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 -0.77%/yr vs 59.66%/yr for BTC-USD. Their 0.06 correlation means their historical movements had little consistent relationship.
Performance
LUNA vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LUNA achieves a 8.70% return, which is significantly higher than BTC-USD's -27.75% return. Over the past 10 years, LUNA has underperformed BTC-USD with an annualized return of -0.77%, while BTC-USD has yielded a comparatively higher 59.66% annualized return.
LUNA
- 1D
- 0.81%
- 1M
- 0.81%
- 6M
- -13.19%
- YTD
- 8.70%
- 1Y
- 25.00%
- 3Y*
- -47.98%
- 5Y*
- -36.73%
- 10Y*
- -0.77%
- ALL TIME*
- -7.49%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1569.44T | $1598.63T | $2087.37T |
| $19.98K | $41.16K | $64.40K |
LUNA vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUNA Luna Innovations Incorporated | 8.70% | -46.76% | -67.52% | -24.35% | 4.15% | -14.57% | 35.53% | 117.61% | 37.86% | 65.31% |
BTC-USD Bitcoin | -27.75% | -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 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 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 | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.85 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | -0.83 | +1.33 |
| Martin ratioReturn relative to average drawdown | 0.98 | -1.27 | +2.24 |
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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% | -53.08% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -96.66% | -53.08% | -43.58% |
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 | -90.23% | -49.31% | -40.92% |
Average DrawdownAverage peak-to-trough decline | -65.40% | -42.73% | -22.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.66% | 24.94% | +0.72% |
Volatility
LUNA vs. BTC-USD - Volatility Comparison
The current volatility for Luna Innovations Incorporated (LUNA) is 4.30%, while Bitcoin (BTC-USD) has a volatility of 8.45%. This indicates that LUNA 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
| LUNA | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 8.45% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 59.14% | 33.72% | +25.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 132.05% | 35.86% | +96.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.08% | 43.65% | +65.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.26% | 56.22% | +30.04% |
Frequently Asked Questions
LUNA and BTC-USD have a correlation of 0.03, 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 (8.45%) compared to LUNA (4.30%). In terms of maximum drawdown, LUNA dropped -97.65% vs BTC-USD's -85.30%.
LUNA currently has the higher Sharpe Ratio (0.19 vs -1.02), 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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