BULP.L vs. GBTC
Compare and contrast key facts about WisdomTree Gold (BULP.L) and Grayscale Bitcoin Trust (BTC) (GBTC).
BULP.L is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Sep 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BULP.L or GBTC.
Key characteristics
| BULP.L | GBTC | |
|---|---|---|
| YTD Return | 23.39% | 99.94% |
| 1Y Return | 25.46% | 130.94% |
| 3Y Return (Ann) | 11.29% | 10.44% |
| 5Y Return (Ann) | 9.69% | 45.55% |
| Sharpe Ratio | 2.00 | 2.32 |
| Sortino Ratio | 2.71 | 2.80 |
| Omega Ratio | 1.36 | 1.33 |
| Calmar Ratio | 4.02 | 2.67 |
| Martin Ratio | 9.70 | 8.92 |
| Ulcer Index | 2.64% | 15.46% |
| Daily Std Dev | 12.80% | 59.41% |
| Max Drawdown | -44.90% | -89.91% |
| Current Drawdown | -5.19% | 0.00% |
Correlation
The correlation between BULP.L and GBTC is 0.10, 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.
Performance
BULP.L vs. GBTC - Performance Comparison
In the year-to-date period, BULP.L achieves a 23.39% return, which is significantly lower than GBTC's 99.94% 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
BULP.L vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold (BULP.L) 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
BULP.L vs. GBTC - Dividend Comparison
Neither BULP.L nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BULP.L WisdomTree Gold | 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
BULP.L vs. GBTC - Drawdown Comparison
The maximum BULP.L drawdown since its inception was -44.90%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BULP.L and GBTC. For additional features, visit the drawdowns tool.
Volatility
BULP.L vs. GBTC - Volatility Comparison
The current volatility for WisdomTree Gold (BULP.L) is 5.19%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 17.94%. This indicates that BULP.L experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.