Cite This Comparison
"Bitcoin vs Nvidia (BTC vs NVDA): Returns, Risk & Volatility (2026)." Gale Finance, January 10, 2026. https://www.gale.finance/compare/btc-vs-nvda Free to use with attribution. Please link back to this page or gale.finance.
Analysis period: 2025-01-13 to 2026-01-10
Relative Performance of BTC vs NVDA (Normalized to 100)
Normalized to 100 at start date for comparison
Key Takeaways
- Total Return: BTC delivered a -4.2% total return, while NVDA returned +38.8% over the same period. NVDA outperformed on total returns.
- Risk-Adjusted Return (Sharpe Ratio): BTC had a negative Sharpe (-0.01) while NVDA was positive (0.84), indicating NVDA had meaningfully better risk-adjusted performance in this period.
- Volatility (Annualized): NVDA was more volatile, with 48.8% annualized volatility, versus 41.4% for BTC.
- Maximum Drawdown: BTC's maximum drawdown was -32.1%, while NVDA experienced a deeper drawdown of -35.9%.
- Tail Risk (VaR & Expected Shortfall): At the 5% level (daily log returns), BTC's VaR was -3.38% and its Expected Shortfall (CVaR) was -4.97%; NVDA's were -4.50% and -7.44%. VaR is the cutoff; Expected Shortfall is the average move on the worst days.
- Skew & Kurtosis: Skew: BTC -0.00 vs NVDA -0.54. Excess kurtosis: BTC 2.44 vs NVDA 8.46. Negative skew leans downside; higher excess kurtosis means fatter tails.
- Tail Days & Extremes: 2σ tail days (down/up): BTC 10/9, NVDA 7/2. Worst day: BTC -9.03% (2025-03-04) vs NVDA -18.59% (2025-01-27). Best day: BTC +9.17% (2025-03-03) vs NVDA +17.16% (2025-04-09).
Bitcoin vs Nvidia Correlation
Bitcoin and Nvidia are weakly correlated over the past year. With a correlation of 0.26, these assets show meaningful independence, offering diversification benefits when held together.
For portfolio construction, this weak correlation suggests that combining BTC and NVDA could reduce overall portfolio variance. However, correlations can increase during market stress.
| Metric | Metric | Value |
|---|---|---|
| Current (30-day) | 0.20 | |
| Average (full period) | 0.26 | |
| Minimum | -0.03 | |
| Maximum | 0.53 |
Correlation measures how closely two assets move together. Values near +1 indicate strong co-movement, near 0 indicates independence, and negative values indicate inverse movement.
Investment Comparison
If you invested $10,000 in each asset on January 13, 2025:
Difference: $4,297.54 (NVDA ahead)
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Bitcoin and Nvidia: Risk Analysis
Bitcoin experienced its maximum drawdown of -32.1% from 2025-10-07 to 2025-11-23. It has not yet recovered to its previous peak.
Nvidia experienced its maximum drawdown of -35.9% from 2025-01-23 to 2025-04-04. It took 81 days to recover.
Smaller drawdowns and faster recoveries indicate lower downside risk and greater resilience during market stress.
Sharpe Ratio of BTC and NVDA
Sharpe ratio measures return per unit of risk (volatility). A higher Sharpe indicates better risk-adjusted performance. BTC had a negative Sharpe (-0.01) while NVDA was positive (0.84), indicating NVDA had meaningfully better risk-adjusted performance in this period.
A Sharpe above 1.0 is generally considered good, above 2.0 is excellent. Negative Sharpe means the asset underperformed the risk-free rate. Calculated on each asset's full 365-day lookback of available prices and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).
Sortino Ratio of BTC and NVDA
Sortino ratio measures return per unit of downside risk. Unlike Sharpe, it only penalizes negative volatility. NVDA had better downside-adjusted returns.
A higher Sortino is better. It's particularly useful for assets with asymmetric volatility (big gains, smaller losses). Downside volatility: BTC 28.5% vs NVDA 37.6%. Calculated on each asset's full 365-day lookback of available prices and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).
Tail Risk & Distribution Shape: Bitcoin vs. Nvidia
This section looks at the shape of daily returns, not just the average. We use daily log returns so multi-day moves add cleanly.
| Metric (1y) | BTC | NVDA |
|---|---|---|
| 5% VaR (daily log return) | -3.38% | -4.50% |
| 5% Expected Shortfall (CVaR) | -4.97% (worst 19 days) | -7.44% (worst 13 days) |
| Skew | -0.00 | -0.54 |
| Excess kurtosis | 2.44 | 8.46 |
| 2σ tail days (down / up) | 10 / 9 | 7 / 2 |
| Worst day | -9.03% (2025-03-04) | -18.59% (2025-01-27) |
| Best day | +9.17% (2025-03-03) | +17.16% (2025-04-09) |
Downside co-moves (2σ)
Computed on shared dates only (n=249). A “2σ downside move” means a shared-close log return more than 2 standard deviations below that asset’s own mean on this shared-date series. Dates below show simple returns (%) for readability.
