TMDX vs. BTC-USD
TMDX (TransMedics Group, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, TMDX returned 15.60%/yr vs 14.32%/yr for BTC-USD. At a 0.14 correlation, their price movements are largely independent.
Performance
TMDX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TMDX achieves a -41.45% return, which is significantly lower than BTC-USD's -26.96% return.
TMDX
- 1D
- -1.33%
- 1M
- -2.30%
- 6M
- -48.03%
- YTD
- -41.45%
- 1Y
- -36.66%
- 3Y*
- -6.37%
- 5Y*
- 15.60%
- 10Y*
- —
BTC-USD
- 1D
- 0.21%
- 1M
- 0.58%
- 6M
- -29.67%
- YTD
- -26.96%
- 1Y
- -45.60%
- 3Y*
- 26.63%
- 5Y*
- 14.32%
- 10Y*
- 57.94%
TMDX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TMDX TransMedics Group, Inc. | -41.45% | 95.11% | -21.01% | 27.88% | 222.13% | -3.72% | 4.68% | -6.12% |
BTC-USD Bitcoin | -26.96% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 34.66% |
Correlation
The correlation between TMDX and BTC-USD is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | 0.14 |
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Return for Risk
TMDX vs. BTC-USD — Risk / Return Rank
TMDX
BTC-USD
TMDX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TransMedics Group, Inc. (TMDX) 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.
| TMDX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.84 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.86 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.61 | -1.40 | -0.21 |
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Drawdowns
TMDX vs. BTC-USD - Drawdown Comparison
The maximum TMDX drawdown since its inception was -73.69%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for TMDX and BTC-USD.
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Drawdown Indicators
| TMDX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.69% | -85.30% | +11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -58.76% | -53.08% | -5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -67.79% | -53.08% | -14.71% |
Max Drawdown (5Y)Largest decline over 5 years | -67.79% | -76.67% | +8.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -59.55% | -48.76% | -10.79% |
Average DrawdownAverage peak-to-trough decline | -32.16% | -42.54% | +10.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.75% | 29.22% | -2.47% |
Volatility
TMDX vs. BTC-USD - Volatility Comparison
TransMedics Group, Inc. (TMDX) has a higher volatility of 18.43% compared to Bitcoin (BTC-USD) at 8.77%. This indicates that TMDX's price experiences larger fluctuations and is considered to be riskier 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
| TMDX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.43% | 8.77% | +9.66% |
Volatility (6M)Calculated over the trailing 6-month period | 46.16% | 34.92% | +11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.30% | 35.53% | +23.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.17% | 43.94% | +28.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.66% | 56.32% | +15.34% |
Frequently Asked Questions
TMDX and BTC-USD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDX has higher volatility (18.43%) compared to BTC-USD (8.77%). In terms of maximum drawdown, TMDX dropped -73.69% vs BTC-USD's -85.30%.
TMDX currently has the higher Sharpe Ratio (-0.73 vs -1.07), 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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