KRW=X vs. BTC-USD
KRW=X (US Dollar/Korean Won FX) is a currency, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, KRW=X returned 2.64%/yr vs 64.09%/yr for BTC-USD. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
KRW=X vs. BTC-USD - Performance Comparison
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Different Trading Currencies
KRW=X is traded in KRW, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to KRW using the latest available exchange rates.
Returns By Period
In the year-to-date period, KRW=X achieves a 0.16% return, which is significantly higher than BTC-USD's -28.13% return. Over the past 10 years, KRW=X has underperformed BTC-USD with an annualized return of 2.64%, while BTC-USD has yielded a comparatively higher 64.09% annualized return.
KRW=X
- 1D
- 1.55%
- 1M
- -6.17%
- 6M
- -0.52%
- YTD
- 0.16%
- 1Y
- 3.89%
- 3Y*
- 3.90%
- 5Y*
- 4.59%
- 10Y*
- 2.64%
- ALL TIME*
- 2.30%
BTC-USD
- 1D
- -0.07%
- 1M
- -4.19%
- 6M
- -20.59%
- YTD
- -28.13%
- 1Y
- -42.41%
- 3Y*
- 33.70%
- 5Y*
- 14.98%
- 10Y*
- 64.09%
- ALL TIME*
- 91.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | ₩2,288,286.64T | ₩2,400,080.14T | ₩3,193,756.92T |
| ₩104.31M | ₩112.88M | ₩95.47M |
KRW=X vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRW=X US Dollar/Korean Won FX | 0.16% | -2.30% | 14.01% | 2.85% | 5.66% | 9.56% | -5.87% | 3.80% | 4.32% | -11.65% |
BTC-USD Bitcoin | -28.13% | -8.43% | 151.69% | 163.11% | -62.20% | 74.64% | 280.81% | 101.46% | -72.22% | 1,158.35% |
Correlation
The correlation between KRW=X and BTC-USD is 0.01, 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. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
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 16, 2012 | 0.07 |
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Return for Risk
KRW=X vs. BTC-USD — Risk / Return Rank
KRW=X
BTC-USD
KRW=X vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Dollar/Korean Won FX (KRW=X) 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.
| KRW=X | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.85 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | -0.87 | +1.20 |
| Martin ratioReturn relative to average drawdown | 1.39 | -1.33 | +2.71 |
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Drawdowns
KRW=X vs. BTC-USD - Drawdown Comparison
The maximum KRW=X drawdown since its inception was -35.73%, smaller than the maximum BTC-USD drawdown of -85.00%. Use the drawdown chart below to compare losses from any high point for KRW=X and BTC-USD.
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Drawdown Indicators
| KRW=X | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.73% | -85.00% | +49.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -48.59% | +39.73% |
Max Drawdown (3Y)Largest decline over 3 years | -8.86% | -48.59% | +39.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | -73.95% | +58.54% |
Max Drawdown (10Y)Largest decline over 10 years | -15.41% | -83.17% | +67.76% |
Current DrawdownCurrent decline from peak | -8.11% | -48.49% | +40.38% |
Average DrawdownAverage peak-to-trough decline | -22.03% | -40.84% | +18.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 23.81% | -21.50% |
Volatility
KRW=X vs. BTC-USD - Volatility Comparison
The current volatility for US Dollar/Korean Won FX (KRW=X) is 3.14%, while Bitcoin (BTC-USD) has a volatility of 8.94%. This indicates that KRW=X 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
| KRW=X | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 8.94% | -5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 32.07% | -24.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 34.58% | -25.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 42.84% | -33.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.51% | 55.84% | -47.33% |
Frequently Asked Questions
KRW=X and BTC-USD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (8.94%) compared to KRW=X (3.14%). In terms of maximum drawdown, KRW=X dropped -35.73% vs BTC-USD's -85.00%.
KRW=X currently has the higher Sharpe Ratio (0.32 vs -1.02), 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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