GBTC + 3x ETFs
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GBTC Grayscale Bitcoin Trust (BTC) | Financial Services | 33.33% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | Leveraged Equities, Leveraged | 33.33% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 33.33% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GBTC + 3x 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 every 3 months.
The earliest data available for this chart is May 4, 2015, corresponding to the inception date of GBTC
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -5.91% | -9.57% | 5.19% | 12.98% | 9.68% |
| GBTC + 3x ETFs | -16.24% | -2.38% | 8.07% | 8.89% | 46.59% | N/A |
| Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | -42.76% | -24.40% | -38.04% | -14.79% | 23.05% | 26.46% |
GBTC Grayscale Bitcoin Trust (BTC) | -9.36% | 3.09% | 26.20% | 23.53% | 55.20% | N/A |
SOXL Direxion Daily Semiconductor Bull 3x Shares | -66.21% | -53.70% | -73.72% | -74.91% | 2.01% | 15.86% |
Monthly Returns
The table below presents the monthly returns of GBTC + 3x ETFs, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.61% | -16.40% | -5.90% | -1.05% | -16.24% | ||||||||
| 2024 | 8.00% | 40.75% | 12.41% | -16.81% | 16.36% | -5.46% | -5.64% | -9.47% | 6.00% | 5.14% | 31.96% | -3.58% | 89.43% |
| 2023 | 45.18% | -3.77% | 36.95% | -3.51% | -1.83% | 30.78% | 3.97% | -5.65% | -4.45% | 24.03% | 18.92% | 17.55% | 285.19% |
| 2022 | -26.51% | 3.54% | 2.87% | -22.01% | -16.23% | -40.81% | 29.57% | -18.10% | -16.74% | 5.02% | -10.36% | -15.66% | -78.77% |
| 2021 | 7.33% | 20.72% | 12.26% | -4.25% | -27.50% | 4.11% | 11.93% | 8.52% | -11.86% | 39.13% | 0.79% | -16.38% | 31.97% |
| 2020 | 17.25% | -12.04% | -34.19% | 39.53% | 12.39% | -2.91% | 29.23% | 12.24% | -16.49% | 22.65% | 50.63% | 31.24% | 203.52% |
| 2019 | 9.81% | 12.86% | 8.19% | 34.20% | 26.81% | 35.92% | -5.66% | -12.96% | -5.75% | 7.67% | -6.52% | -2.81% | 134.82% |
| 2018 | -22.82% | 10.71% | -35.98% | 35.75% | -14.81% | -25.38% | 18.62% | -3.57% | -13.00% | -20.42% | -18.04% | -21.79% | -76.04% |
| 2017 | 1.30% | 8.34% | 6.05% | 8.75% | 124.72% | -17.48% | 9.52% | 96.57% | -23.40% | 19.23% | 62.55% | 26.93% | 852.05% |
| 2016 | -26.52% | 11.64% | 10.65% | 7.27% | 13.66% | 23.99% | -2.57% | -2.77% | 9.35% | 6.59% | 1.46% | 13.85% | 75.01% |
| 2015 | -0.33% | -14.46% | -0.45% | -17.97% | -2.91% | 30.04% | 12.50% | 10.46% | 9.23% |
Expense Ratio
GBTC + 3x ETFs has an expense ratio of 0.65%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GBTC + 3x ETFs is 2, meaning it’s performing worse than 98% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | -0.24 | 0.13 | 1.02 | -0.31 | -0.93 |
GBTC Grayscale Bitcoin Trust (BTC) | 0.36 | 0.90 | 1.11 | 0.57 | 1.28 |
SOXL Direxion Daily Semiconductor Bull 3x Shares | -0.60 | -0.71 | 0.91 | -0.87 | -1.53 |
Dividends
Dividend yield
GBTC + 3x ETFs provided a 2.00% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.00% | 0.81% | 0.59% | 0.55% | 0.01% | 0.02% | 0.15% | 0.47% | 0.11% | 1.61% | 0.00% | 0.01% |
| Portfolio components: | ||||||||||||
TQQQ ProShares UltraPro QQQ | 2.18% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 3.82% | 1.18% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the GBTC + 3x 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 + 3x ETFs was 85.38%, occurring on Dec 31, 2018. Recovery took 498 trading sessions.
The current GBTC + 3x ETFs drawdown is 50.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -85.38% | Dec 19, 2017 | 259 | Dec 31, 2018 | 498 | Dec 21, 2020 | 757 |
| -84.97% | Nov 10, 2021 | 285 | Dec 28, 2022 | 295 | Mar 4, 2024 | 580 |
| -46.4% | Feb 22, 2021 | 104 | Jul 20, 2021 | 78 | Nov 8, 2021 | 182 |
| -44.72% | May 6, 2015 | 78 | Aug 25, 2015 | 50 | Nov 4, 2015 | 128 |
| -39.74% | Sep 1, 2017 | 9 | Sep 14, 2017 | 36 | Nov 3, 2017 | 45 |
Volatility
Volatility Chart
The current GBTC + 3x ETFs volatility is 18.76%, 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.
Diversification
Asset Correlations Table
| GBTC | SOXL | TQQQ | |
|---|---|---|---|
| GBTC | 1.00 | 0.23 | 0.24 |
| SOXL | 0.23 | 1.00 | 0.84 |
| TQQQ | 0.24 | 0.84 | 1.00 |