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Osprey Bitcoin Trust (OBTC) Sharpe Ratio: -0.72

ETF · Currency in USD · Last updated Jun 6, 2026

OBTC is a passive ETF by Osprey Funds tracking the investment results of the Bitcoin (BTC). OBTC launched on Feb 11, 2021 and has a 0.49% expense ratio.

OBTC's Sharpe Ratio of -0.72 indicates that for each unit of volatility, it generates -0.72 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 6, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

OBTC Sharpe Ratio Rank

OBTC Sharpe Ratio Rank: 3.43
Concerning

OBTC ranks above 3.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

OBTC Sharpe Ratio Market Positioning

The chart shows OBTC's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.82 or lower
  • Yellow zone (middle 50%): 0.82 to 2.25
  • Green zone (top 25%): 2.25 or higher
  • Top 1%: 7.40+
  • Median: 1.59 — half of all investments score higher

How it compares to other similar ETFs

The table compares Osprey Bitcoin Trust's Sharpe Ratio with other ETFs in the Cryptocurrency, Blockchain category across multiple time periods, showing how OBTC's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 6, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DECOState Street Galaxy Digital Asset Ecosystem ETF3.30
HECOState Street Galaxy Hedged Digital Asset Ecosystem ETF3.29
WGMIValkyrie Bitcoin Miners ETF3.14
ZCSHGrayscale Zcash Trust (ZEC)3.09
LEGRFirst Trust Indxx Innovative Transaction & Process ETF1.84
MNRSGrayscale Bitcoin Miners ETF1.39
NODEVanEck Onchain Economy ETF1.26
BITIProShares Shrt Bitcoin ETF1.17
CEPIREX Crypto Equity Premium Income ETF1.12
STCESchwab Crypto Thematic ETF1.11
OBTCOsprey Bitcoin Trust-0.72

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows OBTC's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when OBTC consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does OBTC fit in your portfolio?

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