XAUG vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG) and Bitcoin (BTC-USD).

XAUG is an actively managed fund by FT Vest. It was launched on Aug 17, 2023.

Performance

XAUG vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

XAUG vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XAUG FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August	-0.45%	9.48%	9.02%	5.22%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	61.87%

Returns By Period

In the year-to-date period, XAUG achieves a -0.45% return, which is significantly higher than BTC-USD's -21.63% return.

XAUG

• 1D: 0.40%
• 1M: -1.05%
• YTD: -0.45%
• 6M: 1.34%
• 1Y: 9.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

XAUG vs. BTC-USD — Risk / Return Rank

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

XAUG

XAUG Risk / Return Rank: 59
XAUG Sharpe Ratio Rank: 53
XAUG Sortino Ratio Rank: 55
XAUG Omega Ratio Rank: 74
XAUG Calmar Ratio Rank: 44
XAUG Martin Ratio Rank: 71

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

XAUG vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG) 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.

	XAUG	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.01	-0.44	+1.45
Sortino ratio Return per unit of downside risk	1.55	-0.38	+1.93
Omega ratio Gain probability vs. loss probability	1.29	0.96	+0.33
Calmar ratio Return relative to maximum drawdown	1.30	-1.11	+2.41
Martin ratio Return relative to average drawdown	8.17	-1.99	+10.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XAUG vs. BTC-USD - Sharpe Ratio Comparison

The current XAUG Sharpe Ratio is 1.01, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of XAUG 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

	XAUG	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	-0.44	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.19	+0.16

Correlation

The correlation between XAUG and BTC-USD is 0.24, 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

XAUG vs. BTC-USD - Drawdown Comparison

The maximum XAUG drawdown since its inception was -8.70%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for XAUG and BTC-USD.

Drawdown Indicators

	XAUG	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-8.70%	-85.30%	+76.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-49.65%	+42.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-1.38%	-45.02%	+43.64%
Average Drawdown Average peak-to-trough decline	-0.50%	-41.99%	+41.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	27.60%	-26.46%

Volatility

XAUG vs. BTC-USD - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG) is 2.67%, while Bitcoin (BTC-USD) has a volatility of 13.58%. This indicates that XAUG 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.

Volatility by Period

	XAUG	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	13.58%	-10.91%
Volatility (6M) Calculated over the trailing 6-month period	3.89%	35.98%	-32.09%
Volatility (1Y) Calculated over the trailing 1-year period	9.24%	36.76%	-27.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.67%	46.90%	-40.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.67%	56.70%	-50.03%