CN vs. GBTC
Compare and contrast key facts about Xtrackers MSCI All China Equity ETF (CN) and Grayscale Bitcoin Trust (BTC) (GBTC).
CN is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI China All Shares. It was launched on Apr 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CN or GBTC.
Key characteristics
| CN | GBTC | |
|---|---|---|
| YTD Return | -64.29% | 62.31% |
| 1Y Return | -25.00% | 294.04% |
| 3Y Return (Ann) | -11.56% | 12.59% |
| 5Y Return (Ann) | 35.86% | 39.84% |
| Sharpe Ratio | -0.20 | 4.81 |
| Daily Std Dev | 147.99% | 58.89% |
| Max Drawdown | -99.11% | -89.91% |
| Current Drawdown | -91.07% | -14.32% |
Correlation
The correlation between CN and GBTC is 0.01, 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
CN vs. GBTC - Performance Comparison
In the year-to-date period, CN achieves a -64.29% return, which is significantly lower than GBTC's 62.31% 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
CN vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All China Equity ETF (CN) 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
CN vs. GBTC - Dividend Comparison
CN's dividend yield for the trailing twelve months is around 16,459.04%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CN Xtrackers MSCI All China Equity ETF | 16,459.04% | 235.17% | 61.66% | 530.55% | 159.04% | 3,205.11% | 989.83% | 318.27% | 2,808.84% | 4,168.13% | 888.58% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% |
Drawdowns
CN vs. GBTC - Drawdown Comparison
The maximum CN drawdown since its inception was -99.11%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for CN and GBTC. For additional features, visit the drawdowns tool.
Volatility
CN vs. GBTC - Volatility Comparison
Xtrackers MSCI All China Equity ETF (CN) has a higher volatility of 34.84% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 14.93%. This indicates that CN'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.