RDS.AX vs. BTC-USD
RDS.AX (Redstone Resources Limited) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, RDS.AX returned -10.06%/yr vs 60.26%/yr for BTC-USD. At a correlation of -0.03, they often move in opposite directions.
Performance
RDS.AX vs. BTC-USD - Performance Comparison
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Different Trading Currencies
RDS.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
Over the past 10 years, RDS.AX has underperformed BTC-USD with an annualized return of -10.06%, while BTC-USD has yielded a comparatively higher 60.26% annualized return.
RDS.AX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -40.00%
- 3Y*
- -27.89%
- 5Y*
- -29.31%
- 10Y*
- -10.06%
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%
RDS.AX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDS.AX Redstone Resources Limited | -0.00% | -0.00% | -40.00% | -37.50% | -42.86% | 7.69% | 62.50% | -52.94% | 26.16% | 55.56% |
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 RDS.AX and BTC-USD is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | -0.03 |
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Return for Risk
RDS.AX vs. BTC-USD — Risk / Return Rank
RDS.AX
BTC-USD
RDS.AX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Redstone Resources Limited (RDS.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.
| RDS.AX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.83 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.82 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.83 | -1.45 | +0.62 |
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
| RDS.AX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | -1.09 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.24 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.90 | -0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 1.18 | -1.32 |
Drawdowns
RDS.AX vs. BTC-USD - Drawdown Comparison
The maximum RDS.AX drawdown since its inception was -99.87%, which is greater than BTC-USD's maximum drawdown of -83.70%. Use the drawdown chart below to compare losses from any high point for RDS.AX and BTC-USD.
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Drawdown Indicators
| RDS.AX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.87% | -83.70% | -16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -71.43% | -53.90% | -17.53% |
Max Drawdown (3Y)Largest decline over 3 years | -77.78% | -53.90% | -23.88% |
Max Drawdown (5Y)Largest decline over 5 years | -88.24% | -73.77% | -14.47% |
Max Drawdown (10Y)Largest decline over 10 years | -92.01% | -82.07% | -9.94% |
Current DrawdownCurrent decline from peak | -99.80% | -53.90% | -45.90% |
Average DrawdownAverage peak-to-trough decline | -90.44% | -39.28% | -51.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.64% | 36.46% | +10.18% |
Volatility
RDS.AX vs. BTC-USD - Volatility Comparison
Redstone Resources Limited (RDS.AX) has a higher volatility of 75.43% compared to Bitcoin (BTC-USD) at 10.21%. This indicates that RDS.AX's price experiences larger fluctuations and is considered to be riskier 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
| RDS.AX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 75.43% | 10.21% | +65.22% |
Volatility (6M)Calculated over the trailing 6-month period | 118.44% | 33.05% | +85.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 165.66% | 33.78% | +131.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.53% | 44.28% | +105.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.24% | 55.55% | +87.69% |
Frequently Asked Questions
RDS.AX and BTC-USD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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