SQ2.AX vs. BTC-USD

Last updated Jun 5, 2026

SQ2.AX (Block, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. At a 0.01 correlation, their price movements are largely independent.

Performance

SQ2.AX vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Block, Inc. (SQ2.AX) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SQ2.AX is traded in AUD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to AUD using the latest available exchange rates.

Returns By Period

SQ2.AX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: -2.79%
• 1M: -22.71%
• YTD: -33.69%
• 6M: -35.39%
• 1Y: -44.32%
• 3Y*: 28.64%
• 5Y*: 12.81%
• 10Y*: 60.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SQ2.AX vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SQ2.AX Block, Inc.	0.00%	-37.25%	20.81%	26.93%	-47.95%
BTC-USD Bitcoin	-33.69%	-13.08%	144.27%	153.58%	-56.73%

Correlation

The correlation between SQ2.AX and BTC-USD is 0.01, 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 (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jan 21, 2022	0.01

Return for Risk

SQ2.AX vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTC-USD

BTC-USD Risk / Return Rank: 30
BTC-USD Sharpe Ratio Rank: 15
BTC-USD Sortino Ratio Rank: 33
BTC-USD Omega Ratio Rank: 33
BTC-USD Calmar Ratio Rank: 48
BTC-USD Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SQ2.AX vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Block, Inc. (SQ2.AX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SQ2.AX	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.18	—

Drawdowns

Drawdown Indicators

	SQ2.AX	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	—	-83.70%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-53.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-73.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.07%	—
Current Drawdown Current decline from peak	—	-53.90%	—
Average Drawdown Average peak-to-trough decline	—	-39.28%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	36.46%	—

Volatility

Volatility by Period

	SQ2.AX	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	33.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	44.28%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	55.55%	—

Frequently Asked Questions

Can I hold both SQ2.AX and BTC-USD in my portfolio?

SQ2.AX and BTC-USD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.