SHIB-USD vs. BTC-USD
SHIB-USD (Shiba Inu) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, SHIB-USD returned -8.91%/yr vs 13.96%/yr for BTC-USD. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
SHIB-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SHIB-USD achieves a -36.28% return, which is significantly lower than BTC-USD's -30.61% return.
SHIB-USD
- 1D
- -3.73%
- 1M
- -21.04%
- YTD
- -36.28%
- 6M
- -39.11%
- 1Y
- -62.51%
- 3Y*
- -17.65%
- 5Y*
- -8.91%
- 10Y*
- —
BTC-USD
- 1D
- -3.08%
- 1M
- -21.40%
- YTD
- -30.61%
- 6M
- -30.69%
- 1Y
- -42.79%
- 3Y*
- 25.82%
- 5Y*
- 13.96%
- 10Y*
- 57.69%
SHIB-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between SHIB-USD and BTC-USD is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.68 |
The correlation between SHIB-USD and BTC-USD has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
SHIB-USD vs. BTC-USD — Risk / Return Rank
SHIB-USD
BTC-USD
SHIB-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shiba Inu (SHIB-USD) 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.
| SHIB-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.85 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.83 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.40 | +0.08 |
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Drawdowns
SHIB-USD vs. BTC-USD - Drawdown Comparison
The maximum SHIB-USD drawdown since its inception was -94.59%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SHIB-USD and BTC-USD.
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Drawdown Indicators
| SHIB-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.59% | -85.30% | -9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -71.71% | -51.32% | -20.39% |
Max Drawdown (3Y)Largest decline over 3 years | -87.80% | -51.32% | -36.48% |
Max Drawdown (5Y)Largest decline over 5 years | -94.59% | -76.67% | -17.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -94.59% | -51.32% | -43.27% |
Average DrawdownAverage peak-to-trough decline | -80.22% | -42.41% | -37.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.83% | 31.43% | +5.40% |
Volatility
SHIB-USD vs. BTC-USD - Volatility Comparison
Shiba Inu (SHIB-USD) has a higher volatility of 14.54% compared to Bitcoin (BTC-USD) at 12.46%. This indicates that SHIB-USD'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
| SHIB-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 12.46% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 45.11% | 34.72% | +10.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.15% | 35.61% | +19.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.21% | 44.27% | +49.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.21% | 56.41% | +151.80% |
Frequently Asked Questions
SHIB-USD and BTC-USD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIB-USD has higher volatility (14.54%) compared to BTC-USD (12.46%). In terms of maximum drawdown, SHIB-USD dropped -94.59% vs BTC-USD's -85.30%.
SHIB-USD currently has the higher Sharpe Ratio (-0.94 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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