L vs. BTC-USD
L (Loews Corporation) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, L returned 11.13%/yr vs 57.66%/yr for BTC-USD. At a 0.05 correlation, their price movements are largely independent.
Performance
L vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, L achieves a 6.97% return, which is significantly higher than BTC-USD's -26.24% return. Over the past 10 years, L has underperformed BTC-USD with an annualized return of 11.13%, while BTC-USD has yielded a comparatively higher 57.66% annualized return.
L
- 1D
- -1.70%
- 1M
- 3.92%
- 6M
- 8.73%
- YTD
- 6.97%
- 1Y
- 25.57%
- 3Y*
- 24.07%
- 5Y*
- 16.21%
- 10Y*
- 11.13%
BTC-USD
- 1D
- -0.69%
- 1M
- -2.62%
- 6M
- -33.43%
- YTD
- -26.24%
- 1Y
- -45.20%
- 3Y*
- 28.74%
- 5Y*
- 15.51%
- 10Y*
- 57.66%
L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
L Loews Corporation | 6.97% | 24.68% | 22.09% | 19.78% | 1.41% | 28.89% | -13.69% | 15.89% | -8.56% | 8.56% |
BTC-USD Bitcoin | -26.24% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between L and BTC-USD is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2012 | 0.05 |
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Return for Risk
L vs. BTC-USD — Risk / Return Rank
L
BTC-USD
L vs. BTC-USD - Risk-Adjusted Trends 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.
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.
| L | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.62 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.84 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | -0.85 | +4.07 |
| Martin ratioReturn relative to average drawdown | 8.10 | -1.38 | +9.47 |
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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 -85.30%. Use the drawdown chart below to compare losses from any high point for L and BTC-USD.
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Drawdown Indicators
| L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -85.30% | +19.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -53.08% | +45.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -53.08% | +40.92% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | -76.67% | +50.56% |
Max Drawdown (10Y)Largest decline over 10 years | -48.53% | -83.80% | +35.27% |
Current DrawdownCurrent decline from peak | -3.79% | -48.25% | +44.46% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -42.57% | +25.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 29.20% | -26.03% |
Volatility
L vs. BTC-USD - Volatility Comparison
The current volatility for Loews Corporation (L) is 5.45%, while Bitcoin (BTC-USD) has a volatility of 9.75%. 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.
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Volatility by Period
| L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 9.75% | -4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 34.90% | -21.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.47% | 35.75% | -19.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.48% | 43.96% | -24.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.61% | 56.34% | -30.73% |
Frequently Asked Questions
L and BTC-USD have a correlation of 0.06, 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 (9.75%) compared to L (5.45%). In terms of maximum drawdown, L dropped -65.58% vs BTC-USD's -85.30%.
L currently has the higher Sharpe Ratio (1.57 vs -1.05), 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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