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 2.87%/yr vs 62.47%/yr for BTC-USD. At a 0.07 correlation, their price movements are largely independent.
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 4.29% return, which is significantly higher than BTC-USD's -23.82% return. Over the past 10 years, KRW=X has underperformed BTC-USD with an annualized return of 2.87%, while BTC-USD has yielded a comparatively higher 62.47% annualized return.
KRW=X
- 1D
- 0.23%
- 1M
- -1.02%
- 6M
- 2.27%
- YTD
- 4.29%
- 1Y
- 8.95%
- 3Y*
- 5.93%
- 5Y*
- 5.47%
- 10Y*
- 2.87%
BTC-USD
- 1D
- 0.44%
- 1M
- -0.44%
- 6M
- -28.08%
- YTD
- -23.82%
- 1Y
- -40.78%
- 3Y*
- 34.15%
- 5Y*
- 20.57%
- 10Y*
- 62.47%
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 | 4.29% | -2.30% | 14.01% | 2.85% | 5.66% | 9.56% | -5.87% | 3.80% | 4.32% | -11.65% |
BTC-USD Bitcoin | -23.82% | -8.43% | 153.04% | 160.62% | -62.05% | 74.64% | 280.81% | 101.46% | -73.56% | 1,239.35% |
Correlation
The correlation between KRW=X and BTC-USD is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 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 | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.85 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.84 | +3.08 |
| Martin ratioReturn relative to average drawdown | 6.57 | -1.36 | +7.93 |
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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 | -4.68% | -48.59% | +43.91% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -48.59% | +39.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | -73.84% | +58.43% |
Max Drawdown (10Y)Largest decline over 10 years | -15.41% | -82.52% | +67.11% |
Current DrawdownCurrent decline from peak | -4.32% | -45.41% | +41.09% |
Average DrawdownAverage peak-to-trough decline | -22.03% | -40.26% | +18.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 27.63% | -25.88% |
Volatility
KRW=X vs. BTC-USD - Volatility Comparison
The current volatility for US Dollar/Korean Won FX (KRW=X) is 2.95%, while Bitcoin (BTC-USD) has a volatility of 8.27%. 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 | 2.95% | 8.27% | -5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 34.02% | -25.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 34.44% | -25.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.11% | 43.96% | -34.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.48% | 55.28% | -46.80% |
Frequently Asked Questions
KRW=X 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.
BTC-USD has higher volatility (8.27%) compared to KRW=X (2.95%). In terms of maximum drawdown, KRW=X dropped -35.73% vs BTC-USD's -85.00%.
KRW=X currently has the higher Sharpe Ratio (0.99 vs -0.98), 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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