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 0.39%/yr vs 57.41%/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
In the year-to-date period, LUNA achieves a 13.04% return, which is significantly higher than BTC-USD's -28.07% return. Over the past 10 years, LUNA has underperformed BTC-USD with an annualized return of 0.39%, while BTC-USD has yielded a comparatively higher 57.41% annualized return.
LUNA
- 1D
- 0.00%
- 1M
- 19.27%
- YTD
- 13.04%
- 6M
- -7.14%
- 1Y
- 73.33%
- 3Y*
- -47.39%
- 5Y*
- -34.95%
- 10Y*
- 0.39%
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
LUNA vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUNA Luna Innovations Incorporated | 13.04% | -46.76% | -67.52% | -24.35% | 4.15% | -14.57% | 35.53% | 117.61% | 37.86% | 65.31% |
BTC-USD Bitcoin | -28.07% | -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 | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 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.
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.
| LUNA | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.86 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.79 | +2.25 |
| Martin ratioReturn relative to average drawdown | 3.07 | -1.32 | +4.39 |
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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% | -51.21% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -96.79% | -51.21% | -45.58% |
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 | -89.84% | -49.54% | -40.30% |
Average DrawdownAverage peak-to-trough decline | -65.27% | -42.40% | -22.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.99% | 31.29% | -7.30% |
Volatility
LUNA vs. BTC-USD - Volatility Comparison
Luna Innovations Incorporated (LUNA) has a higher volatility of 29.24% compared to Bitcoin (BTC-USD) at 12.23%. 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 | 29.24% | 12.23% | +17.01% |
Volatility (6M)Calculated over the trailing 6-month period | 69.51% | 34.57% | +34.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.37% | 35.70% | +98.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.31% | 44.26% | +65.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.44% | 56.41% | +30.03% |
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 (29.24%) compared to BTC-USD (12.23%). In terms of maximum drawdown, LUNA dropped -97.65% vs BTC-USD's -85.30%.
LUNA currently has the higher Sharpe Ratio (0.55 vs -0.94), 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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