BLOK.L vs. GBTC
Compare and contrast key facts about First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) and Grayscale Bitcoin Trust (BTC) (GBTC).
BLOK.L is a passively managed fund by First Trust that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Apr 9, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLOK.L or GBTC.
Key characteristics
BLOK.L | GBTC | |
---|---|---|
YTD Return | 9.31% | 69.90% |
1Y Return | 20.86% | 302.05% |
3Y Return (Ann) | 8.41% | 14.28% |
5Y Return (Ann) | 10.73% | 44.96% |
Sharpe Ratio | 1.89 | 4.95 |
Daily Std Dev | 10.82% | 59.07% |
Max Drawdown | -26.23% | -89.91% |
Current Drawdown | 0.00% | -10.31% |
Correlation
The correlation between BLOK.L and GBTC is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BLOK.L vs. GBTC - Performance Comparison
In the year-to-date period, BLOK.L achieves a 9.31% return, which is significantly lower than GBTC's 69.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BLOK.L vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) and Grayscale Bitcoin Trust (BTC) (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.
Dividends
BLOK.L vs. GBTC - Dividend Comparison
Neither BLOK.L nor GBTC has paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|---|
First Trust Indxx Innovative Transaction & Process UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% |
Drawdowns
BLOK.L vs. GBTC - Drawdown Comparison
The maximum BLOK.L drawdown since its inception was -26.23%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BLOK.L and GBTC. For additional features, visit the drawdowns tool.
Volatility
BLOK.L vs. GBTC - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) is 2.90%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 15.84%. This indicates that BLOK.L 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.