KSM-USD vs. BTC-USD
KSM-USD (Kusama) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, KSM-USD returned -56.78%/yr vs 10.61%/yr for BTC-USD. Their 0.56 correlation means they have sometimes moved together and sometimes differently.
Performance
KSM-USD vs. BTC-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 lower than BTC-USD's -27.75% 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%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
KSM-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between KSM-USD and BTC-USD is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2019 | 0.56 |
The correlation between KSM-USD and BTC-USD shifts across timeframes, from 0.56 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KSM-USD vs. BTC-USD — Risk / Return Rank
KSM-USD
BTC-USD
KSM-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kusama (KSM-USD) 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.
| KSM-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.85 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.83 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.30 | -1.27 | -0.03 |
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Drawdowns
KSM-USD vs. BTC-USD - Drawdown Comparison
The maximum KSM-USD drawdown since its inception was -99.51%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for KSM-USD and BTC-USD.
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Drawdown Indicators
| KSM-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.51% | -85.30% | -14.21% |
Max Drawdown (1Y)Largest decline over 1 year | -82.62% | -53.08% | -29.54% |
Max Drawdown (3Y)Largest decline over 3 years | -95.17% | -53.08% | -42.09% |
Max Drawdown (5Y)Largest decline over 5 years | -99.43% | -76.67% | -22.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.49% | -49.31% | -50.18% |
Average DrawdownAverage peak-to-trough decline | -73.82% | -42.73% | -31.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.28% | 24.94% | +21.34% |
Volatility
KSM-USD vs. BTC-USD - Volatility Comparison
Kusama (KSM-USD) has a higher volatility of 17.42% compared to Bitcoin (BTC-USD) at 8.45%. This indicates that KSM-USD's price experiences larger fluctuations and is considered to be riskier 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
| KSM-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.42% | 8.45% | +8.97% |
Volatility (6M)Calculated over the trailing 6-month period | 48.37% | 33.72% | +14.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.87% | 35.86% | +34.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.54% | 43.65% | +45.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.91% | 56.22% | +51.69% |
Frequently Asked Questions
KSM-USD and BTC-USD have a correlation of 0.67, 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 BTC-USD (8.45%). In terms of maximum drawdown, KSM-USD dropped -99.51% vs BTC-USD's -85.30%.
KSM-USD currently has the higher Sharpe Ratio (-0.92 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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