NEAR-USD vs. BTC-USD
NEAR-USD (NEAR Protocol) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, NEAR-USD returned -9.02%/yr vs 11.35%/yr for BTC-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
NEAR-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR-USD achieves a 32.03% return, which is significantly higher than BTC-USD's -29.97% return.
NEAR-USD
- 1D
- -9.24%
- 1M
- 34.07%
- YTD
- 32.03%
- 6M
- 18.61%
- 1Y
- -11.25%
- 3Y*
- 9.15%
- 5Y*
- -9.02%
- 10Y*
- —
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
NEAR-USD vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NEAR-USD NEAR Protocol | 32.03% | -69.13% | 34.16% | 191.37% | -91.43% | 947.53% | 17.58% |
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 153.68% |
Correlation
The correlation between NEAR-USD and BTC-USD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.63 |
The correlation between NEAR-USD and BTC-USD has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
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Return for Risk
NEAR-USD vs. BTC-USD — Risk / Return Rank
NEAR-USD
BTC-USD
NEAR-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEAR Protocol (NEAR-USD) 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.
| NEAR-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.87 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | -0.78 | +0.62 |
| Martin ratioReturn relative to average drawdown | -0.27 | -1.39 | +1.12 |
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
| NEAR-USD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | -0.93 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.21 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.13 | -1.05 |
Drawdowns
NEAR-USD vs. BTC-USD - Drawdown Comparison
The maximum NEAR-USD drawdown since its inception was -95.24%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for NEAR-USD and BTC-USD.
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Drawdown Indicators
| NEAR-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.24% | -85.30% | -9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -69.74% | -50.87% | -18.87% |
Max Drawdown (3Y)Largest decline over 3 years | -89.15% | -50.87% | -38.28% |
Max Drawdown (5Y)Largest decline over 5 years | -95.24% | -76.67% | -18.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -90.12% | -50.87% | -39.25% |
Average DrawdownAverage peak-to-trough decline | -69.34% | -42.29% | -27.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.55% | 34.02% | +13.53% |
Volatility
NEAR-USD vs. BTC-USD - Volatility Comparison
NEAR Protocol (NEAR-USD) has a higher volatility of 44.37% compared to Bitcoin (BTC-USD) at 10.54%. This indicates that NEAR-USD'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
| NEAR-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.37% | 10.54% | +33.83% |
Volatility (6M)Calculated over the trailing 6-month period | 69.50% | 34.26% | +35.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.68% | 35.65% | +48.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.73% | 44.98% | +50.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.51% | 56.70% | +45.81% |
Frequently Asked Questions
NEAR-USD and BTC-USD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAR-USD has higher volatility (44.37%) compared to BTC-USD (10.54%). In terms of maximum drawdown, NEAR-USD dropped -95.24% vs BTC-USD's -85.30%.
NEAR-USD currently has the higher Sharpe Ratio (-0.11 vs -0.93), 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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