BTF vs. GBTC

In the year-to-date period, BTF achieves a 67.04% return, which is significantly lower than GBTC's 108.46% return.

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The correlation between BTF and GBTC is 0.91, 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.

This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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 BTF Sharpe Ratio is 1.53, which is lower than the GBTC Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of BTF 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.

BTF's dividend yield for the trailing twelve months is around 10.38%, while GBTC has not paid dividends to shareholders.

The maximum BTF drawdown since its inception was -77.50%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BTF and GBTC. For additional features, visit the drawdowns tool.

Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 20.38% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 19.26%. This indicates that BTF'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.