USDC-USD vs. BTC-USD
USDC-USD (USDCoin) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, USDC-USD returned -0.00%/yr vs 11.41%/yr for BTC-USD. At a correlation of -0.02, they often move in opposite directions.
Performance
USDC-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, USDC-USD achieves a 0.01% return, which is significantly higher than BTC-USD's -27.71% return.
USDC-USD
- 1D
- -0.00%
- 1M
- -0.02%
- YTD
- 0.01%
- 6M
- -0.01%
- 1Y
- -0.01%
- 3Y*
- -0.00%
- 5Y*
- -0.00%
- 10Y*
- —
BTC-USD
- 1D
- -5.18%
- 1M
- -20.79%
- YTD
- -27.71%
- 6M
- -32.32%
- 1Y
- -40.02%
- 3Y*
- 32.61%
- 5Y*
- 11.41%
- 10Y*
- 60.00%
USDC-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between USDC-USD and BTC-USD is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2018 | -0.02 |
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Return for Risk
USDC-USD vs. BTC-USD — Risk / Return Rank
USDC-USD
BTC-USD
USDC-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-USD) 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.
| USDC-USD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | -0.93 | +0.87 |
Sortino ratioReturn per unit of downside risk | -0.08 | -1.31 | +1.23 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.87 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.81 | +0.61 |
Martin ratioReturn relative to average drawdown | -0.43 | -1.42 | +0.99 |
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
| USDC-USD | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | -0.93 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.21 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 1.13 | -1.14 |
Drawdowns
USDC-USD vs. BTC-USD - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -6.79%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for USDC-USD and BTC-USD.
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Drawdown Indicators
| USDC-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.79% | -85.30% | +78.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -49.65% | +49.60% |
Max Drawdown (3Y)Largest decline over 3 years | -0.11% | -49.65% | +49.54% |
Max Drawdown (5Y)Largest decline over 5 years | -3.32% | -76.67% | +73.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -3.64% | -49.29% | +45.65% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -42.27% | +38.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 33.73% | -33.71% |
Volatility
USDC-USD vs. BTC-USD - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.05%, while Bitcoin (BTC-USD) has a volatility of 10.81%. This indicates that USDC-USD 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
| USDC-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 10.81% | -10.76% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 34.33% | -34.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.14% | 35.60% | -35.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 45.05% | -43.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 56.69% | -53.43% |
Frequently Asked Questions
USDC-USD and BTC-USD have a correlation of 0.06, 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 (10.81%) compared to USDC-USD (0.05%). In terms of maximum drawdown, USDC-USD dropped -6.79% vs BTC-USD's -85.30%.
USDC-USD currently has the higher Sharpe Ratio (-0.06 vs -0.93), 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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