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 5.66%/yr vs 15.31%/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 -9.54% return, which is significantly higher than BTC-USD's -25.13% return.
MP
- 1D
- 1.02%
- 1M
- -24.93%
- 6M
- -33.75%
- YTD
- -9.54%
- 1Y
- -27.71%
- 3Y*
- 24.45%
- 5Y*
- 5.66%
- 10Y*
- —
- ALL TIME*
- 28.63%
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
MP vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MP MP Materials Corp. | -9.54% | 223.85% | -21.41% | -18.25% | -46.54% | 41.19% | 224.95% |
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 212.19% |
Correlation
The correlation between MP and BTC-USD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
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 22, 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.
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.
| MP | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.85 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.83 | +0.32 |
| Martin ratioReturn relative to average drawdown | -0.79 | -1.32 | +0.53 |
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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 | -54.14% | -53.08% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -56.56% | -53.08% | -3.48% |
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 | -53.67% | -47.48% | -6.19% |
Average DrawdownAverage peak-to-trough decline | -42.64% | -42.61% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.01% | 27.88% | +7.13% |
Volatility
MP vs. BTC-USD - Volatility Comparison
MP Materials Corp. (MP) has a higher volatility of 14.00% compared to Bitcoin (BTC-USD) at 9.37%. 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 | 14.00% | 9.37% | +4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 50.56% | 34.93% | +15.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.76% | 35.76% | +38.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.73% | 43.93% | +25.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.40% | 56.33% | +16.07% |
Frequently Asked Questions
MP and BTC-USD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MP has higher volatility (14.00%) compared to BTC-USD (9.37%). In terms of maximum drawdown, MP dropped -81.99% vs BTC-USD's -85.30%.
MP currently has the higher Sharpe Ratio (-0.38 vs -1.03), 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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