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Grayscale CoinDesk Crypto 5 ETF (GDLC)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
KYG407051088
CUSIP
G40705108
Issuer
Grayscale
Inception Date
Feb 1, 2018
Leveraged
1x (No leverage)
Index Tracked
CoinDesk 5 Index
Distribution Policy
Accumulating
Asset Class
Cryptocurrency
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Grayscale CoinDesk Crypto 5 ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Grayscale CoinDesk Crypto 5 ETF (GDLC) has returned -24.52% so far this year and -10.19% over the past 12 months.


Grayscale CoinDesk Crypto 5 ETF

1D
2.20%
1M
3.93%
YTD
-24.52%
6M
-44.20%
1Y
-10.19%
3Y*
65.34%
5Y*
-3.20%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 22, 2019, GDLC's average daily return is +0.28%, while the average monthly return is +7.07%. At this rate, your investment would double in approximately 0.8 years.

Historically, 55% of months were positive and 45% were negative. The best month was Jul 2020 with a return of +143.5%, while the worst month was Sep 2021 at -57.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GDLC closed higher 49% of trading days. The best single day was Aug 3, 2020 with a return of +46.1%, while the worst single day was Dec 2, 2019 at -26.7%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-5.26%-23.35%3.93%-24.52%
202512.01%-25.15%0.70%8.26%16.06%9.88%9.53%-4.32%11.24%-5.33%-18.35%-4.37%0.45%
2024-19.32%56.50%8.21%-21.37%40.24%-14.00%3.14%-18.53%6.88%37.13%52.71%-2.74%136.98%
202356.92%0.00%14.81%-0.72%-4.82%24.39%15.29%-8.13%-2.91%49.88%25.92%10.29%353.26%
2022-22.60%16.89%0.32%-20.13%-36.60%-35.94%38.66%-14.03%-14.23%-3.01%-31.07%-21.52%-84.21%
202131.63%23.75%22.90%1.92%-31.24%-16.85%29.23%113.31%-57.68%32.15%-5.95%-24.67%27.43%

Benchmark Metrics

Grayscale CoinDesk Crypto 5 ETF has an annualized alpha of 69.03%, beta of 1.28, and R² of 0.08 versus S&P 500 Index. Calculated based on daily prices since November 25, 2019.

  • This ETF captured 344.10% of S&P 500 Index gains and 181.11% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • R² of 0.08 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
69.03%
Beta
1.28
0.08
Upside Capture
344.10%
Downside Capture
181.11%

Expense Ratio

GDLC has an expense ratio of 0.59%, placing it in the medium range.


Return for Risk

Risk / Return Rank

GDLC ranks 9 for risk / return — in the bottom 9% 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.


GDLC Risk / Return Rank: 99
Overall Rank
GDLC Sharpe Ratio Rank: 88
Sharpe Ratio Rank
GDLC Sortino Ratio Rank: 1010
Sortino Ratio Rank
GDLC Omega Ratio Rank: 1010
Omega Ratio Rank
GDLC Calmar Ratio Rank: 99
Calmar Ratio Rank
GDLC Martin Ratio Rank: 99
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Grayscale CoinDesk Crypto 5 ETF (GDLC) and compare them to a chosen benchmark (S&P 500 Index).


GDLCBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.20

0.90

-1.10

Sortino ratio

Return per unit of downside risk

0.06

1.39

-1.33

Omega ratio

Gain probability vs. loss probability

1.01

1.21

-0.20

Calmar ratio

Return relative to maximum drawdown

-0.19

1.40

-1.59

Martin ratio

Return relative to average drawdown

-0.41

6.61

-7.02

Explore GDLC risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


Grayscale CoinDesk Crypto 5 ETF doesn't pay dividends

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 CoinDesk Crypto 5 ETF. 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 CoinDesk Crypto 5 ETF was 94.14%, occurring on Jan 3, 2023. The portfolio has not yet recovered.

The current Grayscale CoinDesk Crypto 5 ETF drawdown is 51.45%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-94.14%Sep 2, 2021336Jan 3, 2023
-64.9%Aug 21, 202029Oct 1, 202067Jan 7, 202196
-61.52%Apr 16, 202147Jun 22, 202143Aug 23, 202190
-58.39%Dec 2, 201984Apr 1, 202083Jul 30, 2020167
-31.52%Feb 22, 20215Feb 26, 202131Apr 13, 202136

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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