VGK vs. BTC-USD
VGK (Vanguard FTSE Europe ETF) is Europe Equities fund tracking the FTSE Developed Europe All Cap Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, VGK returned 9.63%/yr vs 59.68%/yr for BTC-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
VGK vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, VGK achieves a 5.17% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, VGK has underperformed BTC-USD with an annualized return of 9.63%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
VGK
- 1D
- 0.45%
- 1M
- -0.68%
- YTD
- 5.17%
- 6M
- 8.47%
- 1Y
- 16.29%
- 3Y*
- 16.24%
- 5Y*
- 8.08%
- 10Y*
- 9.63%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
VGK vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGK Vanguard FTSE Europe ETF | 5.17% | 35.83% | 1.88% | 20.19% | -15.98% | 16.89% | 5.43% | 24.85% | -14.89% | 26.98% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between VGK and BTC-USD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.11 |
Over the past year, VGK and BTC-USD have become more correlated (0.33) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
VGK vs. BTC-USD — Risk / Return Rank
VGK
BTC-USD
VGK vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Europe ETF (VGK) 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.
| VGK | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.86 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | -0.80 | +2.15 |
| Martin ratioReturn relative to average drawdown | 5.01 | -1.42 | +6.43 |
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
| VGK | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | -0.95 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.20 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.87 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.13 | -0.86 |
Drawdowns
VGK vs. BTC-USD - Drawdown Comparison
The maximum VGK drawdown since its inception was -63.61%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for VGK and BTC-USD.
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Drawdown Indicators
| VGK | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -85.30% | +21.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -51.21% | +39.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -51.21% | +36.90% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -76.67% | +43.93% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -83.80% | +46.56% |
Current DrawdownCurrent decline from peak | -2.83% | -49.86% | +47.03% |
Average DrawdownAverage peak-to-trough decline | -13.34% | -42.32% | +28.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 34.46% | -31.20% |
Volatility
VGK vs. BTC-USD - Volatility Comparison
The current volatility for Vanguard FTSE Europe ETF (VGK) is 4.86%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that VGK 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
| VGK | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 11.59% | -6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 34.53% | -21.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 35.67% | -20.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 44.95% | -27.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 56.71% | -37.74% |
Frequently Asked Questions
VGK and BTC-USD have a correlation of 0.33, 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 (11.59%) compared to VGK (4.86%). In terms of maximum drawdown, VGK dropped -63.61% vs BTC-USD's -85.30%.
VGK currently has the higher Sharpe Ratio (1.05 vs -0.95), 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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