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BTCM vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between BTCM and GBTC is 0.25, 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.


-0.50.00.51.00.2

Performance

BTCM vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BIT Mining Limited (BTCM) and Grayscale Bitcoin Trust (BTC) (GBTC). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember0
40.11%
BTCM
GBTC

Key characteristics

Sharpe Ratio

BTCM:

-0.57

GBTC:

1.77

Sortino Ratio

BTCM:

-0.60

GBTC:

2.37

Omega Ratio

BTCM:

0.94

GBTC:

1.28

Calmar Ratio

BTCM:

-0.56

GBTC:

2.65

Martin Ratio

BTCM:

-1.03

GBTC:

6.65

Ulcer Index

BTCM:

54.59%

GBTC:

15.50%

Daily Std Dev

BTCM:

97.83%

GBTC:

58.19%

Max Drawdown

BTCM:

-99.72%

GBTC:

-89.91%

Current Drawdown

BTCM:

-99.47%

GBTC:

-12.99%

Fundamentals

Returns By Period

In the year-to-date period, BTCM achieves a -46.03% return, which is significantly lower than GBTC's 112.91% return.


BTCM

YTD

-46.03%

1M

-1.81%

6M

0.00%

1Y

-57.57%

5Y*

-50.70%

10Y*

-34.73%

GBTC

YTD

112.91%

1M

-6.54%

6M

40.11%

1Y

99.70%

5Y*

52.95%

10Y*

N/A

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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.


Sharpe ratio
The chart of Sharpe ratio for BTCM, currently valued at -0.57, compared to the broader market-4.00-2.000.002.00-0.571.77
The chart of Sortino ratio for BTCM, currently valued at -0.60, compared to the broader market-4.00-2.000.002.004.00-0.602.37
The chart of Omega ratio for BTCM, currently valued at 0.94, compared to the broader market0.501.001.502.000.941.28
The chart of Calmar ratio for BTCM, currently valued at -0.56, compared to the broader market0.002.004.006.00-0.572.65
The chart of Martin ratio for BTCM, currently valued at -1.03, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.036.65
BTCM
GBTC

The current BTCM Sharpe Ratio is -0.57, which is lower than the GBTC Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of BTCM 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.57
1.77
BTCM
GBTC

Dividends

BTCM vs. GBTC - Dividend Comparison

Neither BTCM nor GBTC has paid dividends to shareholders.


TTM2023202220212020201920182017
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%0.23%

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-99.09%
-12.99%
BTCM
GBTC

Volatility

BTCM vs. GBTC - Volatility Comparison

BIT Mining Limited (BTCM) has a higher volatility of 30.80% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 16.05%. 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.


10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
30.80%
16.05%
BTCM
GBTC

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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