XTZ-USD vs. BTC-USD
XTZ-USD (Tezos) and BTC-USD (Bitcoin) are both cryptocurrencies. Over the past 5 years, XTZ-USD returned -39.48%/yr vs 14.32%/yr for BTC-USD. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
XTZ-USD vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XTZ-USD achieves a -53.80% return, which is significantly lower than BTC-USD's -26.96% return.
XTZ-USD
- 1D
- -1.16%
- 1M
- -2.38%
- 6M
- -59.82%
- YTD
- -53.80%
- 1Y
- -63.37%
- 3Y*
- -36.89%
- 5Y*
- -39.48%
- 10Y*
- —
BTC-USD
- 1D
- 0.21%
- 1M
- 0.58%
- 6M
- -29.67%
- YTD
- -26.96%
- 1Y
- -45.60%
- 3Y*
- 26.63%
- 5Y*
- 14.32%
- 10Y*
- 57.94%
XTZ-USD vs. BTC-USD - Yearly Performance Comparison
Correlation
The correlation between XTZ-USD and BTC-USD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2017 | 0.60 |
The correlation between XTZ-USD and BTC-USD has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
XTZ-USD vs. BTC-USD — Risk / Return Rank
XTZ-USD
BTC-USD
XTZ-USD vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tezos (XTZ-USD) 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.
| XTZ-USD | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.84 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.86 | +0.08 |
| Martin ratioReturn relative to average drawdown | -1.15 | -1.40 | +0.25 |
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Drawdowns
XTZ-USD vs. BTC-USD - Drawdown Comparison
The maximum XTZ-USD drawdown since its inception was -98.09%, 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 XTZ-USD and BTC-USD.
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Drawdown Indicators
| XTZ-USD | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -85.30% | -12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -81.15% | -53.08% | -28.07% |
Max Drawdown (3Y)Largest decline over 3 years | -88.71% | -53.08% | -35.63% |
Max Drawdown (5Y)Largest decline over 5 years | -97.67% | -76.67% | -21.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -97.84% | -48.76% | -49.08% |
Average DrawdownAverage peak-to-trough decline | -79.55% | -42.54% | -37.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.56% | 29.22% | +15.34% |
Volatility
XTZ-USD vs. BTC-USD - Volatility Comparison
Tezos (XTZ-USD) has a higher volatility of 21.03% compared to Bitcoin (BTC-USD) at 8.77%. This indicates that XTZ-USD'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
| XTZ-USD | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.03% | 8.77% | +12.26% |
Volatility (6M)Calculated over the trailing 6-month period | 50.32% | 34.92% | +15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.13% | 35.53% | +36.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.15% | 43.94% | +33.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.60% | 56.32% | +49.28% |
Frequently Asked Questions
XTZ-USD and BTC-USD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTZ-USD has higher volatility (21.03%) compared to BTC-USD (8.77%). In terms of maximum drawdown, XTZ-USD dropped -98.09% vs BTC-USD's -85.30%.
XTZ-USD currently has the higher Sharpe Ratio (-0.73 vs -1.07), 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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