- ISIN
- KYG407051088
- CUSIP
- G40705108
- Issuer
- Grayscale
- Inception Date
- Feb 1, 2018
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- CoinDesk 5 Index
- Distribution Policy
- Accumulating
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $318M
Share Price Chart
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Performance
GDLC Performance Chart
Grayscale CoinDesk Crypto 5 ETF (GDLC) is down 30.3% since the beginning of the year. GDLC is currently trading at $29 per share. Investors who bought $1,000 worth of GDLC shares 5 years ago would now be looking at an investment worth $1,375.
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Returns By Period
Grayscale CoinDesk Crypto 5 ETF (GDLC) has returned -30.31% so far this year and -34.89% over the past 12 months.
Grayscale CoinDesk Crypto 5 ETF
- 1D
- 2.15%
- 1M
- -14.77%
- YTD
- -30.31%
- 6M
- -31.02%
- 1Y
- -34.89%
- 3Y*
- 51.33%
- 5Y*
- 6.57%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GDLC Monthly Returns History
Based on dividend-adjusted daily data since Nov 22, 2019, GDLC's average daily return is +0.25%, while the average monthly return is +6.26%. At this rate, an investment would double in approximately 1.0 years.
Historically, 54% of months were positive and 46% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.26% | -23.35% | 3.93% | 10.32% | -4.59% | -12.28% | -30.31% | ||||||
| 2025 | 12.01% | -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% |
| 2023 | 56.92% | 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% |
| 2021 | 31.63% | 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 53.78%, beta of 1.28, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since November 22, 2019.
- This ETF captured 281.13% of S&P 500 Index gains and 185.19% 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
- 53.78%
- Beta
- 1.28
- R²
- 0.08
- Upside Capture
- 281.13%
- Downside Capture
- 185.19%
Expense Ratio
GDLC has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GDLC ranks 4 for risk / return — in the bottom 4% 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 CoinDesk Crypto 5 ETF (GDLC) 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.
| GDLC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.37 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 2.78 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.05 | 12.44 | -13.49 |
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 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 55.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -94.14%Jan 2023 | 1y 4mo | — | 4y 9moSep 2021 - now |
2020 bear market2020 | -64.90%Oct 2020 | 1mo 11d | 3mo 8d | 4mo 19dAug 2020 - Jan 2021 |
2021 bear market2021 | -61.52%Jun 2021 | 2mo 7d | 2mo 2d | 4mo 9dApr 2021 - Aug 2021 |
COVID crash2020 | -58.39%Apr 2020 | 4mo 1d | 4mo | 8mo 1dDec 2019 - Jul 2020 |
2019 bear market2019 | -38.27%Nov 2019 | 3d | 4d | 7dNov 2019 - Nov 2019 |
Drawdown Indicators
| GDLC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.14% | -56.78% | -37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -56.34% | -9.10% | -47.24% |
Max Drawdown (3Y)Largest decline over 3 years | -56.34% | -18.90% | -37.44% |
Max Drawdown (5Y)Largest decline over 5 years | -94.14% | -25.43% | -68.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -55.17% | -1.80% | -53.37% |
Average DrawdownAverage peak-to-trough decline | -52.77% | -10.71% | -42.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.18% | 2.03% | +31.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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