KNEBV.HE vs. BTC-USD
Compare and contrast key facts about KONE Oyj (KNEBV.HE) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KNEBV.HE or BTC-USD.
Correlation
The correlation between KNEBV.HE and BTC-USD is 0.05, 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
KNEBV.HE vs. BTC-USD - Performance Comparison
Key characteristics
KNEBV.HE:
1.22
BTC-USD:
1.34
KNEBV.HE:
1.88
BTC-USD:
2.05
KNEBV.HE:
1.21
BTC-USD:
1.20
KNEBV.HE:
0.63
BTC-USD:
1.07
KNEBV.HE:
3.12
BTC-USD:
7.63
KNEBV.HE:
7.29%
BTC-USD:
8.59%
KNEBV.HE:
18.43%
BTC-USD:
43.77%
KNEBV.HE:
-94.01%
BTC-USD:
-93.07%
KNEBV.HE:
-18.61%
BTC-USD:
-8.96%
Returns By Period
In the year-to-date period, KNEBV.HE achieves a 14.60% return, which is significantly higher than BTC-USD's 3.43% return. Over the past 10 years, KNEBV.HE has underperformed BTC-USD with an annualized return of 6.55%, while BTC-USD has yielded a comparatively higher 82.48% annualized return.
KNEBV.HE
14.60%
15.41%
14.47%
21.77%
2.91%
6.55%
BTC-USD
3.43%
-5.27%
57.97%
84.83%
58.41%
82.48%
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Risk-Adjusted Performance
KNEBV.HE vs. BTC-USD — Risk-Adjusted Performance Rank
KNEBV.HE
BTC-USD
KNEBV.HE vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KONE Oyj (KNEBV.HE) 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
KNEBV.HE vs. BTC-USD - Drawdown Comparison
The maximum KNEBV.HE drawdown since its inception was -94.01%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for KNEBV.HE and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
KNEBV.HE vs. BTC-USD - Volatility Comparison
The current volatility for KONE Oyj (KNEBV.HE) is 6.30%, while Bitcoin (BTC-USD) has a volatility of 9.78%. This indicates that KNEBV.HE 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.