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

Correlation

The correlation between BTCTW and GBTC is 0.38, 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.

BTCTW vs. GBTC

Last updated May 30, 2025

Compare and contrast key facts about BTC Digital Ltd. (BTCTW) and Grayscale Bitcoin Trust (BTC) (GBTC).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCTW or GBTC.

Performance

BTCTW vs. GBTC - Performance Comparison

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

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Key characteristics

Fundamentals

Returns By Period

BTCTW

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

3Y*

N/A

5Y*

N/A

10Y*

N/A

GBTC

YTD

12.48%

1M

10.64%

6M

8.38%

1Y

56.37%

3Y*

70.13%

5Y*

53.69%

10Y*

75.56%

*Annualized

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BTC Digital Ltd.

Grayscale Bitcoin Trust (BTC)

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BTCTW vs. GBTC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BTCTW
The Risk-Adjusted Performance Rank of BTCTW is 4040
Overall Rank
The Sharpe Ratio Rank of BTCTW is 3838
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCTW is 7979
Sortino Ratio Rank
The Omega Ratio Rank of BTCTW is 7676
Omega Ratio Rank
The Calmar Ratio Rank of BTCTW is 33
Calmar Ratio Rank
The Martin Ratio Rank of BTCTW is 33
Martin Ratio Rank
GBTC
The Risk-Adjusted Performance Rank of GBTC is 8282
Overall Rank
The Sharpe Ratio Rank of GBTC is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of GBTC is 7979
Sortino Ratio Rank
The Omega Ratio Rank of GBTC is 7474
Omega Ratio Rank
The Calmar Ratio Rank of GBTC is 9191
Calmar Ratio Rank
The Martin Ratio Rank of GBTC is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BTCTW vs. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BTC Digital Ltd. (BTCTW) 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.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BTCTW vs. GBTC - Dividend Comparison

Neither BTCTW nor GBTC has paid dividends to shareholders.

TTM20242023202220212020201920182017
BTCTW
BTC Digital Ltd.		0.00%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%0.00%0.26%

Drawdowns

BTCTW vs. GBTC - Drawdown Comparison

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BTCTW vs. GBTC - Volatility Comparison

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Financials

BTCTW vs. GBTC - Financials Comparison

This section allows you to compare key financial metrics between BTC Digital Ltd. 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

0.0050.00M100.00M150.00M200.00M250.00M300.00MAprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJuly
2.56M
(BTCTW) Total Revenue
(GBTC) Total Revenue
Values in USD except per share items