LUNA vs. BTC-USD
LUNA (Luna Innovations Incorporated) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, LUNA returned -0.00%/yr vs 60.00%/yr for BTC-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
LUNA vs. BTC-USD - Performance Comparison
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Returns By Period
LUNA
- 1D
- 0.00%
- 1M
- 4.55%
- YTD
- -0.00%
- 6M
- -23.33%
- 1Y
- 64.29%
- 3Y*
- -50.14%
- 5Y*
- -35.38%
- 10Y*
- -0.00%
BTC-USD
- 1D
- -5.18%
- 1M
- -20.79%
- YTD
- -27.71%
- 6M
- -32.32%
- 1Y
- -40.02%
- 3Y*
- 32.61%
- 5Y*
- 11.41%
- 10Y*
- 60.00%
LUNA vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUNA Luna Innovations Incorporated | 0.00% | -46.76% | -67.52% | -24.35% | 4.15% | -14.57% | 35.53% | 117.61% | 37.86% | 65.31% |
BTC-USD Bitcoin | -27.71% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between LUNA 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2012 | 0.06 |
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Return for Risk
LUNA vs. BTC-USD — Risk / Return Rank
LUNA
BTC-USD
LUNA vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Luna Innovations Incorporated (LUNA) 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.
| LUNA | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | -0.93 | +1.41 |
Sortino ratioReturn per unit of downside risk | 1.57 | -1.31 | +2.88 |
Omega ratioGain probability vs. loss probability | 1.28 | 0.87 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.81 | +2.34 |
Martin ratioReturn relative to average drawdown | 3.37 | -1.42 | +4.79 |
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
| LUNA | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | -0.93 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.21 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | 0.88 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 1.13 | -1.22 |
Drawdowns
LUNA vs. BTC-USD - Drawdown Comparison
The maximum LUNA drawdown since its inception was -97.65%, 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 LUNA and BTC-USD.
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Drawdown Indicators
| LUNA | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.65% | -85.30% | -12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -50.29% | -49.65% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -97.16% | -49.65% | -47.51% |
Max Drawdown (5Y)Largest decline over 5 years | -97.65% | -76.67% | -20.98% |
Max Drawdown (10Y)Largest decline over 10 years | -97.65% | -83.80% | -13.85% |
Current DrawdownCurrent decline from peak | -91.01% | -49.29% | -41.72% |
Average DrawdownAverage peak-to-trough decline | -65.21% | -42.27% | -22.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.83% | 33.73% | -10.90% |
Volatility
LUNA vs. BTC-USD - Volatility Comparison
Luna Innovations Incorporated (LUNA) has a higher volatility of 26.78% compared to Bitcoin (BTC-USD) at 10.81%. This indicates that LUNA'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
| LUNA | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.78% | 10.81% | +15.97% |
Volatility (6M)Calculated over the trailing 6-month period | 76.80% | 34.33% | +42.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 135.50% | 35.60% | +99.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.08% | 45.05% | +64.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.41% | 56.69% | +29.72% |
Frequently Asked Questions
LUNA 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.
LUNA has higher volatility (26.78%) compared to BTC-USD (10.81%). In terms of maximum drawdown, LUNA dropped -97.65% vs BTC-USD's -85.30%.
LUNA currently has the higher Sharpe Ratio (0.48 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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