MARA vs. BTC-USD
MARA (MARA Holdings, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, MARA returned -10.30%/yr vs 55.71%/yr for BTC-USD. At a 0.29 correlation, their price movements are largely independent.
Performance
MARA vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MARA achieves a 55.01% return, which is significantly higher than BTC-USD's -26.38% return. Over the past 10 years, MARA has underperformed BTC-USD with an annualized return of -10.30%, while BTC-USD has yielded a comparatively higher 55.71% annualized return.
MARA
- 1D
- -3.47%
- 1M
- 14.29%
- YTD
- 55.01%
- 6M
- 40.18%
- 1Y
- -5.11%
- 3Y*
- 11.73%
- 5Y*
- -13.61%
- 10Y*
- -10.30%
BTC-USD
- 1D
- -1.83%
- 1M
- -16.28%
- YTD
- -26.38%
- 6M
- -25.28%
- 1Y
- -38.41%
- 3Y*
- 34.73%
- 5Y*
- 12.44%
- 10Y*
- 55.71%
MARA vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARA MARA Holdings, Inc. | 55.01% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -91.17% | -40.41% |
BTC-USD Bitcoin | -26.38% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between MARA and BTC-USD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2012 | 0.29 |
Over the past year, MARA and BTC-USD have become more correlated (0.49) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
MARA vs. BTC-USD — Risk / Return Rank
MARA
BTC-USD
MARA vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) 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.
| MARA | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.87 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.75 | +0.68 |
| Martin ratioReturn relative to average drawdown | -0.12 | -1.29 | +1.17 |
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Drawdowns
MARA vs. BTC-USD - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, 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 MARA and BTC-USD.
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Drawdown Indicators
| MARA | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -85.30% | -14.44% |
Max Drawdown (1Y)Largest decline over 1 year | -70.53% | -51.21% | -19.32% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -51.21% | -27.13% |
Max Drawdown (5Y)Largest decline over 5 years | -95.87% | -76.67% | -19.20% |
Max Drawdown (10Y)Largest decline over 10 years | -99.20% | -83.80% | -15.40% |
Current DrawdownCurrent decline from peak | -91.00% | -48.35% | -42.65% |
Average DrawdownAverage peak-to-trough decline | -78.01% | -42.40% | -35.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.74% | 34.21% | +8.53% |
Volatility
MARA vs. BTC-USD - Volatility Comparison
MARA Holdings, Inc. (MARA) has a higher volatility of 22.83% compared to Bitcoin (BTC-USD) at 12.22%. This indicates that MARA'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
| MARA | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.83% | 12.22% | +10.61% |
Volatility (6M)Calculated over the trailing 6-month period | 60.20% | 34.55% | +25.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.24% | 35.65% | +43.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.89% | 44.53% | +61.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.13% | 56.55% | +87.58% |
Frequently Asked Questions
MARA and BTC-USD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (22.83%) compared to BTC-USD (12.22%). In terms of maximum drawdown, MARA dropped -99.74% vs BTC-USD's -85.30%.
MARA currently has the higher Sharpe Ratio (-0.06 vs -0.90), 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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