TPL vs. BTC-USD
TPL (Texas Pacific Land Corporation) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, TPL returned 36.58%/yr vs 57.23%/yr for BTC-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
TPL vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TPL achieves a 32.28% return, which is significantly higher than BTC-USD's -26.27% return. Over the past 10 years, TPL has underperformed BTC-USD with an annualized return of 36.58%, while BTC-USD has yielded a comparatively higher 57.23% annualized return.
TPL
- 1D
- 2.53%
- 1M
- -1.82%
- YTD
- 32.28%
- 6M
- 35.91%
- 1Y
- 4.22%
- 3Y*
- 38.06%
- 5Y*
- 18.80%
- 10Y*
- 36.58%
BTC-USD
- 1D
- 1.71%
- 1M
- -20.43%
- YTD
- -26.27%
- 6M
- -28.52%
- 1Y
- -39.20%
- 3Y*
- 36.94%
- 5Y*
- 9.74%
- 10Y*
- 57.23%
TPL vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPL Texas Pacific Land Corporation | 32.28% | -21.61% | 115.31% | -32.40% | 91.29% | 73.25% | -4.69% | 44.58% | 21.96% | 51.18% |
BTC-USD Bitcoin | -26.27% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between TPL and BTC-USD is 0.10, 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 (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012 | 0.07 |
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Return for Risk
TPL vs. BTC-USD — Risk / Return Rank
TPL
BTC-USD
TPL vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) 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.
| TPL | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.87 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.77 | +0.90 |
| Martin ratioReturn relative to average drawdown | 0.25 | -1.33 | +1.58 |
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Drawdowns
TPL vs. BTC-USD - Drawdown Comparison
The maximum TPL drawdown since its inception was -73.05%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for TPL and BTC-USD.
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Drawdown Indicators
| TPL | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -85.30% | +12.25% |
Max Drawdown (1Y)Largest decline over 1 year | -31.68% | -51.21% | +19.53% |
Max Drawdown (3Y)Largest decline over 3 years | -52.22% | -51.21% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | -76.67% | +24.17% |
Max Drawdown (10Y)Largest decline over 10 years | -65.46% | -83.80% | +18.34% |
Current DrawdownCurrent decline from peak | -33.65% | -48.27% | +14.62% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -42.36% | +15.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.08% | 35.16% | -18.08% |
Volatility
TPL vs. BTC-USD - Volatility Comparison
Texas Pacific Land Corporation (TPL) has a higher volatility of 14.23% compared to Bitcoin (BTC-USD) at 11.97%. This indicates that TPL'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
| TPL | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.23% | 11.97% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 38.06% | 34.64% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.87% | 35.59% | +11.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.25% | 44.57% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.10% | 56.61% | -9.51% |
Frequently Asked Questions
TPL 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.
TPL has higher volatility (14.23%) compared to BTC-USD (11.97%). In terms of maximum drawdown, TPL dropped -73.05% vs BTC-USD's -85.30%.
TPL currently has the higher Sharpe Ratio (0.09 vs -0.92), 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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