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 -11.13%/yr vs 57.99%/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 47.22% return, which is significantly higher than BTC-USD's -27.93% return. Over the past 10 years, MARA has underperformed BTC-USD with an annualized return of -11.13%, while BTC-USD has yielded a comparatively higher 57.99% annualized return.
MARA
- 1D
- 9.98%
- 1M
- -0.68%
- 6M
- 26.63%
- YTD
- 47.22%
- 1Y
- -28.39%
- 3Y*
- -7.90%
- 5Y*
- -13.75%
- 10Y*
- -11.13%
BTC-USD
- 1D
- 1.32%
- 1M
- 2.22%
- 6M
- -30.73%
- YTD
- -27.93%
- 1Y
- -43.34%
- 3Y*
- 27.51%
- 5Y*
- 13.47%
- 10Y*
- 57.99%
MARA vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARA MARA Holdings, Inc. | 47.22% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -91.17% | -40.41% |
BTC-USD Bitcoin | -27.93% | -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 | 0.48 |
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 24, 2012 | 0.29 |
The correlation between MARA and BTC-USD shifts across timeframes, from 0.29 (all time) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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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 | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.85 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.82 | +0.41 |
| Martin ratioReturn relative to average drawdown | -0.65 | -1.34 | +0.69 |
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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% | -53.08% | -17.45% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -53.08% | -25.26% |
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 | -91.46% | -49.44% | -42.02% |
Average DrawdownAverage peak-to-trough decline | -78.06% | -42.53% | -35.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.80% | 31.20% | +12.60% |
Volatility
MARA vs. BTC-USD - Volatility Comparison
MARA Holdings, Inc. (MARA) has a higher volatility of 21.86% compared to Bitcoin (BTC-USD) at 9.25%. 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 | 21.86% | 9.25% | +12.61% |
Volatility (6M)Calculated over the trailing 6-month period | 60.58% | 34.87% | +25.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.38% | 35.75% | +43.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.03% | 43.96% | +62.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.19% | 56.32% | +87.87% |
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 (21.86%) compared to BTC-USD (9.25%). In terms of maximum drawdown, MARA dropped -99.74% vs BTC-USD's -85.30%.
MARA currently has the higher Sharpe Ratio (-0.36 vs -1.01), 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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