WULF vs. BTC-USD
WULF (TeraWulf Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, WULF returned 148.90%/yr vs 25.32%/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 126.81% return, which is significantly higher than BTC-USD's -31.91% return.
WULF
- 1D
- -3.37%
- 1M
- 3.49%
- YTD
- 126.81%
- 6M
- 111.70%
- 1Y
- 585.79%
- 3Y*
- 148.90%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
WULF vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WULF TeraWulf Inc. | 126.81% | 103.00% | 135.83% | 260.58% | -95.58% | -52.66% |
BTC-USD Bitcoin | -31.91% | -6.27% | 120.76% | 155.82% | -64.23% | -1.11% |
Correlation
The correlation between WULF 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 | 0.37 |
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 | +6.64 | ||
| Sortino ratioReturn per unit of downside risk | +6.11 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 0.84 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 18.62 | -0.85 | +19.48 |
| Martin ratioReturn relative to average drawdown | 50.21 | -1.45 | +51.66 |
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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 | -31.74% | -52.23% | +20.49% |
Max Drawdown (3Y)Largest decline over 3 years | -75.77% | -52.23% | -23.54% |
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 | -18.02% | -52.23% | +34.21% |
Average DrawdownAverage peak-to-trough decline | -81.43% | -42.42% | -39.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 31.57% | -19.82% |
Volatility
WULF vs. BTC-USD - Volatility Comparison
TeraWulf Inc. (WULF) has a higher volatility of 22.87% compared to Bitcoin (BTC-USD) at 12.44%. 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 | 22.87% | 12.44% | +10.43% |
Volatility (6M)Calculated over the trailing 6-month period | 62.74% | 34.75% | +27.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.57% | 35.63% | +69.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.58% | 44.15% | +83.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.58% | 56.40% | +71.18% |
Frequently Asked Questions
WULF 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.
WULF has higher volatility (22.87%) compared to BTC-USD (12.44%). In terms of maximum drawdown, WULF dropped -98.30% vs BTC-USD's -85.30%.
WULF currently has the higher Sharpe Ratio (5.60 vs -1.04), 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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