PYPL vs. BTCO
PYPL (PayPal Holdings, Inc.) is a stock, while BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate. Over the past year, PYPL returned -43.32% vs -39.40% for BTCO. At a 0.36 correlation, their price movements are largely independent.
Performance
PYPL vs. BTCO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PYPL having a -28.88% return and BTCO slightly higher at -27.65%.
PYPL
- 1D
- -0.07%
- 1M
- -8.76%
- YTD
- -28.88%
- 6M
- -32.07%
- 1Y
- -43.32%
- 3Y*
- -13.13%
- 5Y*
- -30.87%
- 10Y*
- 1.25%
BTCO
- 1D
- 5.10%
- 1M
- -20.91%
- YTD
- -27.65%
- 6M
- -30.32%
- 1Y
- -39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPL vs. BTCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PYPL PayPal Holdings, Inc. | -28.88% | -31.44% | 39.12% |
BTCO Invesco Galaxy Bitcoin ETF | -27.65% | -6.58% | 100.54% |
Correlation
The correlation between PYPL and BTCO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.36 |
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Return for Risk
PYPL vs. BTCO — Risk / Return Rank
PYPL
BTCO
PYPL vs. BTCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PayPal Holdings, Inc. (PYPL) and Invesco Galaxy Bitcoin ETF (BTCO). 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.
| PYPL | BTCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.86 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.76 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.55 | -1.36 | -0.19 |
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
| PYPL | BTCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.11 | -0.90 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.27 | -0.27 |
Drawdowns
PYPL vs. BTCO - Drawdown Comparison
The maximum PYPL drawdown since its inception was -87.30%, which is greater than BTCO's maximum drawdown of -52.05%. Use the drawdown chart below to compare losses from any high point for PYPL and BTCO.
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Drawdown Indicators
| PYPL | BTCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.30% | -52.05% | -35.25% |
Max Drawdown (1Y)Largest decline over 1 year | -49.92% | -52.05% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -57.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.30% | — | — |
Current DrawdownCurrent decline from peak | -86.51% | -49.60% | -36.91% |
Average DrawdownAverage peak-to-trough decline | -35.69% | -16.12% | -19.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.99% | 28.93% | -0.94% |
Volatility
PYPL vs. BTCO - Volatility Comparison
The current volatility for PayPal Holdings, Inc. (PYPL) is 6.73%, while Invesco Galaxy Bitcoin ETF (BTCO) has a volatility of 11.78%. This indicates that PYPL experiences smaller price fluctuations and is considered to be less risky than BTCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYPL | BTCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 11.78% | -5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 31.69% | 34.52% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.14% | 44.10% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.09% | 49.90% | -7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.78% | 49.90% | -11.12% |
Dividends
PYPL vs. BTCO - Dividend Comparison
PYPL's dividend yield for the trailing twelve months is around 1.02%, while BTCO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | 0.00% | 0.00% |
PYPL PayPal Holdings, Inc. | 1.02% | 0.24% |
Frequently Asked Questions
PYPL and BTCO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCO has higher volatility (11.78%) compared to PYPL (6.73%). In terms of maximum drawdown, PYPL dropped -87.30% vs BTCO's -52.05%.
BTCO currently has the higher Sharpe Ratio (-0.90 vs -1.11), 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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