WULF vs. BTC-USD
WULF (TeraWulf Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, WULF returned 11.06%/yr vs 59.71%/yr for BTC-USD. At a 0.13 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 127.94% return, which is significantly higher than BTC-USD's -27.60% return. Over the past 10 years, WULF has underperformed BTC-USD with an annualized return of 11.06%, while BTC-USD has yielded a comparatively higher 59.71% annualized return.
WULF
- 1D
- 0.11%
- 1M
- 11.49%
- YTD
- 127.94%
- 6M
- 73.44%
- 1Y
- 517.69%
- 3Y*
- 163.59%
- 5Y*
- 23.10%
- 10Y*
- 11.06%
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
WULF vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WULF TeraWulf Inc. | 127.94% | 103.00% | 135.83% | 260.58% | -95.58% | 77.08% | 86.34% | -36.55% | 12.13% | -33.16% |
BTC-USD Bitcoin | -27.60% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
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 | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012 | 0.13 |
Over the past year, WULF and BTC-USD have become more correlated (0.33) than their long-term average of 0.13, meaning their price movements have been converging.
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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.
| WULF | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.84 | ||
| Sortino ratioReturn per unit of downside risk | +5.63 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.87 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 16.45 | -0.80 | +17.25 |
| Martin ratioReturn relative to average drawdown | 43.50 | -1.39 | +44.90 |
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
| WULF | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.91 | -0.92 | +5.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.23 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.88 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 1.13 | -1.01 |
Drawdowns
WULF vs. BTC-USD - Drawdown Comparison
The maximum WULF drawdown since its inception was -98.50%, 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 | -98.50% | -85.30% | -13.20% |
Max Drawdown (1Y)Largest decline over 1 year | -31.74% | -49.65% | +17.91% |
Max Drawdown (3Y)Largest decline over 3 years | -75.77% | -49.65% | -26.12% |
Max Drawdown (5Y)Largest decline over 5 years | -98.50% | -76.67% | -21.83% |
Max Drawdown (10Y)Largest decline over 10 years | -98.50% | -83.80% | -14.70% |
Current DrawdownCurrent decline from peak | -27.39% | -49.21% | +21.82% |
Average DrawdownAverage peak-to-trough decline | -46.67% | -42.28% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.99% | 33.87% | -21.88% |
Volatility
WULF vs. BTC-USD - Volatility Comparison
TeraWulf Inc. (WULF) has a higher volatility of 21.66% compared to Bitcoin (BTC-USD) at 10.14%. 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 | 21.66% | 10.14% | +11.52% |
Volatility (6M)Calculated over the trailing 6-month period | 63.69% | 34.17% | +29.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.87% | 35.51% | +71.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.39% | 44.98% | +82.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.29% | 56.69% | +44.60% |
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 (21.66%) compared to BTC-USD (10.14%). In terms of maximum drawdown, WULF dropped -98.50% vs BTC-USD's -85.30%.
WULF currently has the higher Sharpe Ratio (4.91 vs -0.92), 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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