KNEBV.HE vs. BTC-USD
KNEBV.HE (KONE Oyj) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, KNEBV.HE returned 4.80%/yr vs 59.07%/yr for BTC-USD. Their 0.02 correlation means their historical movements had little consistent relationship.
Performance
KNEBV.HE vs. BTC-USD - Performance Comparison
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Different Trading Currencies
KNEBV.HE is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, KNEBV.HE achieves a -14.72% return, which is significantly higher than BTC-USD's -26.48% return. Over the past 10 years, KNEBV.HE has underperformed BTC-USD with an annualized return of 4.80%, while BTC-USD has yielded a comparatively higher 59.07% annualized return.
KNEBV.HE
- 1D
- 1.40%
- 1M
- -1.65%
- 6M
- -14.80%
- YTD
- -14.72%
- 1Y
- -2.88%
- 3Y*
- 6.20%
- 5Y*
- -2.96%
- 10Y*
- 4.80%
- ALL TIME*
- 22.92%
BTC-USD
- 1D
- 0.56%
- 1M
- 0.19%
- 6M
- -15.52%
- YTD
- -26.48%
- 1Y
- -43.62%
- 3Y*
- 27.15%
- 5Y*
- 11.22%
- 10Y*
- 59.07%
- ALL TIME*
- 88.74%
Liquidity Comparison
KNEBV.HE vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between KNEBV.HE and BTC-USD is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2012 | 0.02 |
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Return for Risk
KNEBV.HE vs. BTC-USD — Risk / Return Rank
KNEBV.HE
BTC-USD
KNEBV.HE vs. BTC-USD - Risk-Adjusted Trends 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.
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.
| KNEBV.HE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.85 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | -0.84 | +0.67 |
| Martin ratioReturn relative to average drawdown | -0.41 | -1.28 | +0.87 |
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Drawdowns
KNEBV.HE vs. BTC-USD - Drawdown Comparison
The maximum KNEBV.HE drawdown since its inception was -49.28%, smaller than the maximum BTC-USD drawdown of -83.17%. Use the drawdown chart below to compare losses from any high point for KNEBV.HE and BTC-USD.
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Drawdown Indicators
| KNEBV.HE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.28% | -83.17% | +33.89% |
Max Drawdown (1Y)Largest decline over 1 year | -24.77% | -51.88% | +27.11% |
Max Drawdown (3Y)Largest decline over 3 years | -31.20% | -51.88% | +20.68% |
Max Drawdown (5Y)Largest decline over 5 years | -44.72% | -73.60% | +28.88% |
Max Drawdown (10Y)Largest decline over 10 years | -45.72% | -83.17% | +37.45% |
Current DrawdownCurrent decline from peak | -26.22% | -48.56% | +22.34% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -40.82% | +28.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.53% | 24.74% | -14.21% |
Volatility
KNEBV.HE vs. BTC-USD - Volatility Comparison
The current volatility for KONE Oyj (KNEBV.HE) is 7.45%, while Bitcoin (BTC-USD) has a volatility of 8.05%. 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.
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Volatility by Period
| KNEBV.HE | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 8.05% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 17.40% | 32.68% | -15.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.24% | 35.13% | -14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.17% | 43.02% | -13.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.11% | 56.02% | -30.91% |
Frequently Asked Questions
KNEBV.HE and BTC-USD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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