Grayscale Bitcoin Trust (BTC) (GBTC) Sortino Ratio: -0.41
GBTC's Sortino Ratio of -0.41 indicates that for each unit of downside volatility, it generates -0.41 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 2, 2026).
Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.
GBTC Sortino Ratio Rank
GBTC ranks above 20.3% of all investments in our database based on Sortino Ratio over the past 12 months, indicating below-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).
What moves the rank
- Strong returns with minimal downside volatility → Higher rank
- Severe or frequent drawdowns → Lower rank
- Upside volatility → No impact (Sortino doesn't penalize upside swings)
What you can do with this information
- Returns may not adequately compensate for downside risk taken
- Consider smaller allocation given below-average risk-adjusted profile
- Explore higher-ranked investments with better downside protection
- Assess whether downside exposure aligns with your portfolio goals
GBTC Sortino Ratio Market Positioning
The chart shows GBTC's Sortino Ratio relative to all stocks on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.
- Red zone (bottom 25%): -0.15 or lower
- Yellow zone (middle 50%): -0.15 to 1.93
- Green zone (top 25%): 1.93 or higher
- Top 1%: 5.66+
- Median: 0.86 — half of all investments score higher
How it compares to other similar stocks
The table compares Grayscale Bitcoin Trust (BTC)'s Sortino Ratio with other stocks in the Capital Markets industry across multiple time periods, showing how GBTC's risk-adjusted performance compares to industry peers.
Data shows 1-, 5-, and 10-year periods, plus each stock's all-time average, as of Apr 2, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| CIFRW | Cipher Mining Inc | 4.35 | |||
| WULF | TeraWulf Inc. | 3.72 | |||
| IREN | Iris Energy Limited | 3.52 | |||
| CIFR | Cipher Mining Inc. | 3.46 | |||
| APLD | Applied Digital Corporation | 3.07 | |||
| EICA | Eagle Point Income Company Inc. | 2.95 | |||
| HUT | Hut 8 Corp. Common Stock | 2.80 | |||
| IGGHY | IG Group Holdings PLC ADR | 2.60 | |||
| GS | The Goldman Sachs Group, Inc. | 2.41 | |||
| BSTZ | BlackRock Science and Technology Trust II | 2.40 | |||
| GBTC | Grayscale Bitcoin Trust (BTC) | -0.41 |
Historical Sortino Ratio
The chart shows GBTC's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when GBTC consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
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Explore GBTC risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.