BTF vs. GBTC
Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Grayscale Bitcoin Trust (BTC) (GBTC).
BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTF or GBTC.
Key characteristics
| BTF | GBTC | |
|---|---|---|
| YTD Return | 14.51% | 38.04% |
| 1Y Return | 73.82% | 140.88% |
| Sharpe Ratio | 1.37 | 2.57 |
| Daily Std Dev | 55.85% | 57.73% |
| Max Drawdown | -77.50% | -89.91% |
| Current Drawdown | -33.59% | -27.13% |
Correlation
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.
Performance
BTF vs. GBTC - Performance Comparison
In the year-to-date period, BTF achieves a 14.51% return, which is significantly lower than GBTC's 38.04% 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
BTF vs. GBTC - Risk-Adjusted Performance Comparison
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.
Dividends
BTF vs. GBTC - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 14.71%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 14.71% | 15.98% | 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
BTF vs. GBTC - Drawdown Comparison
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.
Volatility
BTF vs. GBTC - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 14.13% and 14.25%, 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.