NB2.DE vs. BTC-USD
NB2.DE (Northern Data AG) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, NB2.DE returned 10.74%/yr vs 59.66%/yr for BTC-USD. At a 0.15 correlation, their price movements are largely independent.
Performance
NB2.DE vs. BTC-USD - Performance Comparison
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Different Trading Currencies
NB2.DE is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, NB2.DE achieves a -13.95% return, which is significantly higher than BTC-USD's -26.25% return. Over the past 10 years, NB2.DE has underperformed BTC-USD with an annualized return of 10.74%, while BTC-USD has yielded a comparatively higher 59.66% annualized return.
NB2.DE
- 1D
- -8.04%
- 1M
- 6.02%
- YTD
- -13.95%
- 6M
- -7.15%
- 1Y
- -51.59%
- 3Y*
- -12.25%
- 5Y*
- -31.73%
- 10Y*
- 10.74%
BTC-USD
- 1D
- 0.00%
- 1M
- -20.75%
- YTD
- -26.25%
- 6M
- -28.42%
- 1Y
- -38.10%
- 3Y*
- 29.19%
- 5Y*
- 12.64%
- 10Y*
- 59.66%
NB2.DE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NB2.DE Northern Data AG | -13.95% | -65.13% | 69.58% | 335.07% | -92.15% | -0.00% | 281.19% | 12.22% | 553.23% | 53.85% |
BTC-USD Bitcoin | -28.60% | -17.40% | 136.59% | 145.80% | -61.85% | 71.33% | 271.22% | 98.48% | -73.46% | 1,229.62% |
Correlation
The correlation between NB2.DE and BTC-USD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2015 | 0.15 |
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Return for Risk
NB2.DE vs. BTC-USD — Risk / Return Rank
NB2.DE
BTC-USD
NB2.DE vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Data AG (NB2.DE) 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.
| NB2.DE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.87 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.76 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.09 | -1.35 | +0.25 |
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
| NB2.DE | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | -0.90 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.23 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.89 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 1.14 | -1.03 |
Drawdowns
NB2.DE vs. BTC-USD - Drawdown Comparison
The maximum NB2.DE drawdown since its inception was -95.91%, which is greater than BTC-USD's maximum drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for NB2.DE and BTC-USD.
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Drawdown Indicators
| NB2.DE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.91% | -83.05% | -12.86% |
Max Drawdown (1Y)Largest decline over 1 year | -71.21% | -49.93% | -21.28% |
Max Drawdown (3Y)Largest decline over 3 years | -83.77% | -49.93% | -33.84% |
Max Drawdown (5Y)Largest decline over 5 years | -94.84% | -73.60% | -21.24% |
Max Drawdown (10Y)Largest decline over 10 years | -95.91% | -82.51% | -13.40% |
Current DrawdownCurrent decline from peak | -90.34% | -48.40% | -41.94% |
Average DrawdownAverage peak-to-trough decline | -58.87% | -39.96% | -18.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.37% | 33.81% | +14.56% |
Volatility
NB2.DE vs. BTC-USD - Volatility Comparison
Northern Data AG (NB2.DE) has a higher volatility of 24.78% compared to Bitcoin (BTC-USD) at 10.12%. This indicates that NB2.DE'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
| NB2.DE | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.78% | 10.12% | +14.66% |
Volatility (6M)Calculated over the trailing 6-month period | 44.72% | 34.33% | +10.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.60% | 35.37% | +36.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.52% | 45.05% | +37.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.25% | 55.99% | +61.26% |
Frequently Asked Questions
NB2.DE and BTC-USD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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