SOL-USD vs. BTC-USD
SOL-USD (Solana) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, SOL-USD returned 23.94%/yr vs 15.51%/yr for BTC-USD. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
SOL-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -38.21% return, which is significantly lower than BTC-USD's -26.24% return.
SOL-USD
- 1D
- -1.17%
- 1M
- 4.02%
- 6M
- -47.58%
- YTD
- -38.21%
- 1Y
- -53.12%
- 3Y*
- 41.00%
- 5Y*
- 23.94%
- 10Y*
- —
BTC-USD
- 1D
- -0.69%
- 1M
- -2.62%
- 6M
- -33.43%
- YTD
- -26.24%
- 1Y
- -45.20%
- 3Y*
- 28.74%
- 5Y*
- 15.51%
- 10Y*
- 57.66%
SOL-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between SOL-USD and BTC-USD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.61 |
Over the past year, SOL-USD and BTC-USD have become more correlated (0.85) than their long-term average of 0.61, meaning their price movements have been converging.
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Return for Risk
SOL-USD vs. BTC-USD — Risk / Return Rank
SOL-USD
BTC-USD
SOL-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-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.
| SOL-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.84 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.85 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.04 | -1.38 | +0.33 |
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Drawdowns
SOL-USD vs. BTC-USD - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, 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 SOL-USD and BTC-USD.
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Drawdown Indicators
| SOL-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -85.30% | -10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -53.08% | -21.81% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -53.08% | -23.20% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -76.67% | -19.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -70.65% | -48.25% | -22.40% |
Average DrawdownAverage peak-to-trough decline | -51.70% | -42.57% | -9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.95% | 29.20% | +13.75% |
Volatility
SOL-USD vs. BTC-USD - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 14.96% compared to Bitcoin (BTC-USD) at 9.75%. This indicates that SOL-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
| SOL-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.96% | 9.75% | +5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 47.69% | 34.90% | +12.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.54% | 35.75% | +23.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.26% | 43.96% | +37.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.26% | 56.34% | +42.92% |
Frequently Asked Questions
SOL-USD and BTC-USD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (14.96%) compared to BTC-USD (9.75%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs BTC-USD's -85.30%.
SOL-USD currently has the higher Sharpe Ratio (-0.74 vs -1.05), 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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