CMCX.L vs. GBTC
Compare and contrast key facts about CMC Markets plc (CMCX.L) and Grayscale Bitcoin Trust (BTC) (GBTC).
Performance
CMCX.L vs. GBTC - Performance Comparison
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CMCX.L vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMCX.L CMC Markets plc | 16.39% | 27.16% | 144.09% | -51.43% | -167.04% | -28.25% | 183.92% | 43.23% | 544.41% | 45.42% |
GBTC Grayscale Bitcoin Trust (BTC) | -21.12% | -14.23% | 117.54% | 296.74% | -72.92% | 8.04% | 279.24% | 98.70% | -81.04% | 1,624.48% |
Different Trading Currencies
CMCX.L is traded in GBp, while GBTC is traded in USD. To make them comparable, the GBTC values have been converted to GBp using the latest available exchange rates.
Fundamentals
CMCX.L:
£747.21M
GBTC:
$0.00
CMCX.L:
£363.93M
GBTC:
$0.00
CMCX.L:
£161.09M
GBTC:
-$43.28K
Returns By Period
In the year-to-date period, CMCX.L achieves a 16.39% return, which is significantly higher than GBTC's -21.12% return.
CMCX.L
- 1D
- 1.31%
- 1M
- 7.08%
- YTD
- 16.39%
- 6M
- 49.92%
- 1Y
- 74.37%
- 3Y*
- 30.76%
- 5Y*
- —
- 10Y*
- —
GBTC
- 1D
- 0.32%
- 1M
- -0.44%
- YTD
- -21.12%
- 6M
- -41.49%
- 1Y
- -22.99%
- 3Y*
- 44.50%
- 5Y*
- 1.71%
- 10Y*
- 59.69%
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Return for Risk
CMCX.L vs. GBTC — Risk / Return Rank
CMCX.L
GBTC
CMCX.L vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CMC Markets plc (CMCX.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.
| CMCX.L | GBTC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | -0.52 | +2.24 |
Sortino ratioReturn per unit of downside risk | 2.70 | -0.51 | +3.22 |
Omega ratioGain probability vs. loss probability | 1.42 | 0.94 | +0.48 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | -0.42 | +3.15 |
Martin ratioReturn relative to average drawdown | 5.52 | -0.89 | +6.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMCX.L | GBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | -0.52 | +2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.70 | — |
Correlation
The correlation between CMCX.L and GBTC is 0.07, 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.
Dividends
CMCX.L vs. GBTC - Dividend Comparison
CMCX.L's dividend yield for the trailing twelve months is around 3.97%, while GBTC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CMCX.L CMC Markets plc | 3.97% | 4.62% | 4.19% | 4.67% | 301.21% | 9.46% | 5.47% | 2.41% | 102.65% | 5.95% | 7.64% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% | 0.00% |
Drawdowns
CMCX.L vs. GBTC - Drawdown Comparison
The maximum CMCX.L drawdown since its inception was -161.34%, which is greater than GBTC's maximum drawdown of -89.55%. Use the drawdown chart below to compare losses from any high point for CMCX.L and GBTC.
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Drawdown Indicators
| CMCX.L | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -161.34% | -89.91% | -71.43% |
Max Drawdown (1Y)Largest decline over 1 year | -26.34% | -49.55% | +23.21% |
Max Drawdown (5Y)Largest decline over 5 years | -161.34% | -85.80% | -75.54% |
Max Drawdown (10Y)Largest decline over 10 years | -161.34% | -89.91% | -71.43% |
Current DrawdownCurrent decline from peak | -161.34% | -46.10% | -115.24% |
Average DrawdownAverage peak-to-trough decline | -67.26% | -43.48% | -23.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.03% | 23.39% | -10.36% |
Volatility
CMCX.L vs. GBTC - Volatility Comparison
The current volatility for CMC Markets plc (CMCX.L) is 7.58%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 12.68%. This indicates that CMCX.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.
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Volatility by Period
| CMCX.L | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 12.68% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 31.13% | 35.75% | -4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.16% | 44.37% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.38% | 62.92% | +28.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 256.27% | 82.36% | +173.91% |
Financials
CMCX.L vs. GBTC - Financials Comparison
This section allows you to compare key financial metrics between CMC Markets plc 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.
Total Revenue: Total amount of money received from sales and other business activities