- Issuer
- Grayscale
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Cryptocurrency
Share Price Chart
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Performance
GBAT Performance Chart
Grayscale Basic Attention Token Trust (GBAT) is down 63.2% since the beginning of the year. GBAT is currently trading at $1 per share.
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Returns By Period
Grayscale Basic Attention Token Trust (GBAT) has returned -63.16% so far this year and -49.06% over the past 12 months.
Grayscale Basic Attention Token Trust
- 1D
- 2.77%
- 1M
- -27.03%
- YTD
- -63.16%
- 6M
- -63.28%
- 1Y
- -49.06%
- 3Y*
- -32.44%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.18%
- 1M
- -1.84%
- YTD
- 8.69%
- 6M
- 7.74%
- 1Y
- 20.53%
- 3Y*
- 18.69%
- 5Y*
- 11.60%
- 10Y*
- 13.47%
GBAT Monthly Returns History
Based on dividend-adjusted daily data since May 27, 2022, GBAT's average daily return is +0.35%, while the average monthly return is +5.54%. At this rate, an investment would double in approximately 1.1 years.
Historically, 42% of months were positive and 58% were negative. The best month was Dec 2023 with a return of +186.6%, while the worst month was Apr 2024 at -68.9%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GBAT closed higher 37% of trading days. The best single day was Nov 13, 2023 with a return of +86.2%, while the worst single day was Jul 11, 2022 at -51.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -37.11% | -27.00% | -22.83% | 28.00% | 11.32% | -27.03% | -63.16% | ||||||
| 2025 | -37.23% | -33.64% | -28.08% | -38.57% | 19.38% | -22.08% | 31.67% | 25.32% | -31.82% | -11.85% | 81.51% | -26.39% | -77.32% |
| 2024 | -41.67% | 60.71% | 150.00% | -68.89% | 142.86% | -39.77% | -36.72% | -16.67% | 5.03% | 5.79% | 16.50% | 0.29% | -26.98% |
| 2023 | 72.94% | 15.65% | -12.65% | 11.11% | -9.09% | 26.67% | -18.85% | 23.87% | -21.47% | 64.67% | 35.63% | 186.57% | 1,029.41% |
| 2022 | 0.00% | -6.25% | -16.00% | -7.94% | -17.93% | -13.87% | -17.07% | -50.00% | -78.75% |
Benchmark Metrics
Grayscale Basic Attention Token Trust has an annualized alpha of 91.82%, beta of 1.49, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since May 27, 2022.
- This ETF participated in 263.84% of S&P 500 Index downside but only 195.56% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 91.82%
- Beta
- 1.49
- R²
- 0.02
- Upside Capture
- 195.56%
- Downside Capture
- 263.84%
Return for Risk
Risk / Return Rank
GBAT ranks 7 for risk / return — in the bottom 7% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Grayscale Basic Attention Token Trust (GBAT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GBAT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.30 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.27 | -2.89 |
| Martin ratioReturn relative to average drawdown | -1.04 | 9.90 | -10.94 |
Dividends
Dividend History
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Grayscale Basic Attention Token Trust. 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 Grayscale Basic Attention Token Trust was 98.13%, occurring on Jun 12, 2026. The portfolio has not yet recovered.
The current Grayscale Basic Attention Token Trust drawdown is 97.68%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -98.13%Jun 2026 | 2y 2mo | — | 2y 3moMar 2024 - now |
Bear market2022 | -82.97%Dec 2022 | 3mo 25d | 1y 11d | 1y 4moAug 2022 - Dec 2023 |
Bear market2022 | -73.56%Jul 2022 | 1mo 6d | 28d | 2mo 4dJun 2022 - Aug 2022 |
2024 bear market2024 | -47.92%Jan 2024 | 24d | 1mo 5d | 1mo 29dJan 2024 - Mar 2024 |
2024 bear market2024 | -20.00%Mar 2024 | 2d | 5d | 7dMar 2024 - Mar 2024 |
Drawdown Indicators
| GBAT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.13% | -56.78% | -41.35% |
Max Drawdown (1Y)Largest decline over 1 year | -78.53% | -9.10% | -69.43% |
Max Drawdown (3Y)Largest decline over 3 years | -98.13% | -18.90% | -79.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -97.68% | -2.23% | -95.45% |
Average DrawdownAverage peak-to-trough decline | -69.04% | -10.71% | -58.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.29% | 2.08% | +45.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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