MP vs. BTC-USD
MP (MP Materials Corp.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, MP returned 11.32%/yr vs 10.82%/yr for BTC-USD. At a 0.20 correlation, their price movements are largely independent.
Performance
MP vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MP achieves a 13.97% return, which is significantly higher than BTC-USD's -28.54% return.
MP
- 1D
- -2.70%
- 1M
- -14.61%
- YTD
- 13.97%
- 6M
- -5.92%
- 1Y
- 124.05%
- 3Y*
- 38.10%
- 5Y*
- 11.32%
- 10Y*
- —
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
MP vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MP MP Materials Corp. | 13.97% | 223.85% | -21.41% | -18.25% | -46.54% | 41.19% | 221.70% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 199.15% |
Correlation
The correlation between MP and BTC-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020 | 0.20 |
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Return for Risk
MP vs. BTC-USD — Risk / Return Rank
MP
BTC-USD
MP vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) 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.
| MP | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.86 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | -0.80 | +3.12 |
| Martin ratioReturn relative to average drawdown | 3.93 | -1.42 | +5.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MP | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | -0.95 | +2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.20 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.13 | -0.66 |
Drawdowns
MP vs. BTC-USD - Drawdown Comparison
The maximum MP drawdown since its inception was -81.99%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for MP and BTC-USD.
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Drawdown Indicators
| MP | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -85.30% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -53.79% | -51.21% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -59.47% | -51.21% | -8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -81.99% | -76.67% | -5.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -41.63% | -49.86% | +8.23% |
Average DrawdownAverage peak-to-trough decline | -42.62% | -42.32% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.68% | 34.46% | -2.78% |
Volatility
MP vs. BTC-USD - Volatility Comparison
MP Materials Corp. (MP) has a higher volatility of 22.35% compared to Bitcoin (BTC-USD) at 11.59%. This indicates that MP'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
| MP | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.35% | 11.59% | +10.76% |
Volatility (6M)Calculated over the trailing 6-month period | 51.12% | 34.53% | +16.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.82% | 35.67% | +58.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.62% | 44.95% | +24.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 56.71% | +15.97% |
Frequently Asked Questions
MP and BTC-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MP has higher volatility (22.35%) compared to BTC-USD (11.59%). In terms of maximum drawdown, MP dropped -81.99% vs BTC-USD's -85.30%.
MP currently has the higher Sharpe Ratio (1.33 vs -0.95), 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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