SMTGY vs. BTC-USD
SMTGY (SMA Solar Technology AG) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, SMTGY returned 2.09%/yr vs 13.75%/yr for BTC-USD. At a 0.03 correlation, their price movements are largely independent.
Performance
SMTGY vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SMTGY achieves a 57.43% return, which is significantly higher than BTC-USD's -28.58% return.
SMTGY
- 1D
- 8.26%
- 1M
- 15.32%
- 6M
- 50.94%
- YTD
- 57.43%
- 1Y
- 152.96%
- 3Y*
- -14.65%
- 5Y*
- 2.09%
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
SMTGY vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMTGY SMA Solar Technology AG | 57.43% | 201.14% | -78.32% | -10.78% | 69.47% | -36.69% | 37.50% |
BTC-USD Bitcoin | -28.58% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 121.83% |
Correlation
The correlation between SMTGY 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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.03 |
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Return for Risk
SMTGY vs. BTC-USD — Risk / Return Rank
SMTGY
BTC-USD
SMTGY vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SMA Solar Technology AG (SMTGY) 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.
| SMTGY | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.83 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | -0.90 | +5.46 |
| Martin ratioReturn relative to average drawdown | 12.02 | -1.46 | +13.47 |
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Drawdowns
SMTGY vs. BTC-USD - Drawdown Comparison
The maximum SMTGY drawdown since its inception was -89.48%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SMTGY and BTC-USD.
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Drawdown Indicators
| SMTGY | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.48% | -85.30% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -33.70% | -53.08% | +19.38% |
Max Drawdown (3Y)Largest decline over 3 years | -87.96% | -53.08% | -34.88% |
Max Drawdown (5Y)Largest decline over 5 years | -89.48% | -76.67% | -12.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -45.69% | -49.89% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -48.25% | -42.55% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.78% | 28.99% | -16.21% |
Volatility
SMTGY vs. BTC-USD - Volatility Comparison
SMA Solar Technology AG (SMTGY) has a higher volatility of 15.86% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that SMTGY'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
| SMTGY | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.86% | 8.86% | +7.00% |
Volatility (6M)Calculated over the trailing 6-month period | 50.88% | 34.96% | +15.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.56% | 35.56% | +42.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.87% | 43.94% | +30.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.64% | 56.32% | +29.32% |
Frequently Asked Questions
SMTGY 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.
SMTGY has higher volatility (15.86%) compared to BTC-USD (8.86%). In terms of maximum drawdown, SMTGY dropped -89.48% vs BTC-USD's -85.30%.
SMTGY currently has the higher Sharpe Ratio (1.99 vs -1.11), 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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