L vs. BTC-USD
Compare and contrast key facts about Loews Corporation (L) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: L or BTC-USD.
Key characteristics
L | BTC-USD | |
---|---|---|
YTD Return | 9.89% | 52.56% |
1Y Return | 37.71% | 126.87% |
3Y Return (Ann) | 11.90% | 6.05% |
5Y Return (Ann) | 9.30% | 65.03% |
10Y Return (Ann) | 6.30% | 64.65% |
Sharpe Ratio | 2.49 | 5.17 |
Daily Std Dev | 14.72% | 38.60% |
Max Drawdown | -65.58% | -93.07% |
Current Drawdown | -2.40% | -11.77% |
Correlation
The correlation between L and BTC-USD is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
L vs. BTC-USD - Performance Comparison
In the year-to-date period, L achieves a 9.89% return, which is significantly lower than BTC-USD's 52.56% return. Over the past 10 years, L has underperformed BTC-USD with an annualized return of 6.30%, while BTC-USD has yielded a comparatively higher 64.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
L vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Loews Corporation (L) 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.
Drawdowns
L vs. BTC-USD - Drawdown Comparison
The maximum L drawdown since its inception was -65.58%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for L and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
L vs. BTC-USD - Volatility Comparison
The current volatility for Loews Corporation (L) is 4.33%, while Bitcoin (BTC-USD) has a volatility of 15.04%. This indicates that L 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.