WULF vs. BTC-USD
WULF (TeraWulf Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, WULF returned 76.55%/yr vs 28.74%/yr for BTC-USD. At a 0.35 correlation, their price movements are largely independent.
Performance
WULF vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, WULF achieves a 68.58% return, which is significantly higher than BTC-USD's -26.24% return.
WULF
- 1D
- -0.21%
- 1M
- -31.24%
- 6M
- 36.31%
- YTD
- 68.58%
- 1Y
- 297.74%
- 3Y*
- 76.55%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -0.69%
- 1M
- -2.62%
- 6M
- -33.43%
- YTD
- -26.24%
- 1Y
- -45.20%
- 3Y*
- 28.74%
- 5Y*
- 15.51%
- 10Y*
- 57.66%
WULF vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WULF TeraWulf Inc. | 68.58% | 103.00% | 135.83% | 260.58% | -95.58% | -52.66% |
BTC-USD Bitcoin | -26.24% | -6.27% | 120.76% | 155.82% | -64.23% | -1.11% |
Correlation
The correlation between WULF and BTC-USD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.35 |
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Return for Risk
WULF vs. BTC-USD — Risk / Return Rank
WULF
BTC-USD
WULF vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TeraWulf Inc. (WULF) 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.
| WULF | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.90 | ||
| Sortino ratioReturn per unit of downside risk | +5.00 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.84 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 9.04 | -0.85 | +9.90 |
| Martin ratioReturn relative to average drawdown | 23.22 | -1.38 | +24.60 |
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Drawdowns
WULF vs. BTC-USD - Drawdown Comparison
The maximum WULF drawdown since its inception was -98.30%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for WULF and BTC-USD.
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Drawdown Indicators
| WULF | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.30% | -85.30% | -13.00% |
Max Drawdown (1Y)Largest decline over 1 year | -33.16% | -53.08% | +19.92% |
Max Drawdown (3Y)Largest decline over 3 years | -75.19% | -53.08% | -22.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -39.07% | -48.25% | +9.18% |
Average DrawdownAverage peak-to-trough decline | -80.84% | -42.57% | -38.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.89% | 29.20% | -16.31% |
Volatility
WULF vs. BTC-USD - Volatility Comparison
TeraWulf Inc. (WULF) has a higher volatility of 25.38% compared to Bitcoin (BTC-USD) at 9.75%. This indicates that WULF'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
| WULF | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.38% | 9.75% | +15.63% |
Volatility (6M)Calculated over the trailing 6-month period | 64.91% | 34.90% | +30.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.54% | 35.75% | +69.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.31% | 43.96% | +83.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.31% | 56.34% | +70.97% |
Frequently Asked Questions
WULF and BTC-USD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WULF has higher volatility (25.38%) compared to BTC-USD (9.75%). In terms of maximum drawdown, WULF dropped -98.30% vs BTC-USD's -85.30%.
WULF currently has the higher Sharpe Ratio (2.85 vs -1.05), 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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