Show downside tail dates
Dates below are shared-date observations. The “Date” is the period end (close). Tail thresholds are computed on log returns, but the table shows simple returns (%) for readability. Returns are computed from the previous shared close to this one (for example, Friday → Monday includes weekend moves).
Days when both BTC and NVDA had a big down day (2σ)
None in this window.
Days when BTC had a big down day
| Date (interval) | BTC | NVDA |
|---|---|---|
| 2025-02-21 → 2025-02-24 | -4.93% | -3.09% |
| 2025-02-26 | -5.47% | +3.67% |
| 2025-03-07 → 2025-03-10 | -9.21% | -5.07% |
| 2025-04-04 → 2025-04-07 | -5.57% | +3.53% |
| 2025-08-22 → 2025-08-25 | -5.69% | +1.02% |
| 2025-10-10 | -6.98% | -4.89% |
| 2025-11-14 | -5.29% | +1.77% |
| 2025-11-20 | -5.16% | -3.15% |
| 2025-11-28 → 2025-12-01 | -5.13% | +1.65% |
Days when NVDA had a big down day
| Date (interval) | BTC | NVDA |
|---|---|---|
| 2025-01-24 → 2025-01-27 | -2.74% | -16.97% |
| 2025-02-27 | +0.96% | -8.48% |
| 2025-02-28 → 2025-03-03 | +1.99% | -8.69% |
| 2025-04-03 | +0.77% | -7.81% |
| 2025-04-04 | +0.83% | -7.36% |
| 2025-04-10 | -3.66% | -5.91% |
| 2025-04-16 | +0.54% | -6.87% |
Read this as “how ugly the ugly days get”, not as a precise forecast. One-year samples are small, so tail estimates are inherently noisy.
Bitcoin vs Nvidia Volatility (BTC vs NVDA)
Bitcoin's annualized volatility of 41.4% means it typically moves ±2.16% on any given day.
Nvidia's annualized volatility of 48.8% means it typically moves ±3.08% on any given day.
NVDA's higher volatility means a wider path to returns — this can be attractive for tactical, shorter-term exposure, while BTC's smoother profile may better suit long-term allocators seeking steadier growth.
For comparison, the S&P 500 typically has 15-18% annualized volatility, translating to roughly ±1% daily moves. Higher volatility means larger potential gains but also larger potential losses.
Bitcoin vs Nvidia Performance Over Time
| Metric | BTC | NVDA |
|---|---|---|
| 30 Days | -2.4% | 0.6% |
| 90 Days | -20.1% | 0.9% |
| 180 Days | -22.9% | 12.1% |
| 1 Year | -4.5% | 38.8% |
Shorter time frames can show different leaders as market conditions change. Consider your investment horizon when comparing performance.
Full Comparison of Bitcoin vs. Nvidia (1-Year)
| Metric | BTC | NVDA |
|---|---|---|
| Total Return | -4.2% | +38.8% |
| Annualized Volatility | 41.4% | 48.8% |
| Sharpe Ratio | -0.01 | 0.84 |
| Sortino Ratio | -0.01 | 1.09 |
| Max Drawdown | -32.1% | -35.9% |
| Avg Correlation to S&P 500 | 0.46 | 0.69 |
| 5% VaR (daily log return) | -3.38% | -4.50% |
| 5% Expected Shortfall (CVaR) | -4.97% | -7.44% |
| Skew | -0.00 | -0.54 |
| Excess kurtosis | 2.44 | 8.46 |
| 2σ tail days (down / up) | 10 / 9 | 7 / 2 |
Bitcoin vs Nvidia: Frequently Asked Questions
Which has higher volatility: BTC or NVDA?
NVDA showed higher volatility at 48.8% annualized, compared to 41.4% for BTC Over the past year. Higher volatility means larger price swings in both directions.
Does BTC provide diversification when held with NVDA?
BTC and NVDA are weakly correlated over the past year, with an average correlation of 0.26. This weak correlation suggests meaningful diversification benefits when held together.
How bad are the worst 5% days for BTC vs NVDA?
Over the past year, BTC's 5% VaR was -3.38% and its 5% Expected Shortfall was -4.97% (worst 19 days). NVDA's were -4.50% and -7.44% (worst 13 days).
Do BTC and NVDA crash together on bad days?
On shared dates (n=249), when NVDA has a 2σ down day, BTC also does 0.0% (0/7 days). In the other direction, when BTC has one, NVDA also does 0.0% (0/9 days).
Which has better risk-adjusted returns: BTC or NVDA?
BTC had a negative Sharpe (-0.01) while NVDA was positive (0.84) Over the past year, indicating NVDA had meaningfully better risk-adjusted performance.
Can BTC and NVDA be combined in a portfolio?
Yes, though allocation sizing matters. Their weak correlation could meaningfully reduce overall portfolio variance. NVDA's higher volatility (48.8%) means even small allocations can materially impact overall portfolio risk.