KSM-USD vs. BTC-USD
KSM-USD (Kusama) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, KSM-USD returned -61.32%/yr vs 11.35%/yr for BTC-USD. A 0.56 correlation means they provide meaningful diversification when combined.
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 -46.77% return, which is significantly lower than BTC-USD's -29.97% return.
KSM-USD
- 1D
- -5.96%
- 1M
- -28.96%
- YTD
- -46.77%
- 6M
- -55.62%
- 1Y
- -76.12%
- 3Y*
- -48.88%
- 5Y*
- -61.32%
- 10Y*
- —
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
KSM-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between KSM-USD and BTC-USD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019 | 0.56 |
The correlation between KSM-USD and BTC-USD shifts across timeframes, from 0.56 (all time) to 0.67 (1 year), 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.
| KSM-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.87 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.78 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.39 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KSM-USD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | -0.93 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | 0.21 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 1.13 | -1.04 |
Drawdowns
KSM-USD vs. BTC-USD - Drawdown Comparison
The maximum KSM-USD drawdown since its inception was -99.39%, 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 | -99.39% | -85.30% | -14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -79.15% | -50.87% | -28.28% |
Max Drawdown (3Y)Largest decline over 3 years | -93.95% | -50.87% | -43.08% |
Max Drawdown (5Y)Largest decline over 5 years | -99.29% | -76.67% | -22.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -99.39% | -50.87% | -48.52% |
Average DrawdownAverage peak-to-trough decline | -73.22% | -42.29% | -30.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.09% | 34.02% | +24.07% |
Volatility
KSM-USD vs. BTC-USD - Volatility Comparison
Kusama (KSM-USD) has a higher volatility of 20.43% compared to Bitcoin (BTC-USD) at 10.54%. 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 | 20.43% | 10.54% | +9.89% |
Volatility (6M)Calculated over the trailing 6-month period | 54.36% | 34.26% | +20.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.14% | 35.65% | +36.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.58% | 44.98% | +47.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.99% | 56.70% | +52.29% |
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 (20.43%) compared to BTC-USD (10.54%). In terms of maximum drawdown, KSM-USD dropped -99.39% vs BTC-USD's -85.30%.
KSM-USD currently has the higher Sharpe Ratio (-0.88 vs -0.93), 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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