KSM-USD vs. BCH-USD
KSM-USD (Kusama) and BCH-USD (Bitcoin Cash) are both cryptocurrencies. Over the past 5 years, KSM-USD returned -56.78%/yr vs -16.98%/yr for BCH-USD. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
KSM-USD vs. BCH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, KSM-USD achieves a -55.57% return, which is significantly higher than BCH-USD's -64.52% return.
KSM-USD
- 1D
- -4.42%
- 1M
- -9.01%
- 6M
- -43.15%
- YTD
- -55.57%
- 1Y
- -77.49%
- 3Y*
- -49.26%
- 5Y*
- -56.78%
- 10Y*
- —
- ALL TIME*
- 9.00%
BCH-USD
- 1D
- 2.15%
- 1M
- -7.31%
- 6M
- -58.81%
- YTD
- -64.52%
- 1Y
- -59.16%
- 3Y*
- -1.91%
- 5Y*
- -16.98%
- 10Y*
- —
- ALL TIME*
- -10.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BCH-USD Bitcoin Cash | $19.95B | $26.19B | $63.73B |
KSM-USD Kusama | $12.05M | $14.97M | $41.80M |
KSM-USD vs. BCH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
KSM-USD Kusama | -55.57% | -79.28% | -27.33% | 96.53% | -91.70% | 285.71% | 6,044.36% | -31.50% |
BCH-USD Bitcoin Cash | -64.52% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 68.04% | -1.48% |
Correlation
The correlation between KSM-USD and BCH-USD is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2019 | 0.54 |
The correlation between KSM-USD and BCH-USD shifts across timeframes, from 0.50 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KSM-USD vs. BCH-USD — Risk / Return Rank
KSM-USD
BCH-USD
KSM-USD vs. BCH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kusama (KSM-USD) and Bitcoin Cash (BCH-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.
| KSM-USD | BCH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.87 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.83 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.73 | +0.44 |
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Drawdowns
KSM-USD vs. BCH-USD - Drawdown Comparison
The maximum KSM-USD drawdown since its inception was -99.51%, roughly equal to the maximum BCH-USD drawdown of -97.96%. Use the drawdown chart below to compare losses from any high point for KSM-USD and BCH-USD.
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Drawdown Indicators
| KSM-USD | BCH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.51% | -97.96% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -82.62% | -70.92% | -11.70% |
Max Drawdown (3Y)Largest decline over 3 years | -95.17% | -72.60% | -22.57% |
Max Drawdown (5Y)Largest decline over 5 years | -99.43% | -88.64% | -10.79% |
Current DrawdownCurrent decline from peak | -99.49% | -94.33% | -5.16% |
Average DrawdownAverage peak-to-trough decline | -73.82% | -86.20% | +12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.28% | 40.01% | +6.27% |
Volatility
KSM-USD vs. BCH-USD - Volatility Comparison
Kusama (KSM-USD) has a higher volatility of 17.42% compared to Bitcoin Cash (BCH-USD) at 12.59%. This indicates that KSM-USD's price experiences larger fluctuations and is considered to be riskier than BCH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSM-USD | BCH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.42% | 12.59% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 48.37% | 49.20% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.87% | 56.52% | +13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.54% | 69.54% | +20.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.91% | 97.29% | +10.62% |
Frequently Asked Questions
KSM-USD and BCH-USD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KSM-USD has higher volatility (17.42%) compared to BCH-USD (12.59%). In terms of maximum drawdown, KSM-USD dropped -99.51% vs BCH-USD's -97.96%.
BCH-USD currently has the higher Sharpe Ratio (-0.87 vs -0.92), 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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