NOKUSD=X vs. BTC-USD

The year-to-date returns for both investments are quite close, with NOKUSD=X having a 11.26% return and BTC-USD slightly higher at 11.31%. Over the past 10 years, NOKUSD=X has underperformed BTC-USD with an annualized return of -2.64%, while BTC-USD has yielded a comparatively higher 84.64% annualized return.

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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.

The current NOKUSD=X Sharpe Ratio is 0.28, which is lower than the BTC-USD Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of NOKUSD=X and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum NOKUSD=X drawdown since its inception was -57.77%, smaller than the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for NOKUSD=X and BTC-USD.

The current volatility for NOK/USD (NOKUSD=X) is 3.40%, while Bitcoin (BTC-USD) has a volatility of 10.39%. 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.