
- 10Y*
- 16.51%
- ALL TIME*
- 21.90%
BTCO
- 1D
- 1.54%
- 1M
- 3.42%
- 6M
- -31.95%
- YTD
- -25.69%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.50%
ISRG vs. BTCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -37.64% | 8.51% | 43.22% |
BTCO Invesco Galaxy Bitcoin ETF | -25.69% | -6.58% | 93.87% |
Correlation
The correlation between ISRG and BTCO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
ISRG vs. BTCO — Risk / Return Rank
ISRG
BTCO
ISRG vs. BTCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) and Invesco Galaxy Bitcoin ETF (BTCO). 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.
| ISRG | BTCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.83 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.84 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.77 | -1.34 | -0.44 |
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Drawdowns
ISRG vs. BTCO - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, which is greater than BTCO's maximum drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for ISRG and BTCO.
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Drawdown Indicators
| ISRG | BTCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -53.33% | -28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -41.74% | -53.33% | +11.59% |
Max Drawdown (3Y)Largest decline over 3 years | -43.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | — | — |
Current DrawdownCurrent decline from peak | -42.15% | -48.23% | +6.08% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -17.70% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.06% | 33.39% | -15.33% |
Volatility
ISRG vs. BTCO - Volatility Comparison
Intuitive Surgical, Inc. (ISRG) has a higher volatility of 19.26% compared to Invesco Galaxy Bitcoin ETF (BTCO) at 10.57%. This indicates that ISRG's price experiences larger fluctuations and is considered to be riskier than BTCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISRG | BTCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.26% | 10.57% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 27.17% | 34.51% | -7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.38% | 44.25% | -8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.17% | 49.38% | -15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.87% | 49.38% | -16.51% |
Dividends
ISRG vs. BTCO - Dividend Comparison
Neither ISRG nor BTCO has paid dividends to shareholders.
Frequently Asked Questions
ISRG and BTCO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (19.26%) compared to BTCO (10.57%). In terms of maximum drawdown, ISRG dropped -82.26% vs BTCO's -53.33%.
ISRG currently has the higher Sharpe Ratio (-0.91 vs -1.01), 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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