VGLT vs. BTC-USD
VGLT (Vanguard Long-Term Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, VGLT returned -1.21%/yr vs 57.32%/yr for BTC-USD. At a correlation of -0.01, they often move in opposite directions.
Performance
VGLT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, VGLT achieves a 0.03% return, which is significantly higher than BTC-USD's -27.32% return. Over the past 10 years, VGLT has underperformed BTC-USD with an annualized return of -1.21%, while BTC-USD has yielded a comparatively higher 57.32% annualized return.
VGLT
- 1D
- -0.27%
- 1M
- 1.30%
- YTD
- 0.03%
- 6M
- 0.49%
- 1Y
- 3.29%
- 3Y*
- -0.30%
- 5Y*
- -5.52%
- 10Y*
- -1.21%
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
VGLT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGLT Vanguard Long-Term Treasury ETF | 0.03% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between VGLT and BTC-USD is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | -0.01 |
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Return for Risk
VGLT vs. BTC-USD — Risk / Return Rank
VGLT
BTC-USD
VGLT vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury ETF (VGLT) 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.
| VGLT | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.87 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | -0.78 | +1.25 |
| Martin ratioReturn relative to average drawdown | 1.19 | -1.36 | +2.55 |
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Drawdowns
VGLT vs. BTC-USD - Drawdown Comparison
The maximum VGLT drawdown since its inception was -46.18%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for VGLT and BTC-USD.
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Drawdown Indicators
| VGLT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.18% | -85.30% | +39.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -51.21% | +44.20% |
Max Drawdown (3Y)Largest decline over 3 years | -17.68% | -51.21% | +33.53% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | -76.67% | +35.69% |
Max Drawdown (10Y)Largest decline over 10 years | -46.18% | -83.80% | +37.62% |
Current DrawdownCurrent decline from peak | -36.55% | -49.01% | +12.46% |
Average DrawdownAverage peak-to-trough decline | -15.09% | -42.35% | +27.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 35.02% | -32.24% |
Volatility
VGLT vs. BTC-USD - Volatility Comparison
The current volatility for Vanguard Long-Term Treasury ETF (VGLT) is 2.69%, while Bitcoin (BTC-USD) has a volatility of 12.11%. This indicates that VGLT 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
| VGLT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 12.11% | -9.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 34.59% | -28.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 35.62% | -26.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 44.71% | -30.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 56.62% | -42.80% |
Frequently Asked Questions
VGLT and BTC-USD have a correlation of 0.08, 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 (12.11%) compared to VGLT (2.69%). In terms of maximum drawdown, VGLT dropped -46.18% vs BTC-USD's -85.30%.
VGLT currently has the higher Sharpe Ratio (0.38 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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