QAN.AX vs. BTC-USD
QAN.AX (Qantas Airways Limited) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, QAN.AX returned 14.62%/yr vs 60.26%/yr for BTC-USD. At a correlation of -0.00, they often move in opposite directions.
Performance
QAN.AX vs. BTC-USD - Performance Comparison
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Different Trading Currencies
QAN.AX is traded in AUD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QAN.AX achieves a -9.75% return, which is significantly higher than BTC-USD's -33.69% return. Over the past 10 years, QAN.AX has underperformed BTC-USD with an annualized return of 14.62%, while BTC-USD has yielded a comparatively higher 60.26% annualized return.
QAN.AX
- 1D
- -0.11%
- 1M
- 6.89%
- YTD
- -9.75%
- 6M
- -4.51%
- 1Y
- -7.77%
- 3Y*
- 14.20%
- 5Y*
- 15.15%
- 10Y*
- 14.62%
BTC-USD
- 1D
- -2.79%
- 1M
- -22.71%
- YTD
- -33.69%
- 6M
- -35.39%
- 1Y
- -44.32%
- 3Y*
- 28.64%
- 5Y*
- 12.81%
- 10Y*
- 60.26%
QAN.AX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QAN.AX Qantas Airways Limited | -9.75% | 21.79% | 67.04% | -10.65% | 19.96% | 3.30% | -30.08% | 28.19% | 18.12% | 56.17% |
BTC-USD Bitcoin | -33.69% | -13.08% | 144.27% | 153.58% | -61.70% | 68.75% | 269.04% | 95.00% | -71.94% | 1,300.44% |
Correlation
The correlation between QAN.AX and BTC-USD is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | -0.00 |
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Return for Risk
QAN.AX vs. BTC-USD — Risk / Return Rank
QAN.AX
BTC-USD
QAN.AX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Qantas Airways Limited (QAN.AX) 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.
| QAN.AX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.83 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.82 | +0.47 |
| Martin ratioReturn relative to average drawdown | -0.66 | -1.45 | +0.79 |
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
| QAN.AX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | -1.09 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.24 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.90 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.18 | -0.92 |
Drawdowns
QAN.AX vs. BTC-USD - Drawdown Comparison
The maximum QAN.AX drawdown since its inception was -81.91%, roughly equal to the maximum BTC-USD drawdown of -83.70%. Use the drawdown chart below to compare losses from any high point for QAN.AX and BTC-USD.
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Drawdown Indicators
| QAN.AX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.91% | -83.70% | +1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -29.51% | -53.90% | +24.39% |
Max Drawdown (3Y)Largest decline over 3 years | -29.51% | -53.90% | +24.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.29% | -73.77% | +43.48% |
Max Drawdown (10Y)Largest decline over 10 years | -70.36% | -82.07% | +11.71% |
Current DrawdownCurrent decline from peak | -20.86% | -53.90% | +33.04% |
Average DrawdownAverage peak-to-trough decline | -27.46% | -39.28% | +11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.54% | 36.46% | -20.92% |
Volatility
QAN.AX vs. BTC-USD - Volatility Comparison
Qantas Airways Limited (QAN.AX) and Bitcoin (BTC-USD) have volatilities of 9.97% and 10.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QAN.AX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 10.21% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 23.69% | 33.05% | -9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.56% | 33.78% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.85% | 44.28% | -15.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.67% | 55.55% | -22.88% |
Frequently Asked Questions
QAN.AX and BTC-USD have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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