BTC-USD vs. GBTC

In the year-to-date period, BTC-USD achieves a 131.29% return, which is significantly higher than GBTC's 120.88% return.

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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.

The current BTC-USD Sharpe Ratio is 1.41, which is comparable to the GBTC Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of BTC-USD and GBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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.

The current volatility for Bitcoin (BTC-USD) is 14.07%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 16.06%. 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.