WULF vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about TeraWulf Inc. (WULF) and Bitcoin (BTC-USD).

Performance

WULF vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TeraWulf Inc. (WULF) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

WULF vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WULF TeraWulf Inc.	29.50%	103.00%	135.83%	260.58%	-95.58%	77.08%	86.34%	-36.55%	12.13%	-33.16%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, WULF achieves a 29.50% return, which is significantly higher than BTC-USD's -23.70% return. Over the past 10 years, WULF has underperformed BTC-USD with an annualized return of 4.29%, while BTC-USD has yielded a comparatively higher 66.03% annualized return.

WULF

• 1D: 2.76%
• 1M: 0.95%
• YTD: 29.50%
• 6M: 28.50%
• 1Y: 399.33%
• 3Y*: 143.55%
• 5Y*: 10.70%
• 10Y*: 4.29%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

WULF vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WULF

WULF Risk / Return Rank: 96
WULF Sharpe Ratio Rank: 98
WULF Sortino Ratio Rank: 95
WULF Omega Ratio Rank: 92
WULF Calmar Ratio Rank: 99
WULF Martin Ratio Rank: 99

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	3.55	-0.43	+3.98
Sortino ratio Return per unit of downside risk	3.71	-0.36	+4.07
Omega ratio Gain probability vs. loss probability	1.44	0.96	+0.48
Calmar ratio Return relative to maximum drawdown	13.13	-1.14	+14.26
Martin ratio Return relative to average drawdown	33.21	-2.03	+35.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WULF vs. BTC-USD - Sharpe Ratio Comparison

The current WULF Sharpe Ratio is 3.55, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of WULF and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WULF	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.55	-0.43	+3.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.06	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.97	-0.92
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.18	-1.09

Correlation

The correlation between WULF and BTC-USD is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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.

Drawdown Indicators

	WULF	BTC-USD	Difference
Max Drawdown Largest 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 (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 Drawdown Current decline from peak	-58.75%	-46.47%	-12.28%
Average Drawdown Average peak-to-trough decline	-46.72%	-42.00%	-4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.55%	27.75%	-15.20%

Volatility

WULF vs. BTC-USD - Volatility Comparison

TeraWulf Inc. (WULF) has a higher volatility of 25.29% compared to Bitcoin (BTC-USD) at 13.70%. 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.

Volatility by Period

	WULF	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.29%	13.70%	+11.59%
Volatility (6M) Calculated over the trailing 6-month period	69.17%	35.96%	+33.21%
Volatility (1Y) Calculated over the trailing 1-year period	113.49%	36.69%	+76.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.19%	46.91%	+80.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.83%	56.71%	+44.12%