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GBTC + 2x ETFs
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


GBTC 33.33%USD 33.33%QLD 33.33%EquityEquity
PositionCategory/SectorWeight
GBTC
Grayscale Bitcoin Trust (BTC)
Financial Services

33.33%

QLD
ProShares Ultra QQQ
Leveraged Equities, Leveraged

33.33%

USD
ProShares Ultra Semiconductors
Leveraged Equities, Leveraged

33.33%

S&P 500

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in GBTC + 2x ETFs, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly


0.00%2,000.00%4,000.00%6,000.00%8,000.00%NovemberDecember2024FebruaryMarchApril
6,850.10%
134.91%
GBTC + 2x ETFs
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is May 4, 2015, corresponding to the inception date of GBTC

Returns By Period


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
4.14%-4.93%17.59%20.28%11.33%10.22%
GBTC + 2x ETFs33.91%-14.64%92.82%165.78%50.80%N/A
GBTC
Grayscale Bitcoin Trust (BTC)
65.54%0.58%142.43%277.04%50.78%N/A
USD
ProShares Ultra Semiconductors
34.73%-28.93%107.16%180.84%42.04%40.61%
QLD
ProShares Ultra QQQ
-0.09%-14.27%31.52%58.72%25.00%28.87%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202410.05%31.00%10.76%
2023-8.81%7.48%20.60%15.73%

Expense Ratio

The GBTC + 2x ETFs has a high expense ratio of 0.63%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.50%1.00%1.50%2.00%0.95%
0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. 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.


GBTC + 2x ETFs
Sharpe ratio
The chart of Sharpe ratio for GBTC + 2x ETFs, currently valued at 3.94, compared to the broader market-1.000.001.002.003.004.003.94
Sortino ratio
The chart of Sortino ratio for GBTC + 2x ETFs, currently valued at 4.47, compared to the broader market-2.000.002.004.006.004.47
Omega ratio
The chart of Omega ratio for GBTC + 2x ETFs, currently valued at 1.52, compared to the broader market0.801.001.201.401.601.801.52
Calmar ratio
The chart of Calmar ratio for GBTC + 2x ETFs, currently valued at 2.74, compared to the broader market0.002.004.006.008.002.74
Martin ratio
The chart of Martin ratio for GBTC + 2x ETFs, currently valued at 27.23, compared to the broader market0.0010.0020.0030.0040.0027.23
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.66, compared to the broader market-1.000.001.002.003.004.001.66
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.44, compared to the broader market-2.000.002.004.006.002.44
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.29, compared to the broader market0.801.001.201.401.601.801.29
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.27, compared to the broader market0.002.004.006.008.001.27
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.65, compared to the broader market0.0010.0020.0030.0040.006.65

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
GBTC
Grayscale Bitcoin Trust (BTC)
4.174.191.493.2628.47
USD
ProShares Ultra Semiconductors
2.703.181.383.0815.58
QLD
ProShares Ultra QQQ
1.732.341.281.138.08

Sharpe Ratio

The current GBTC + 2x ETFs Sharpe ratio is 3.94. A Sharpe ratio of 3.0 or higher is considered excellent.

-1.000.001.002.003.004.003.94

The Sharpe ratio of GBTC + 2x ETFs is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.


Rolling 12-month Sharpe Ratio0.002.004.006.008.00NovemberDecember2024FebruaryMarchApril
3.94
1.66
GBTC + 2x ETFs
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

GBTC + 2x ETFs granted a 0.15% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
GBTC + 2x ETFs0.15%0.13%0.20%0.00%0.05%0.28%0.33%0.20%0.23%0.17%0.36%0.25%
GBTC
Grayscale Bitcoin Trust (BTC)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%0.00%0.00%0.00%0.00%
USD
ProShares Ultra Semiconductors
0.04%0.05%0.30%0.00%0.14%0.72%0.93%0.32%0.46%0.39%0.89%0.63%
QLD
ProShares Ultra QQQ
0.41%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.24%0.11%0.19%0.13%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2024FebruaryMarchApril
-17.96%
-5.46%
GBTC + 2x ETFs
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the GBTC + 2x ETFs. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the GBTC + 2x ETFs was 73.62%, occurring on Dec 28, 2022. Recovery took 271 trading sessions.

The current GBTC + 2x ETFs drawdown is 17.96%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-73.62%Nov 10, 2021285Dec 28, 2022271Jan 29, 2024556
-64.28%Dec 19, 2017255Dec 24, 2018275Jan 29, 2020530
-56.9%Feb 20, 202018Mar 16, 202097Aug 3, 2020115
-37.92%May 6, 201578Aug 25, 201550Nov 4, 2015128
-31.77%Dec 16, 201536Feb 8, 201677May 27, 2016113

Volatility

Volatility Chart

The current GBTC + 2x ETFs volatility is 11.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2024FebruaryMarchApril
11.91%
3.15%
GBTC + 2x ETFs
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

GBTCUSDQLD
GBTC1.000.220.23
USD0.221.000.83
QLD0.230.831.00