BCH-USD vs. GBTC
BCH-USD (Bitcoin Cash) is a cryptocurrency, while GBTC (Grayscale Bitcoin Trust ETF) is Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Over the past 5 years, BCH-USD returned -20.02%/yr vs 8.66%/yr for GBTC. At a 0.44 correlation, their price movements are largely independent.
Performance
BCH-USD vs. GBTC - Performance Comparison
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Returns By Period
In the year-to-date period, BCH-USD achieves a -64.13% return, which is significantly lower than GBTC's -31.54% return.
BCH-USD
- 1D
- -12.43%
- 1M
- -53.88%
- YTD
- -64.13%
- 6M
- -61.64%
- 1Y
- -44.28%
- 3Y*
- 23.19%
- 5Y*
- -20.02%
- 10Y*
- —
GBTC
- 1D
- -5.15%
- 1M
- -26.07%
- YTD
- -31.54%
- 6M
- -33.05%
- 1Y
- -41.68%
- 3Y*
- 47.89%
- 5Y*
- 8.66%
- 10Y*
- 48.34%
BCH-USD vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCH-USD Bitcoin Cash | -64.13% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 68.04% | 37.94% | -93.76% | 329.48% |
GBTC Grayscale Bitcoin Trust ETF | -31.54% | -7.65% | 113.81% | 317.61% | -75.80% | 7.03% | 290.72% | 106.56% | -82.10% | 479.90% |
Correlation
The correlation between BCH-USD and GBTC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2017 | 0.44 |
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Return for Risk
BCH-USD vs. GBTC — Risk / Return Rank
BCH-USD
GBTC
BCH-USD vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin Cash (BCH-USD) 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.
| BCH-USD | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.85 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.80 | +0.14 |
| Martin ratioReturn relative to average drawdown | -2.08 | -1.44 | -0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCH-USD | GBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.95 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.14 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.64 | -0.73 |
Drawdowns
BCH-USD vs. GBTC - Drawdown Comparison
The maximum BCH-USD drawdown since its inception was -97.96%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BCH-USD and GBTC.
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Drawdown Indicators
| BCH-USD | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.96% | -89.91% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -67.18% | -52.45% | -14.73% |
Max Drawdown (3Y)Largest decline over 3 years | -69.07% | -52.45% | -16.62% |
Max Drawdown (5Y)Largest decline over 5 years | -88.64% | -85.42% | -3.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.91% | — |
Current DrawdownCurrent decline from peak | -94.27% | -52.45% | -41.82% |
Average DrawdownAverage peak-to-trough decline | -86.08% | -43.44% | -42.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.88% | 28.99% | -4.11% |
Volatility
BCH-USD vs. GBTC - Volatility Comparison
Bitcoin Cash (BCH-USD) has a higher volatility of 21.41% compared to Grayscale Bitcoin Trust ETF (GBTC) at 9.88%. This indicates that BCH-USD's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCH-USD | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.41% | 9.88% | +11.53% |
Volatility (6M)Calculated over the trailing 6-month period | 48.08% | 34.14% | +13.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.68% | 43.96% | +12.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.10% | 62.45% | +7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.92% | 82.20% | +15.72% |
Frequently Asked Questions
BCH-USD and GBTC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCH-USD has higher volatility (21.41%) compared to GBTC (9.88%). In terms of maximum drawdown, BCH-USD dropped -97.96% vs GBTC's -89.91%.
BCH-USD currently has the higher Sharpe Ratio (-0.65 vs -0.95), 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.
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