NOK=X vs. BTC-USD
Compare and contrast key facts about USD/NOK (NOK=X) and Bitcoin (BTC-USD).
Performance
NOK=X vs. BTC-USD - Performance Comparison
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NOK=X vs. BTC-USD - Yearly Performance Comparison
Different Trading Currencies
NOK=X is traded in NOK, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to NOK using the latest available exchange rates.
Returns By Period
In the year-to-date period, NOK=X achieves a -3.36% return, which is significantly higher than BTC-USD's -24.77% return. Over the past 10 years, NOK=X has underperformed BTC-USD with an annualized return of 1.62%, while BTC-USD has yielded a comparatively higher 69.00% annualized return.
NOK=X
- 1D
- 0.74%
- 1M
- 1.88%
- YTD
- -3.36%
- 6M
- -1.71%
- 1Y
- -6.87%
- 3Y*
- -2.36%
- 5Y*
- 2.76%
- 10Y*
- 1.62%
BTC-USD
- 1D
- 0.00%
- 1M
- 0.60%
- YTD
- -24.77%
- 6M
- -44.83%
- 1Y
- -22.46%
- 3Y*
- 32.39%
- 5Y*
- 5.76%
- 10Y*
- 69.00%
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Return for Risk
NOK=X vs. BTC-USD — Risk / Return Rank
NOK=X
BTC-USD
NOK=X vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/NOK (NOK=X) 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.
| NOK=X | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.57 | -0.52 | -0.05 |
Sortino ratioReturn per unit of downside risk | -0.77 | -0.51 | -0.25 |
Omega ratioGain probability vs. loss probability | 0.91 | 0.94 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.35 | -1.12 | +0.77 |
Martin ratioReturn relative to average drawdown | -0.74 | -1.99 | +1.25 |
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
| NOK=X | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -0.52 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.10 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 1.03 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.26 | -1.08 |
Correlation
The correlation between NOK=X and BTC-USD is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Drawdowns
NOK=X vs. BTC-USD - Drawdown Comparison
The maximum NOK=X drawdown since its inception was -35.52%, smaller than the maximum BTC-USD drawdown of -82.70%. Use the drawdown chart below to compare losses from any high point for NOK=X and BTC-USD.
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Drawdown Indicators
| NOK=X | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -85.30% | +49.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.69% | -49.65% | +35.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.44% | -76.67% | +59.23% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -83.80% | +48.28% |
Current DrawdownCurrent decline from peak | -17.88% | -46.47% | +28.59% |
Average DrawdownAverage peak-to-trough decline | -13.06% | -42.00% | +28.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 27.75% | -23.73% |
Volatility
NOK=X vs. BTC-USD - Volatility Comparison
The current volatility for USD/NOK (NOK=X) is 3.15%, while Bitcoin (BTC-USD) has a volatility of 14.53%. This indicates that NOK=X 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
| NOK=X | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 14.53% | -11.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 35.07% | -28.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 36.00% | -26.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.83% | 46.01% | -34.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 55.77% | -42.79% |