BTCW vs. GBTC
Compare and contrast key facts about Wisdom Tree Bitcoin Fund (BTCW) and Grayscale Bitcoin Trust (BTC) (GBTC).
BTCW is managed by WisdomTree. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCW or GBTC.
Key characteristics
| BTCW | GBTC | |
|---|---|---|
| Daily Std Dev | 56.51% | 58.06% |
| Max Drawdown | -27.46% | -89.91% |
| Current Drawdown | 0.00% | -6.91% |
Correlation
The correlation between BTCW and GBTC is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BTCW vs. GBTC - Performance Comparison
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
BTCW vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) 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.
Not enough dataDividends
BTCW vs. GBTC - Dividend Comparison
Neither BTCW nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BTCW Wisdom Tree Bitcoin Fund | 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
BTCW vs. GBTC - Drawdown Comparison
The maximum BTCW drawdown since its inception was -27.46%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BTCW and GBTC. For additional features, visit the drawdowns tool.
Volatility
BTCW vs. GBTC - Volatility Comparison
Wisdom Tree Bitcoin Fund (BTCW) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 14.60% and 14.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.