USD=X vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about USD Cash (USD=X) and Bitcoin (BTC-USD).

Performance

USD=X vs. BTC-USD - Performance Comparison

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

USD=X vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

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

Return for Risk

USD=X 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: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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.

USD=X vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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

	USD=X	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.43	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.18	—

Drawdowns

USD=X vs. BTC-USD - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for USD=X and BTC-USD.

Drawdown Indicators

	USD=X	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-85.30%	+85.30%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-49.65%	+49.65%
Max Drawdown (5Y) Largest decline over 5 years	0.00%	-76.67%	+76.67%
Max Drawdown (10Y) Largest decline over 10 years	0.00%	-83.80%	+83.80%
Current Drawdown Current decline from peak	0.00%	-46.47%	+46.47%
Average Drawdown Average peak-to-trough decline	0.00%	-42.00%	+42.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	27.75%	-27.75%

Volatility

USD=X vs. BTC-USD - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Bitcoin (BTC-USD) has a volatility of 13.70%. This indicates that USD=X 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.

Volatility by Period

	USD=X	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	13.70%	-13.70%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	35.96%	-35.96%
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	36.69%	-36.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	46.91%	-46.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	56.71%	-56.71%