SPMD vs. BTC-USD
SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) is Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SPMD returned 11.43%/yr vs 58.73%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
SPMD vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPMD achieves a 13.50% return, which is significantly higher than BTC-USD's -29.30% return. Over the past 10 years, SPMD has underperformed BTC-USD with an annualized return of 11.43%, while BTC-USD has yielded a comparatively higher 58.73% annualized return.
SPMD
- 1D
- 0.82%
- 1M
- 0.99%
- YTD
- 13.50%
- 6M
- 13.79%
- 1Y
- 23.67%
- 3Y*
- 15.34%
- 5Y*
- 8.06%
- 10Y*
- 11.43%
BTC-USD
- 1D
- -1.90%
- 1M
- -24.74%
- YTD
- -29.30%
- 6M
- -33.26%
- 1Y
- -43.91%
- 3Y*
- 33.75%
- 5Y*
- 11.01%
- 10Y*
- 58.73%
SPMD vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 13.50% | 7.44% | 13.91% | 16.48% | -13.13% | 24.76% | 13.46% | 25.19% | -10.34% | 15.12% |
BTC-USD Bitcoin | -29.30% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between SPMD and BTC-USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.13 |
Over the past year, SPMD and BTC-USD have become more correlated (0.36) than their long-term average of 0.13, meaning their price movements have been converging.
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
SPMD vs. BTC-USD — Risk / Return Rank
SPMD
BTC-USD
SPMD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) 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.
| SPMD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.74 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.84 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.86 | +3.54 |
| Martin ratioReturn relative to average drawdown | 9.83 | -1.52 | +11.35 |
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
| SPMD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | -1.03 | +2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.20 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.86 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.13 | -0.68 |
Drawdowns
SPMD vs. BTC-USD - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SPMD and BTC-USD.
Loading charts...
Drawdown Indicators
| SPMD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.62% | -85.30% | +27.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -51.21% | +42.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.08% | -51.21% | +27.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | -76.67% | +52.59% |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | -83.80% | +41.94% |
Current DrawdownCurrent decline from peak | -0.91% | -50.40% | +49.49% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -42.32% | +34.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 34.60% | -32.19% |
Volatility
SPMD vs. BTC-USD - Volatility Comparison
The current volatility for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is 4.21%, while Bitcoin (BTC-USD) has a volatility of 11.29%. This indicates that SPMD 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
| SPMD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 11.29% | -7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 34.48% | -22.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 35.69% | -20.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 44.74% | -25.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 56.71% | -35.53% |
Frequently Asked Questions
SPMD and BTC-USD have a correlation of 0.36, 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 (11.29%) compared to SPMD (4.21%). In terms of maximum drawdown, SPMD dropped -57.62% vs BTC-USD's -85.30%.
SPMD currently has the higher Sharpe Ratio (1.52 vs -1.03), 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 SPMD 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