KNEBV.HE vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about KONE Oyj (KNEBV.HE) and Bitcoin (BTC-USD).

Performance

KNEBV.HE vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in KONE Oyj (KNEBV.HE) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

KNEBV.HE vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KNEBV.HE KONE Oyj	-6.38%	33.28%	8.26%	-3.05%	-22.86%	-4.44%	17.81%	45.30%	-3.48%	9.20%
BTC-USD Bitcoin	-22.32%	-17.40%	136.59%	145.80%	-61.85%	71.33%	271.22%	98.48%	-73.46%	1,229.62%

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 -6.38% return, which is significantly higher than BTC-USD's -20.96% return. Over the past 10 years, KNEBV.HE has underperformed BTC-USD with an annualized return of 6.13%, while BTC-USD has yielded a comparatively higher 66.10% annualized return.

KNEBV.HE

• 1D: 0.04%
• 1M: -6.69%
• YTD: -6.38%
• 6M: -1.60%
• 1Y: 11.83%
• 3Y*: 8.31%
• 5Y*: -1.71%
• 10Y*: 6.13%

BTC-USD

• 1D: 0.00%
• 1M: 0.05%
• YTD: -20.96%
• 6M: -42.79%
• 1Y: -22.71%
• 3Y*: 32.15%
• 5Y*: 3.26%
• 10Y*: 66.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

KNEBV.HE vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KNEBV.HE

KNEBV.HE Risk / Return Rank: 57
KNEBV.HE Sharpe Ratio Rank: 61
KNEBV.HE Sortino Ratio Rank: 52
KNEBV.HE Omega Ratio Rank: 52
KNEBV.HE Calmar Ratio Rank: 59
KNEBV.HE Martin Ratio Rank: 63

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	KNEBV.HE	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.59	-0.51	+1.10
Sortino ratio Return per unit of downside risk	0.95	-0.49	+1.43
Omega ratio Gain probability vs. loss probability	1.12	0.94	+0.18
Calmar ratio Return relative to maximum drawdown	0.91	-1.08	+1.99
Martin ratio Return relative to average drawdown	2.72	-1.96	+4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNEBV.HE vs. BTC-USD - Sharpe Ratio Comparison

The current KNEBV.HE Sharpe Ratio is 0.59, which is higher than the BTC-USD Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of KNEBV.HE 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.

Sharpe Ratios by Period

	KNEBV.HE	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	-0.51	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.06	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.98	-0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.19	-0.58

Correlation

The correlation between KNEBV.HE and BTC-USD is 0.02, 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.

Drawdowns

KNEBV.HE vs. BTC-USD - Drawdown Comparison

The maximum KNEBV.HE drawdown since its inception was -52.71%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for KNEBV.HE and BTC-USD.

Drawdown Indicators

	KNEBV.HE	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-52.71%	-85.30%	+32.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.66%	-49.65%	+36.99%
Max Drawdown (5Y) Largest decline over 5 years	-47.48%	-76.67%	+29.19%
Max Drawdown (10Y) Largest decline over 10 years	-48.95%	-83.80%	+34.85%
Current Drawdown Current decline from peak	-15.42%	-46.47%	+31.05%
Average Drawdown Average peak-to-trough decline	-12.61%	-42.00%	+29.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	27.75%	-23.51%

Volatility

KNEBV.HE vs. BTC-USD - Volatility Comparison

The current volatility for KONE Oyj (KNEBV.HE) is 6.43%, while Bitcoin (BTC-USD) has a volatility of 13.23%. 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.

Volatility by Period

	KNEBV.HE	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	13.23%	-6.80%
Volatility (6M) Calculated over the trailing 6-month period	14.63%	35.96%	-21.33%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	37.05%	-16.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	46.68%	-23.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	56.03%	-33.85%