SPGP vs. BTC-USD
SPGP (Invesco S&P 500 GARP ETF) is Multi-factor fund tracking the S&P 500 GARP Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SPGP returned 14.90%/yr vs 59.68%/yr for BTC-USD. At a 0.12 correlation, their price movements are largely independent.
Performance
SPGP vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPGP achieves a 5.49% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, SPGP has underperformed BTC-USD with an annualized return of 14.90%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
SPGP
- 1D
- 0.36%
- 1M
- 1.99%
- YTD
- 5.49%
- 6M
- 6.49%
- 1Y
- 16.35%
- 3Y*
- 12.58%
- 5Y*
- 7.86%
- 10Y*
- 14.90%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
SPGP vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | 5.49% | 9.80% | 8.48% | 20.29% | -13.83% | 35.72% | 15.92% | 39.16% | 1.68% | 36.24% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between SPGP and BTC-USD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.12 |
The correlation between SPGP and BTC-USD shifts across timeframes, from 0.12 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPGP vs. BTC-USD — Risk / Return Rank
SPGP
BTC-USD
SPGP vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) 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.
| SPGP | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.86 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.80 | +2.27 |
| Martin ratioReturn relative to average drawdown | 5.65 | -1.42 | +7.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPGP | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | -0.95 | +2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.20 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.87 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.13 | -0.40 |
Drawdowns
SPGP vs. BTC-USD - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SPGP and BTC-USD.
Loading charts...
Drawdown Indicators
| SPGP | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -85.30% | +43.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.15% | -51.21% | +40.06% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -51.21% | +28.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -76.67% | +53.80% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -83.80% | +41.72% |
Current DrawdownCurrent decline from peak | -1.59% | -49.86% | +48.27% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -42.32% | +37.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 34.46% | -31.56% |
Volatility
SPGP vs. BTC-USD - Volatility Comparison
The current volatility for Invesco S&P 500 GARP ETF (SPGP) is 4.04%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that SPGP 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.
Loading charts...
Volatility by Period
| SPGP | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 11.59% | -7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 34.53% | -22.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 35.67% | -20.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 44.95% | -26.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 56.71% | -35.50% |
Frequently Asked Questions
SPGP and BTC-USD have a correlation of 0.31, 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 (11.59%) compared to SPGP (4.04%). In terms of maximum drawdown, SPGP dropped -42.08% vs BTC-USD's -85.30%.
SPGP currently has the higher Sharpe Ratio (1.08 vs -0.95), 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.
Find the right allocation for SPGP and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer