XAUG vs. BTC-USD
XAUG (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August) is Options Trading fund actively managed by FT Vest, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, XAUG returned 10.85% vs -40.02% for BTC-USD. At a 0.24 correlation, their price movements are largely independent.
Performance
XAUG vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XAUG achieves a 4.02% return, which is significantly higher than BTC-USD's -27.71% return.
XAUG
- 1D
- 0.01%
- 1M
- 1.10%
- YTD
- 4.02%
- 6M
- 4.89%
- 1Y
- 10.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -5.18%
- 1M
- -20.79%
- YTD
- -27.71%
- 6M
- -32.32%
- 1Y
- -40.02%
- 3Y*
- 32.61%
- 5Y*
- 11.41%
- 10Y*
- 60.00%
XAUG vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XAUG FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August | 4.02% | 9.48% | 9.02% | 5.22% |
BTC-USD Bitcoin | -27.71% | -6.27% | 120.76% | 61.87% |
Correlation
The correlation between XAUG and BTC-USD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | 0.24 |
The correlation between XAUG and BTC-USD shifts across timeframes, from 0.24 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XAUG vs. BTC-USD — Risk / Return Rank
XAUG
BTC-USD
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 ratioReturn per unit of total volatility | 2.47 | -0.93 | +3.41 |
Sortino ratioReturn per unit of downside risk | 3.61 | -1.31 | +4.92 |
Omega ratioGain probability vs. loss probability | 1.56 | 0.87 | +0.69 |
Calmar ratioReturn relative to maximum drawdown | 3.56 | -0.81 | +4.36 |
Martin ratioReturn relative to average drawdown | 19.35 | -1.42 | +20.77 |
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
| XAUG | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | -0.93 | +3.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.56 | 1.13 | +0.43 |
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.
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Drawdown Indicators
| XAUG | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.70% | -85.30% | +76.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -49.65% | +46.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
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 | 0.00% | -49.29% | +49.29% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -42.27% | +41.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 33.73% | -33.16% |
Volatility
XAUG vs. BTC-USD - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August (XAUG) is 0.39%, while Bitcoin (BTC-USD) has a volatility of 10.81%. 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.
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Volatility by Period
| XAUG | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 10.81% | -10.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 34.33% | -30.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 35.60% | -31.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 45.05% | -38.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.51% | 56.69% | -50.18% |
Frequently Asked Questions
XAUG and BTC-USD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (10.81%) compared to XAUG (0.39%). In terms of maximum drawdown, XAUG dropped -8.70% vs BTC-USD's -85.30%.
XAUG currently has the higher Sharpe Ratio (2.47 vs -0.93), 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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