AAPL vs. GBTC

Last updated Jun 13, 2026

AAPL (Apple Inc) is a stock, while GBTC (Grayscale Bitcoin Trust ETF) is Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Over the past 10 years, AAPL returned 29.36%/yr vs 46.47%/yr for GBTC. At a 0.17 correlation, their price movements are largely independent.

Performance

AAPL vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apple Inc (AAPL) and Grayscale Bitcoin Trust ETF (GBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPL achieves a 7.29% return, which is significantly higher than GBTC's -27.82% return. Over the past 10 years, AAPL has underperformed GBTC with an annualized return of 29.36%, while GBTC has yielded a comparatively higher 46.47% annualized return.

AAPL

• 1D: -1.52%
• 1M: -2.37%
• YTD: 7.29%
• 6M: 4.81%
• 1Y: 48.78%
• 3Y*: 17.21%
• 5Y*: 18.59%
• 10Y*: 29.36%

GBTC

• 1D: 0.04%
• 1M: -22.02%
• YTD: -27.82%
• 6M: -30.09%
• 1Y: -40.43%
• 3Y*: 55.55%
• 5Y*: 9.90%
• 10Y*: 46.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPL vs. GBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAPL Apple Inc	7.29%	9.05%	30.71%	49.01%	-26.40%	34.65%	82.31%	88.96%	-5.39%	48.46%
GBTC Grayscale Bitcoin Trust ETF	-27.82%	-7.65%	113.81%	317.61%	-75.80%	7.03%	290.72%	106.56%	-82.10%	1,787.72%

Correlation

The correlation between AAPL and GBTC is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since May 4, 2015	0.17

The correlation between AAPL and GBTC shifts across timeframes, from 0.15 (3 years) to 0.27 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) AAPL : $451.44B GBTC : $0.00
Gross Profit (TTM) AAPL : $216.07B GBTC : $0.00
EBITDA (TTM) AAPL : $153.63B GBTC : $4.58B

Return for Risk

AAPL vs. GBTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPL

AAPL Risk / Return Rank: 88
AAPL Sharpe Ratio Rank: 90
AAPL Sortino Ratio Rank: 89
AAPL Omega Ratio Rank: 88
AAPL Calmar Ratio Rank: 86
AAPL Martin Ratio Rank: 86

GBTC

GBTC Risk / Return Rank: 2
GBTC Sharpe Ratio Rank: 2
GBTC Sortino Ratio Rank: 2
GBTC Omega Ratio Rank: 2
GBTC Calmar Ratio Rank: 3
GBTC Martin Ratio Rank: 2

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.

AAPL vs. GBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apple Inc (AAPL) and Grayscale Bitcoin Trust ETF (GBTC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AAPL	GBTC	Difference
Sharpe ratio: Return per unit of total volatility	2.07	-0.94	+3.02
Sortino ratio: Return per unit of downside risk	2.93	-1.34	+4.28
Omega ratio: Gain probability vs. loss probability	1.38	0.85	+0.53
Calmar ratio: Return relative to maximum drawdown	3.40	-0.79	+4.19
Martin ratio: Return relative to average drawdown	8.47	-1.39	+9.86

AAPL vs. GBTC - Sharpe Ratio Comparison

The current AAPL Sharpe Ratio is 2.07, which is higher than the GBTC Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of AAPL and GBTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAPL vs. GBTC - Drawdown Comparison

The maximum AAPL drawdown since its inception was -81.80%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for AAPL and GBTC.

Drawdown Indicators

	AAPL	GBTC	Difference
Max Drawdown Largest peak-to-trough decline	-81.80%	-89.91%	+8.11%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-52.45%	+38.65%
Max Drawdown (3Y) Largest decline over 3 years	-33.36%	-52.45%	+19.09%
Max Drawdown (5Y) Largest decline over 5 years	-33.36%	-85.42%	+52.06%
Max Drawdown (10Y) Largest decline over 10 years	-38.52%	-89.91%	+51.39%
Current Drawdown Current decline from peak	-7.64%	-49.87%	+42.23%
Average Drawdown Average peak-to-trough decline	-29.59%	-43.43%	+13.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	29.85%	-24.32%

Volatility

AAPL vs. GBTC - Volatility Comparison

The current volatility for Apple Inc (AAPL) is 6.73%, while Grayscale Bitcoin Trust ETF (GBTC) has a volatility of 11.97%. This indicates that AAPL experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPL	GBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	11.97%	-5.24%
Volatility (6M) Calculated over the trailing 6-month period	16.53%	34.41%	-17.88%
Volatility (1Y) Calculated over the trailing 1-year period	22.64%	44.01%	-21.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.52%	62.25%	-34.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.92%	81.84%	-52.92%

Dividends

AAPL vs. GBTC - Dividend Comparison

AAPL's dividend yield for the trailing twelve months is around 0.36%, while GBTC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.36%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
GBTC Grayscale Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.61%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPL and GBTC in my portfolio?

AAPL and GBTC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAPL or GBTC?

GBTC has higher volatility (11.97%) compared to AAPL (6.73%). In terms of maximum drawdown, AAPL dropped -81.80% vs GBTC's -89.91%.

Which has better risk-adjusted returns?

AAPL currently has the higher Sharpe Ratio (2.07 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.