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ETH-USD vs. GBDC
Performance
Return for Risk
Drawdowns
Volatility

Performance

ETH-USD vs. GBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ethereum (ETH-USD) and Golub Capital BDC, Inc. (GBDC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ETH-USD achieves a -43.80% return, which is significantly lower than GBDC's 0.68% return. Over the past 10 years, ETH-USD has outperformed GBDC with an annualized return of 56.61%, while GBDC has yielded a comparatively lower 6.73% annualized return.


ETH-USD

1D
-0.28%
1M
-26.16%
YTD
-43.80%
6M
-45.95%
1Y
-36.94%
3Y*
-1.40%
5Y*
-7.86%
10Y*
56.61%

GBDC

1D
-0.30%
1M
1.53%
YTD
0.68%
6M
-0.71%
1Y
-2.64%
3Y*
10.34%
5Y*
6.81%
10Y*
6.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ETH-USD vs. GBDC - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ETH-USD
Ethereum
-43.80%-10.91%46.00%90.84%-67.48%398.30%473.88%-1.52%-82.39%8,984.19%
GBDC
Golub Capital BDC, Inc.
0.68%-0.50%13.57%27.69%-6.99%17.78%-14.73%21.09%-2.20%6.27%

Correlation

The correlation between ETH-USD and GBDC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.09

Correlation (All Time)
Calculated using the full available price history since Aug 7, 2015

0.06

Over the past year, ETH-USD and GBDC have become more correlated (0.28) than their long-term average of 0.06, meaning their price movements have been converging.

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Return for Risk

ETH-USD vs. GBDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETH-USD
ETH-USD Risk / Return Rank: 7070
Overall Rank
ETH-USD Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
ETH-USD Sortino Ratio Rank: 6868
Sortino Ratio Rank
ETH-USD Omega Ratio Rank: 6868
Omega Ratio Rank
ETH-USD Calmar Ratio Rank: 7272
Calmar Ratio Rank
ETH-USD Martin Ratio Rank: 7373
Martin Ratio Rank

GBDC
GBDC Risk / Return Rank: 3535
Overall Rank
GBDC Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
GBDC Sortino Ratio Rank: 3030
Sortino Ratio Rank
GBDC Omega Ratio Rank: 3030
Omega Ratio Rank
GBDC Calmar Ratio Rank: 3838
Calmar Ratio Rank
GBDC Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETH-USD vs. GBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and Golub Capital BDC, Inc. (GBDC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


ETH-USDGBDCDifference
Sharpe ratioReturn per unit of total volatility

-0.41

Sortino ratioReturn per unit of downside risk

-0.43

Omega ratioGain probability vs. loss probability

0.95

0.99

-0.04

Calmar ratioReturn relative to maximum drawdown

-0.55

-0.15

-0.40

Martin ratioReturn relative to average drawdown

-0.94

-0.31

-0.64

ETH-USD vs. GBDC - Sharpe Ratio Comparison

The current ETH-USD Sharpe Ratio is -0.55, which is lower than the GBDC Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of ETH-USD and GBDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

ETH-USD vs. GBDC - Drawdown Comparison

The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than GBDC's maximum drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for ETH-USD and GBDC.


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Drawdown Indicators


ETH-USDGBDCDifference

Max Drawdown

Largest peak-to-trough decline

-94.01%

-47.30%

-46.71%

Max Drawdown (1Y)

Largest decline over 1 year

-67.53%

-18.20%

-49.33%

Max Drawdown (3Y)

Largest decline over 3 years

-67.53%

-18.20%

-49.33%

Max Drawdown (5Y)

Largest decline over 5 years

-79.35%

-19.28%

-60.07%

Max Drawdown (10Y)

Largest decline over 10 years

-94.01%

-47.30%

-46.71%

Current Drawdown

Current decline from peak

-65.49%

-6.79%

-58.70%

Average Drawdown

Average peak-to-trough decline

-50.89%

-6.13%

-44.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

45.31%

8.56%

+36.75%

Volatility

ETH-USD vs. GBDC - Volatility Comparison

Ethereum (ETH-USD) has a higher volatility of 17.22% compared to Golub Capital BDC, Inc. (GBDC) at 5.60%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than GBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ETH-USDGBDCDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.22%

5.60%

+11.62%

Volatility (6M)

Calculated over the trailing 6-month period

46.29%

15.83%

+30.46%

Volatility (1Y)

Calculated over the trailing 1-year period

56.20%

19.15%

+37.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

59.59%

17.19%

+42.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

77.89%

21.56%

+56.33%

Frequently Asked Questions


ETH-USD and GBDC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ETH-USD has higher volatility (17.22%) compared to GBDC (5.60%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs GBDC's -47.30%.

GBDC currently has the higher Sharpe Ratio (-0.14 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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