First, the verdict: BTC vs ETH earning ability comparison, verdict $BTC slightly better
In this 7-day PK, $BTC slightly wins: returns +1.04% vs +0.71%, drawdown 0.9% vs 1.1%, Sharpe 2.79 vs 2.27. $BTC earns more, loses less, and after risk adjustment still outperforms $ETH.
But don't miss a detail: $ETH today had a net inflow of OI +119 million, while $BTC actually saw an outflow of 113 million. Smart money is moving towards $ETH. Short-term earning ability favors $BTC, but the capital undercurrent is $ETH's game—this wave is like a short drama where the villain pretends to be dead first, and the protagonist makes a comeback at the end, so don't rush to take sides.
Comparing returns and drawdowns
Normalized curves: from 8/12 to 8/16 both brothers were flat (lowest $BTC 99.1, $ETH 99.8), on 8/17 both took off ($BTC highest 105.7, $ETH 105.8), on 8/18 both fell back. Closing prices $BTC 101.04, $ETH 100.71.
Returns $BTC +1.04% > $ETH +0.71%; max drawdown $BTC 0.9% < $ETH 1.1%. Gains more than you, falls less than you, this round $BTC is the favored child.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more