SNOW vs. BTC-USD
SNOW (Snowflake Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, SNOW returned -0.66%/yr vs 10.30%/yr for BTC-USD. At a 0.20 correlation, their price movements are largely independent.
Performance
SNOW vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SNOW achieves a 6.12% return, which is significantly higher than BTC-USD's -25.06% return.
SNOW
- 1D
- -3.17%
- 1M
- 54.40%
- YTD
- 6.12%
- 6M
- 6.81%
- 1Y
- 11.82%
- 3Y*
- 10.31%
- 5Y*
- -0.66%
- 10Y*
- —
BTC-USD
- 1D
- 2.42%
- 1M
- -17.06%
- YTD
- -25.06%
- 6M
- -25.64%
- 1Y
- -37.83%
- 3Y*
- 36.87%
- 5Y*
- 10.30%
- 10Y*
- 55.97%
SNOW vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNOW Snowflake Inc. | 6.12% | 42.06% | -22.41% | 38.64% | -57.63% | 20.38% | 14.86% |
BTC-USD Bitcoin | -25.06% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 168.83% |
Correlation
The correlation between SNOW and BTC-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.20 |
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Return for Risk
SNOW vs. BTC-USD — Risk / Return Rank
SNOW
BTC-USD
SNOW vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Snowflake Inc. (SNOW) 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.
| SNOW | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.88 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.74 | +0.92 |
| Martin ratioReturn relative to average drawdown | 0.39 | -1.28 | +1.68 |
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Drawdowns
SNOW vs. BTC-USD - Drawdown Comparison
The maximum SNOW drawdown since its inception was -72.99%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SNOW and BTC-USD.
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Drawdown Indicators
| SNOW | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.99% | -85.30% | +12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -56.30% | -51.21% | -5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -56.30% | -51.21% | -5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -76.67% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -42.08% | -47.43% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -49.02% | -42.37% | -6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.93% | 35.28% | -9.35% |
Volatility
SNOW vs. BTC-USD - Volatility Comparison
Snowflake Inc. (SNOW) has a higher volatility of 35.77% compared to Bitcoin (BTC-USD) at 12.10%. This indicates that SNOW'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
| SNOW | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.77% | 12.10% | +23.67% |
Volatility (6M)Calculated over the trailing 6-month period | 52.64% | 34.64% | +18.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.34% | 35.63% | +29.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.88% | 44.55% | +17.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.68% | 56.61% | +6.07% |
Frequently Asked Questions
SNOW and BTC-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNOW has higher volatility (35.77%) compared to BTC-USD (12.10%). In terms of maximum drawdown, SNOW dropped -72.99% vs BTC-USD's -85.30%.
SNOW currently has the higher Sharpe Ratio (0.16 vs -0.88), 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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