SAN.PA vs. BTC-USD
SAN.PA (Sanofi) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SAN.PA returned 5.46%/yr vs 56.54%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
SAN.PA vs. BTC-USD - Performance Comparison
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Different Trading Currencies
SAN.PA is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SAN.PA achieves a -2.23% return, which is significantly higher than BTC-USD's -26.39% return. Over the past 10 years, SAN.PA has underperformed BTC-USD with an annualized return of 5.46%, while BTC-USD has yielded a comparatively higher 56.54% annualized return.
SAN.PA
- 1D
- 0.38%
- 1M
- 4.57%
- YTD
- -2.23%
- 6M
- -2.94%
- 1Y
- -6.83%
- 3Y*
- -2.17%
- 5Y*
- 1.20%
- 10Y*
- 5.46%
BTC-USD
- 1D
- 0.00%
- 1M
- -21.07%
- YTD
- -26.39%
- 6M
- -28.70%
- 1Y
- -40.31%
- 3Y*
- 33.21%
- 5Y*
- 10.38%
- 10Y*
- 56.54%
SAN.PA vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between SAN.PA 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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012 | 0.01 |
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Return for Risk
SAN.PA vs. BTC-USD — Risk / Return Rank
SAN.PA
BTC-USD
SAN.PA vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sanofi (SAN.PA) 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.
| SAN.PA | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.86 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.80 | +0.33 |
| Martin ratioReturn relative to average drawdown | -0.85 | -1.38 | +0.53 |
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Drawdowns
SAN.PA vs. BTC-USD - Drawdown Comparison
The maximum SAN.PA drawdown since its inception was -43.30%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for SAN.PA and BTC-USD.
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Drawdown Indicators
| SAN.PA | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.30% | -83.05% | +39.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -50.24% | +34.06% |
Max Drawdown (3Y)Largest decline over 3 years | -27.80% | -50.24% | +22.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.80% | -73.60% | +45.80% |
Max Drawdown (10Y)Largest decline over 10 years | -30.35% | -82.51% | +52.16% |
Current DrawdownCurrent decline from peak | -22.98% | -48.50% | +25.52% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -40.03% | +26.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.92% | 34.94% | -26.02% |
Volatility
SAN.PA vs. BTC-USD - Volatility Comparison
The current volatility for Sanofi (SAN.PA) is 6.61%, while Bitcoin (BTC-USD) has a volatility of 11.08%. This indicates that SAN.PA 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
| SAN.PA | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 11.08% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.36% | 34.70% | -19.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 35.21% | -11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 44.75% | -21.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.35% | 55.74% | -34.39% |
Frequently Asked Questions
SAN.PA 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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