BTC-USD vs. GBTC
Compare and contrast key facts about Bitcoin (BTC-USD) and Grayscale Bitcoin Trust (BTC) (GBTC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTC-USD or GBTC.
Performance
BTC-USD vs. GBTC - Performance Comparison
Returns By Period
In the year-to-date period, BTC-USD achieves a 133.06% return, which is significantly higher than GBTC's 125.45% return.
BTC-USD
133.06%
46.23%
45.01%
163.15%
67.83%
74.47%
GBTC
125.45%
45.51%
30.74%
156.32%
53.29%
N/A
Key characteristics
| BTC-USD | GBTC | |
|---|---|---|
| Sharpe Ratio | 1.09 | 2.86 |
| Sortino Ratio | 1.80 | 3.15 |
| Omega Ratio | 1.18 | 1.38 |
| Calmar Ratio | 0.94 | 3.57 |
| Martin Ratio | 5.10 | 10.83 |
| Ulcer Index | 11.65% | 15.45% |
| Daily Std Dev | 44.23% | 58.57% |
| Max Drawdown | -93.07% | -89.91% |
| Current Drawdown | 0.00% | 0.00% |
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Correlation
The correlation between BTC-USD and GBTC is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BTC-USD vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) 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.
Drawdowns
BTC-USD vs. GBTC - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -93.07%, roughly equal to the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BTC-USD and GBTC. For additional features, visit the drawdowns tool.
Volatility
BTC-USD vs. GBTC - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 16.79%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 18.55%. This indicates that BTC-USD 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.