BTCM vs. GBTC
Compare and contrast key facts about BIT Mining Limited (BTCM) and Grayscale Bitcoin Trust (BTC) (GBTC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCM or GBTC.
Key characteristics
| BTCM | GBTC | |
|---|---|---|
| YTD Return | -45.44% | 59.79% |
| 1Y Return | -6.14% | 234.26% |
| 3Y Return (Ann) | -73.96% | 7.66% |
| 5Y Return (Ann) | -53.21% | 49.88% |
| Sharpe Ratio | 0.03 | 4.01 |
| Daily Std Dev | 100.82% | 59.50% |
| Max Drawdown | -99.72% | -89.91% |
| Current Drawdown | -99.46% | -15.65% |
Fundamentals
| BTCM | GBTC | |
|---|---|---|
| Market Cap | $30.56M | $2.72B |
| EPS | -$1.00 | -$0.30 |
| Revenue (TTM) | $43.10M | $2.29B |
| Gross Profit (TTM) | -$9.99M | $1.02B |
| EBITDA (TTM) | $15.46M | $196.00M |
Correlation
The correlation between BTCM and GBTC is 0.23, 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
BTCM vs. GBTC - Performance Comparison
In the year-to-date period, BTCM achieves a -45.44% return, which is significantly lower than GBTC's 59.79% 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
BTCM vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BIT Mining Limited (BTCM) 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
BTCM vs. GBTC - Dividend Comparison
Neither BTCM nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BTCM BIT Mining Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% |
Drawdowns
BTCM vs. GBTC - Drawdown Comparison
The maximum BTCM drawdown since its inception was -99.72%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BTCM and GBTC. For additional features, visit the drawdowns tool.
Volatility
BTCM vs. GBTC - Volatility Comparison
BIT Mining Limited (BTCM) has a higher volatility of 48.01% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 16.87%. This indicates that BTCM'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.
Financials
BTCM vs. GBTC - Financials Comparison
This section allows you to compare key financial metrics between BIT Mining Limited and Grayscale Bitcoin Trust (BTC). You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities