MWMIX vs. BTC-USD
MWMIX (VanEck Morningstar Wide Moat Fund) is Large Cap Blend Equities fund managed by VanEck, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, MWMIX returned 6.28%/yr vs 12.33%/yr for BTC-USD. At a 0.19 correlation, their price movements are largely independent.
Performance
MWMIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MWMIX achieves a -2.27% return, which is significantly higher than BTC-USD's -27.34% return.
MWMIX
- 1D
- -1.27%
- 1M
- 1.37%
- YTD
- -2.27%
- 6M
- -3.51%
- 1Y
- 10.84%
- 3Y*
- 8.67%
- 5Y*
- 6.28%
- 10Y*
- —
BTC-USD
- 1D
- 3.47%
- 1M
- -21.00%
- YTD
- -27.34%
- 6M
- -31.30%
- 1Y
- -41.49%
- 3Y*
- 34.89%
- 5Y*
- 12.33%
- 10Y*
- 56.84%
MWMIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | -2.27% | 13.17% | 10.30% | 25.20% | -13.46% | 24.12% | 14.15% | 34.85% | -1.49% | -0.52% |
BTC-USD Bitcoin | -27.34% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | -15.97% |
Correlation
The correlation between MWMIX and BTC-USD is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2017 | 0.19 |
The correlation between MWMIX and BTC-USD shifts across timeframes, from 0.19 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MWMIX vs. BTC-USD — Risk / Return Rank
MWMIX
BTC-USD
MWMIX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) 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.
| MWMIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.86 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | -0.81 | +1.64 |
| Martin ratioReturn relative to average drawdown | 2.55 | -1.42 | +3.98 |
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Drawdowns
MWMIX vs. BTC-USD - Drawdown Comparison
The maximum MWMIX drawdown since its inception was -33.03%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for MWMIX and BTC-USD.
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Drawdown Indicators
| MWMIX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.03% | -85.30% | +52.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -51.21% | +38.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -51.21% | +29.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.90% | -76.67% | +52.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -5.96% | -49.02% | +43.06% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -42.34% | +37.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 34.89% | -30.85% |
Volatility
MWMIX vs. BTC-USD - Volatility Comparison
The current volatility for VanEck Morningstar Wide Moat Fund (MWMIX) is 4.07%, while Bitcoin (BTC-USD) has a volatility of 12.11%. This indicates that MWMIX 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
| MWMIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 12.11% | -8.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 34.67% | -24.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 35.64% | -21.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 44.75% | -26.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.46% | 56.63% | -36.17% |
Frequently Asked Questions
MWMIX and BTC-USD have a correlation of 0.30, 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 (12.11%) compared to MWMIX (4.07%). In terms of maximum drawdown, MWMIX dropped -33.03% vs BTC-USD's -85.30%.
MWMIX currently has the higher Sharpe Ratio (0.74 vs -0.97), 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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