NOKUSD=X vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about NOK/USD (NOKUSD=X) and Bitcoin (BTC-USD).

Performance

NOKUSD=X vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NOK/USD (NOKUSD=X) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

NOKUSD=X vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOKUSD=X NOK/USD	3.46%	12.88%	-10.55%	-3.70%	-9.99%	-2.81%	2.34%	-1.51%	-5.04%	5.36%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, NOKUSD=X achieves a 3.46% return, which is significantly higher than BTC-USD's -23.70% return. Over the past 10 years, NOKUSD=X has underperformed BTC-USD with an annualized return of -1.57%, while BTC-USD has yielded a comparatively higher 66.03% annualized return.

NOKUSD=X

• 1D: -0.60%
• 1M: -1.73%
• YTD: 3.46%
• 6M: 1.82%
• 1Y: 7.71%
• 3Y*: 2.42%
• 5Y*: -2.63%
• 10Y*: -1.57%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NOKUSD=X vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOKUSD=X

NOKUSD=X Risk / Return Rank: 70
NOKUSD=X Sharpe Ratio Rank: 68
NOKUSD=X Sortino Ratio Rank: 69
NOKUSD=X Omega Ratio Rank: 69
NOKUSD=X Calmar Ratio Rank: 74
NOKUSD=X Martin Ratio Rank: 72

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOKUSD=X vs. BTC-USD - Risk-Adjusted Trends 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.

	NOKUSD=X	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.65	-0.43	+1.08
Sortino ratio Return per unit of downside risk	0.95	-0.36	+1.32
Omega ratio Gain probability vs. loss probability	1.13	0.96	+0.16
Calmar ratio Return relative to maximum drawdown	0.76	-1.14	+1.89
Martin ratio Return relative to average drawdown	1.39	-2.03	+3.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOKUSD=X vs. BTC-USD - Sharpe Ratio Comparison

The current NOKUSD=X Sharpe Ratio is 0.65, which is higher than the BTC-USD Sharpe Ratio of -0.43. 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.

Sharpe Ratios by Period

	NOKUSD=X	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	-0.43	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.06	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	0.97	-1.09
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	1.18	-1.37

Correlation

The correlation between NOKUSD=X and BTC-USD is 0.07, 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

NOKUSD=X vs. BTC-USD - Drawdown Comparison

The maximum NOKUSD=X drawdown since its inception was -58.52%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for NOKUSD=X and BTC-USD.

Drawdown Indicators

	NOKUSD=X	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-58.52%	-85.30%	+26.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.90%	-49.65%	+43.75%
Max Drawdown (5Y) Largest decline over 5 years	-28.68%	-76.67%	+47.99%
Max Drawdown (10Y) Largest decline over 10 years	-36.00%	-83.80%	+47.80%
Current Drawdown Current decline from peak	-49.17%	-46.47%	-2.70%
Average Drawdown Average peak-to-trough decline	-33.12%	-42.00%	+8.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	27.75%	-25.19%

Volatility

NOKUSD=X vs. BTC-USD - Volatility Comparison

The current volatility for NOK/USD (NOKUSD=X) is 3.02%, while Bitcoin (BTC-USD) has a volatility of 13.70%. 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.

Volatility by Period

	NOKUSD=X	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	13.70%	-10.68%
Volatility (6M) Calculated over the trailing 6-month period	5.98%	35.96%	-29.98%
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	36.69%	-27.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.81%	46.91%	-35.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.72%	56.71%	-44.99%