NOKUSD=X vs. BTC-USD
Compare and contrast key facts about NOK/USD (NOKUSD=X) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOKUSD=X or BTC-USD.
Correlation
The correlation between NOKUSD=X and BTC-USD is 0.08, 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.
Performance
NOKUSD=X vs. BTC-USD - Performance Comparison
Key characteristics
NOKUSD=X:
-0.20
BTC-USD:
1.33
NOKUSD=X:
-0.21
BTC-USD:
2.04
NOKUSD=X:
0.98
BTC-USD:
1.20
NOKUSD=X:
-0.04
BTC-USD:
1.07
NOKUSD=X:
-0.43
BTC-USD:
6.06
NOKUSD=X:
4.86%
BTC-USD:
10.82%
NOKUSD=X:
10.44%
BTC-USD:
43.89%
NOKUSD=X:
-57.77%
BTC-USD:
-93.07%
NOKUSD=X:
-55.78%
BTC-USD:
-8.20%
Returns By Period
In the year-to-date period, NOKUSD=X achieves a 1.37% return, which is significantly lower than BTC-USD's 4.29% return. Over the past 10 years, NOKUSD=X has underperformed BTC-USD with an annualized return of -3.59%, while BTC-USD has yielded a comparatively higher 82.68% annualized return.
NOKUSD=X
1.37%
2.30%
-3.68%
-5.51%
-3.48%
-3.59%
BTC-USD
4.29%
3.04%
64.16%
101.76%
56.66%
82.68%
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Risk-Adjusted Performance
NOKUSD=X vs. BTC-USD — Risk-Adjusted Performance Rank
NOKUSD=X
BTC-USD
NOKUSD=X vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NOK/USD (NOKUSD=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.
Drawdowns
NOKUSD=X vs. BTC-USD - Drawdown Comparison
The maximum NOKUSD=X drawdown since its inception was -57.77%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for NOKUSD=X and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
NOKUSD=X vs. BTC-USD - Volatility Comparison
The current volatility for NOK/USD (NOKUSD=X) is 4.17%, while Bitcoin (BTC-USD) has a volatility of 11.72%. This indicates that NOKUSD=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.