^DXY vs. BTC-USD

Last updated Apr 4, 2026

Compare and contrast key facts about US Dollar Currency Index (^DXY) and Bitcoin (BTC-USD).

Performance

^DXY vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Dollar Currency Index (^DXY) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^DXY achieves a 1.90% return, which is significantly higher than BTC-USD's -21.03% return. Over the past 10 years, ^DXY has underperformed BTC-USD with an annualized return of 0.57%, while BTC-USD has yielded a comparatively higher 66.50% annualized return.

^DXY

• 1D: 0.16%
• 1M: 1.21%
• YTD: 1.90%
• 6M: 2.52%
• 1Y: -2.75%
• 3Y*: -0.46%
• 5Y*: 1.49%
• 10Y*: 0.57%

BTC-USD

• 1D: 2.69%
• 1M: 1.45%
• YTD: -21.03%
• 6M: -44.06%
• 1Y: -17.24%
• 3Y*: 35.05%
• 5Y*: 3.56%
• 10Y*: 66.50%

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

^DXY vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^DXY US Dollar Currency Index	1.90%	-9.37%	7.06%	-2.11%	7.87%	6.71%	-6.69%	0.22%	4.40%	-9.87%
BTC-USD Bitcoin	-21.03%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Correlation

The correlation between ^DXY and BTC-USD is -0.05, meaning they tend to move in opposite directions. This is especially valuable for risk management — when one declines, the other has historically tended to hold steady or rise, cushioning overall portfolio drawdowns.

Return for Risk

^DXY vs. BTC-USD — Risk / Return Rank

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

^DXY

^DXY Risk / Return Rank: 7
^DXY Sharpe Ratio Rank: 3
^DXY Sortino Ratio Rank: 2
^DXY Omega Ratio Rank: 3
^DXY Calmar Ratio Rank: 14
^DXY Martin Ratio Rank: 14

BTC-USD

BTC-USD Risk / Return Rank: 45
BTC-USD Sharpe Ratio Rank: 70
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 35
BTC-USD Martin Ratio Rank: 2

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.

^DXY vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Dollar Currency Index (^DXY) 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.

	^DXY	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.26	-0.39	+0.13
Sortino ratio Return per unit of downside risk	-0.32	-0.29	-0.02
Omega ratio Gain probability vs. loss probability	0.96	0.97	-0.01
Calmar ratio Return relative to maximum drawdown	0.02	-1.10	+1.12
Martin ratio Return relative to average drawdown	0.03	-1.94	+1.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^DXY vs. BTC-USD - Sharpe Ratio Comparison

The current ^DXY Sharpe Ratio is -0.26, which is higher than the BTC-USD Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of ^DXY and BTC-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^DXY	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	-0.39	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.06	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.97	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	1.19	-1.27

Drawdowns

^DXY vs. BTC-USD - Drawdown Comparison

The maximum ^DXY drawdown since its inception was -45.13%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for ^DXY and BTC-USD.

Drawdown Indicators

	^DXY	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-45.13%	-85.30%	+40.17%
Max Drawdown (1Y) Largest decline over 1 year	-6.82%	-49.65%	+42.83%
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	-76.67%	+60.99%
Max Drawdown (10Y) Largest decline over 10 years	-15.68%	-83.80%	+68.12%
Current Drawdown Current decline from peak	-22.93%	-44.60%	+21.67%
Average Drawdown Average peak-to-trough decline	-28.18%	-42.02%	+13.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	28.19%	-25.01%

Volatility

^DXY vs. BTC-USD - Volatility Comparison

The current volatility for US Dollar Currency Index (^DXY) is 2.12%, while Bitcoin (BTC-USD) has a volatility of 11.49%. This indicates that ^DXY 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

	^DXY	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	11.49%	-9.37%
Volatility (6M) Calculated over the trailing 6-month period	3.95%	36.02%	-32.07%
Volatility (1Y) Calculated over the trailing 1-year period	7.05%	36.65%	-29.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.00%	46.90%	-39.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.53%	56.71%	-50.18%