SPYM vs. BTC-USD
SPYM (State Street SPDR Portfolio S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SPYM returned 15.36%/yr vs 58.73%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
SPYM vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SPYM achieves a 8.42% return, which is significantly higher than BTC-USD's -29.30% return. Over the past 10 years, SPYM has underperformed BTC-USD with an annualized return of 15.36%, while BTC-USD has yielded a comparatively higher 58.73% annualized return.
SPYM
- 1D
- -0.30%
- 1M
- -0.07%
- YTD
- 8.42%
- 6M
- 8.55%
- 1Y
- 24.43%
- 3Y*
- 21.34%
- 5Y*
- 13.32%
- 10Y*
- 15.36%
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%
SPYM vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYM State Street SPDR Portfolio S&P 500 ETF | 8.42% | 17.79% | 25.00% | 26.24% | -18.09% | 28.78% | 18.49% | 31.99% | -4.78% | 21.30% |
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 SPYM and BTC-USD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
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, SPYM and BTC-USD have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
SPYM vs. BTC-USD — Risk / Return Rank
SPYM
BTC-USD
SPYM vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 ETF (SPYM) 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.
| SPYM | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.84 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | -0.86 | +3.61 |
| Martin ratioReturn relative to average drawdown | 12.66 | -1.52 | +14.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYM | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | -1.03 | +3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.20 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.86 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.13 | -0.52 |
Drawdowns
SPYM vs. BTC-USD - Drawdown Comparison
The maximum SPYM drawdown since its inception was -54.46%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SPYM and BTC-USD.
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Drawdown Indicators
| SPYM | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.46% | -85.30% | +30.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -51.21% | +42.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -51.21% | +32.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -76.67% | +52.19% |
Max Drawdown (10Y)Largest decline over 10 years | -33.87% | -83.80% | +49.93% |
Current DrawdownCurrent decline from peak | -2.95% | -50.40% | +47.45% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -42.32% | +35.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 34.60% | -32.67% |
Volatility
SPYM vs. BTC-USD - Volatility Comparison
The current volatility for State Street SPDR Portfolio S&P 500 ETF (SPYM) is 3.64%, while Bitcoin (BTC-USD) has a volatility of 11.29%. This indicates that SPYM 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
| SPYM | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 11.29% | -7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 34.48% | -25.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 35.69% | -23.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 44.74% | -27.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 56.71% | -38.69% |
Frequently Asked Questions
SPYM and BTC-USD have a correlation of 0.38, 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 SPYM (3.64%). In terms of maximum drawdown, SPYM dropped -54.46% vs BTC-USD's -85.30%.
SPYM currently has the higher Sharpe Ratio (2.04 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.
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