ROLG.L vs. BTC-USD
ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) is Commodities fund tracking the Bloomberg Roll Select Commodity, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, ROLG.L returned 14.55%/yr vs 12.64%/yr for BTC-USD. At a 0.08 correlation, their price movements are largely independent.
Performance
ROLG.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
ROLG.L is traded in GBP, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ROLG.L achieves a 27.75% return, which is significantly higher than BTC-USD's -27.31% return.
ROLG.L
- 1D
- -1.64%
- 1M
- -1.90%
- YTD
- 27.75%
- 6M
- 27.51%
- 1Y
- 44.31%
- 3Y*
- 14.24%
- 5Y*
- 14.55%
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -20.99%
- YTD
- -27.31%
- 6M
- -31.69%
- 1Y
- -38.94%
- 3Y*
- 31.62%
- 5Y*
- 12.64%
- 10Y*
- 60.90%
ROLG.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 27.75% | 8.64% | 6.25% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -9.45% |
BTC-USD Bitcoin | -27.31% | -12.95% | 125.81% | 140.73% | -59.81% | 60.91% | 292.68% | 86.71% | -42.05% |
Correlation
The correlation between ROLG.L and BTC-USD is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.08 |
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Return for Risk
ROLG.L vs. BTC-USD — Risk / Return Rank
ROLG.L
BTC-USD
ROLG.L vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) 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.
| ROLG.L | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.58 | ||
| Sortino ratioReturn per unit of downside risk | +4.55 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.86 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 6.47 | -0.78 | +7.25 |
| Martin ratioReturn relative to average drawdown | 18.28 | -1.39 | +19.67 |
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
| ROLG.L | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | -0.93 | +3.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.23 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.14 | -0.56 |
Drawdowns
ROLG.L vs. BTC-USD - Drawdown Comparison
The maximum ROLG.L drawdown since its inception was -22.66%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for ROLG.L and BTC-USD.
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Drawdown Indicators
| ROLG.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -84.19% | +61.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -49.84% | +43.03% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -49.84% | +36.57% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -73.24% | +53.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.15% | — |
Current DrawdownCurrent decline from peak | -4.56% | -48.98% | +44.42% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -40.26% | +31.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 33.59% | -31.17% |
Volatility
ROLG.L vs. BTC-USD - Volatility Comparison
The current volatility for iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) is 5.90%, while Bitcoin (BTC-USD) has a volatility of 10.38%. This indicates that ROLG.L 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
| ROLG.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 10.38% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 33.67% | -19.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 34.71% | -18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 44.81% | -27.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 56.04% | -39.06% |
Frequently Asked Questions
ROLG.L and BTC-USD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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