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 -15.97%/yr vs 10.64%/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 -67.78% return, which is significantly lower than GBTC's -32.86% return.
BCH-USD
- 1D
- 1.40%
- 1M
- -43.75%
- YTD
- -67.78%
- 6M
- -67.27%
- 1Y
- -60.05%
- 3Y*
- -4.84%
- 5Y*
- -15.97%
- 10Y*
- —
GBTC
- 1D
- -1.10%
- 1M
- -22.12%
- YTD
- -32.86%
- 6M
- -32.70%
- 1Y
- -45.93%
- 3Y*
- 36.17%
- 5Y*
- 10.64%
- 10Y*
- 44.37%
BCH-USD vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCH-USD Bitcoin Cash | -67.78% | 38.15% | 66.88% | 167.70% | -77.45% | 25.69% | 68.04% | 37.94% | -93.76% | 325.79% |
GBTC Grayscale Bitcoin Trust ETF | -32.86% | -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 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
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 22, 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.
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.
| BCH-USD | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.83 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.86 | +0.02 |
| Martin ratioReturn relative to average drawdown | -2.25 | -1.48 | -0.78 |
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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 | -70.92% | -53.37% | -17.55% |
Max Drawdown (3Y)Largest decline over 3 years | -72.60% | -53.37% | -19.23% |
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 | -94.85% | -53.37% | -41.48% |
Average DrawdownAverage peak-to-trough decline | -86.11% | -43.45% | -42.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.78% | 31.15% | -0.37% |
Volatility
BCH-USD vs. GBTC - Volatility Comparison
Bitcoin Cash (BCH-USD) has a higher volatility of 28.22% compared to Grayscale Bitcoin Trust ETF (GBTC) at 13.27%. 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 | 28.22% | 13.27% | +14.95% |
Volatility (6M)Calculated over the trailing 6-month period | 49.46% | 34.52% | +14.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.33% | 44.31% | +13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.73% | 62.02% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.75% | 81.44% | +16.31% |
Frequently Asked Questions
BCH-USD and GBTC have a correlation of 0.48, 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 (28.22%) compared to GBTC (13.27%). In terms of maximum drawdown, BCH-USD dropped -97.96% vs GBTC's -89.91%.
BCH-USD currently has the higher Sharpe Ratio (-0.87 vs -1.04), 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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