NDQ.AX vs. BTC-USD
NDQ.AX (BetaShares NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, NDQ.AX returned 21.65%/yr vs 59.23%/yr for BTC-USD. At a correlation of -0.02, they often move in opposite directions.
Performance
NDQ.AX vs. BTC-USD - Performance Comparison
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Different Trading Currencies
NDQ.AX is traded in AUD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NDQ.AX achieves a 10.94% return, which is significantly higher than BTC-USD's -29.60% return. Over the past 10 years, NDQ.AX has underperformed BTC-USD with an annualized return of 21.65%, while BTC-USD has yielded a comparatively higher 59.23% annualized return.
NDQ.AX
- 1D
- -1.45%
- 1M
- -1.46%
- 6M
- 9.73%
- YTD
- 10.94%
- 1Y
- 20.18%
- 3Y*
- 22.74%
- 5Y*
- 16.34%
- 10Y*
- 21.65%
BTC-USD
- 1D
- -0.95%
- 1M
- -1.51%
- 6M
- -36.37%
- YTD
- -29.60%
- 1Y
- -48.96%
- 3Y*
- 27.67%
- 5Y*
- 16.82%
- 10Y*
- 59.23%
NDQ.AX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDQ.AX BetaShares NASDAQ 100 ETF | 10.94% | 11.35% | 38.19% | 53.22% | -28.42% | 35.46% | 34.50% | 39.66% | 8.97% | 21.59% |
BTC-USD Bitcoin | -29.60% | -13.08% | 144.27% | 153.58% | -61.70% | 68.75% | 269.04% | 95.00% | -71.94% | 1,300.44% |
Correlation
The correlation between NDQ.AX and BTC-USD is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 26, 2015 | -0.02 |
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Return for Risk
NDQ.AX vs. BTC-USD — Risk / Return Rank
NDQ.AX
BTC-USD
NDQ.AX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaShares NASDAQ 100 ETF (NDQ.AX) 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.
| NDQ.AX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.80 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | -0.89 | +2.19 |
| Martin ratioReturn relative to average drawdown | 3.30 | -1.40 | +4.69 |
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Drawdowns
NDQ.AX vs. BTC-USD - Drawdown Comparison
The maximum NDQ.AX drawdown since its inception was -30.79%, smaller than the maximum BTC-USD drawdown of -83.70%. Use the drawdown chart below to compare losses from any high point for NDQ.AX and BTC-USD.
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Drawdown Indicators
| NDQ.AX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -83.70% | +52.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -55.15% | +39.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -55.15% | +33.88% |
Max Drawdown (5Y)Largest decline over 5 years | -30.79% | -73.77% | +42.98% |
Max Drawdown (10Y)Largest decline over 10 years | -30.79% | -82.07% | +51.28% |
Current DrawdownCurrent decline from peak | -3.79% | -51.06% | +47.27% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -39.56% | +33.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.08% | 33.13% | -27.05% |
Volatility
NDQ.AX vs. BTC-USD - Volatility Comparison
The current volatility for BetaShares NASDAQ 100 ETF (NDQ.AX) is 5.30%, while Bitcoin (BTC-USD) has a volatility of 8.95%. This indicates that NDQ.AX 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
| NDQ.AX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 8.95% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 33.40% | -21.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 33.71% | -18.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 43.24% | -24.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 55.03% | -35.88% |
Frequently Asked Questions
NDQ.AX and BTC-USD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for NDQ.AX and BTC-USD
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