SPG vs. BTC-USD
SPG (Simon Property Group, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SPG returned 6.11%/yr vs 55.97%/yr for BTC-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
SPG vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SPG achieves a 21.01% return, which is significantly higher than BTC-USD's -25.06% return. Over the past 10 years, SPG has underperformed BTC-USD with an annualized return of 6.11%, while BTC-USD has yielded a comparatively higher 55.97% annualized return.
SPG
- 1D
- 1.95%
- 1M
- 10.71%
- YTD
- 21.01%
- 6M
- 23.06%
- 1Y
- 46.24%
- 3Y*
- 32.01%
- 5Y*
- 16.57%
- 10Y*
- 6.11%
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%
SPG vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPG Simon Property Group, Inc. | 21.01% | 12.94% | 26.92% | 29.24% | -21.91% | 95.72% | -38.64% | -6.74% | 2.55% | 0.98% |
BTC-USD Bitcoin | -25.06% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between SPG and BTC-USD is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2012 | 0.07 |
The correlation between SPG and BTC-USD shifts across timeframes, from 0.07 (all time) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPG vs. BTC-USD — Risk / Return Rank
SPG
BTC-USD
SPG vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simon Property Group, Inc. (SPG) 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.
| SPG | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.27 | ||
| Sortino ratioReturn per unit of downside risk | +4.54 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.88 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | -0.74 | +4.61 |
| Martin ratioReturn relative to average drawdown | 14.03 | -1.28 | +15.31 |
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Drawdowns
SPG vs. BTC-USD - Drawdown Comparison
The maximum SPG drawdown since its inception was -77.00%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SPG and BTC-USD.
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Drawdown Indicators
| SPG | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -85.30% | +8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -51.21% | +39.67% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | -51.21% | +26.89% |
Max Drawdown (5Y)Largest decline over 5 years | -45.84% | -76.67% | +30.83% |
Max Drawdown (10Y)Largest decline over 10 years | -77.00% | -83.80% | +6.80% |
Current DrawdownCurrent decline from peak | 0.00% | -47.43% | +47.43% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -42.37% | +28.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 35.28% | -32.10% |
Volatility
SPG vs. BTC-USD - Volatility Comparison
The current volatility for Simon Property Group, Inc. (SPG) is 5.43%, while Bitcoin (BTC-USD) has a volatility of 12.10%. This indicates that SPG 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
| SPG | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 12.10% | -6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 34.64% | -20.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 35.63% | -16.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.55% | 44.55% | -18.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.08% | 56.61% | -19.53% |
Frequently Asked Questions
SPG and BTC-USD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.10%) compared to SPG (5.43%). In terms of maximum drawdown, SPG dropped -77.00% vs BTC-USD's -85.30%.
SPG currently has the higher Sharpe Ratio (2.38 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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