LUNA vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Luna Innovations Incorporated (LUNA) and Bitcoin (BTC-USD).

Performance

LUNA vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Luna Innovations Incorporated (LUNA) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

LUNA vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LUNA Luna Innovations Incorporated	3.48%	-46.76%	-67.52%	-24.35%	4.15%	-14.57%	35.53%	117.61%	37.86%	65.31%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, LUNA achieves a 3.48% return, which is significantly higher than BTC-USD's -21.63% return. Over the past 10 years, LUNA has underperformed BTC-USD with an annualized return of 1.07%, while BTC-USD has yielded a comparatively higher 66.45% annualized return.

LUNA

• 1D: 8.18%
• 1M: -19.05%
• YTD: 3.48%
• 6M: 8.18%
• 1Y: 112.50%
• 3Y*: -45.10%
• 5Y*: -35.70%
• 10Y*: 1.07%

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LUNA vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LUNA

LUNA Risk / Return Rank: 74
LUNA Sharpe Ratio Rank: 63
LUNA Sortino Ratio Rank: 80
LUNA Omega Ratio Rank: 87
LUNA Calmar Ratio Rank: 70
LUNA Martin Ratio Rank: 69

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	0.63	-0.44	+1.07
Sortino ratio Return per unit of downside risk	2.14	-0.38	+2.52
Omega ratio Gain probability vs. loss probability	1.36	0.96	+0.40
Calmar ratio Return relative to maximum drawdown	1.50	-1.11	+2.61
Martin ratio Return relative to average drawdown	3.58	-1.99	+5.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LUNA vs. BTC-USD - Sharpe Ratio Comparison

The current LUNA Sharpe Ratio is 0.63, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of LUNA and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LUNA	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	-0.44	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	0.05	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	0.97	-0.96
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	1.19	-1.28

Correlation

The correlation between LUNA and BTC-USD is 0.06, 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.

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.

Drawdown Indicators

	LUNA	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-97.65%	-85.30%	-12.35%
Max Drawdown (1Y) Largest decline over 1 year	-50.00%	-49.65%	-0.35%
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 Drawdown Current decline from peak	-90.70%	-45.02%	-45.68%
Average Drawdown Average peak-to-trough decline	-64.99%	-41.99%	-23.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.94%	27.60%	-6.66%

Volatility

LUNA vs. BTC-USD - Volatility Comparison

Luna Innovations Incorporated (LUNA) has a higher volatility of 21.79% compared to Bitcoin (BTC-USD) at 13.58%. 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.

Volatility by Period

	LUNA	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.79%	13.58%	+8.21%
Volatility (6M) Calculated over the trailing 6-month period	78.15%	35.98%	+42.17%
Volatility (1Y) Calculated over the trailing 1-year period	181.35%	36.76%	+144.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.33%	46.90%	+60.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.24%	56.70%	+28.54%