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 14.86%/yr vs 59.53%/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 -0.59% return, which is significantly higher than BTC-USD's -28.68% return. Over the past 10 years, QAN.AX has underperformed BTC-USD with an annualized return of 14.86%, while BTC-USD has yielded a comparatively higher 59.53% annualized return.
QAN.AX
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- -0.87%
- YTD
- -0.59%
- 1Y
- -4.81%
- 3Y*
- 18.18%
- 5Y*
- 18.54%
- 10Y*
- 14.86%
- ALL TIME*
- 4.71%
BTC-USD
- 1D
- 1.12%
- 1M
- 3.32%
- 6M
- -32.16%
- YTD
- -28.68%
- 1Y
- -48.10%
- 3Y*
- 28.15%
- 5Y*
- 16.45%
- 10Y*
- 59.53%
- ALL TIME*
- 94.31%
QAN.AX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QAN.AX Qantas Airways Limited | -0.59% | 21.79% | 67.04% | -10.65% | 19.96% | 3.30% | -31.79% | 28.19% | 18.12% | 56.17% |
BTC-USD Bitcoin | -28.68% | -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 | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QAN.AX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.81 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.87 | +0.76 |
| Martin ratioReturn relative to average drawdown | -0.20 | -1.35 | +1.15 |
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Drawdowns
QAN.AX vs. BTC-USD - Drawdown Comparison
The maximum QAN.AX drawdown since its inception was -84.01%, 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 | -84.01% | -83.70% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -29.58% | -55.15% | +25.57% |
Max Drawdown (3Y)Largest decline over 3 years | -29.58% | -55.15% | +25.57% |
Max Drawdown (5Y)Largest decline over 5 years | -30.29% | -73.77% | +43.48% |
Max Drawdown (10Y)Largest decline over 10 years | -71.08% | -82.07% | +10.99% |
Current DrawdownCurrent decline from peak | -12.82% | -50.41% | +37.59% |
Average DrawdownAverage peak-to-trough decline | -38.37% | -39.61% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.46% | 32.04% | -15.58% |
Volatility
QAN.AX vs. BTC-USD - Volatility Comparison
The current volatility for Qantas Airways Limited (QAN.AX) is 5.63%, while Bitcoin (BTC-USD) has a volatility of 8.64%. This indicates that QAN.AX 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.
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Volatility by Period
| QAN.AX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 8.64% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 24.37% | 33.37% | -9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.10% | 33.70% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.71% | 43.22% | -14.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.50% | 55.03% | -22.53% |
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.
Find the right allocation for QAN.AX and BTC-USD
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