PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
EZBC vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EZBC and GBTC is 0.36, 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.

EZBC vs. GBTC

Last updated Jun 2, 2025

Compare and contrast key facts about Franklin Bitcoin ETF (EZBC) and Grayscale Bitcoin Trust (BTC) (GBTC).

EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EZBC or GBTC.

Performance

EZBC vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Bitcoin ETF (EZBC) and Grayscale Bitcoin Trust (BTC) (GBTC). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

EZBC:

0.99

GBTC:

0.98

Sortino Ratio

EZBC:

1.63

GBTC:

1.62

Omega Ratio

EZBC:

1.19

GBTC:

1.19

Calmar Ratio

EZBC:

1.87

GBTC:

1.83

Martin Ratio

EZBC:

4.13

GBTC:

4.06

Ulcer Index

EZBC:

12.78%

GBTC:

12.84%

Daily Std Dev

EZBC:

52.88%

GBTC:

52.84%

Max Drawdown

EZBC:

-28.23%

GBTC:

-89.91%

Current Drawdown

EZBC:

-6.02%

GBTC:

-5.98%

Returns By Period

The year-to-date returns for both stocks are quite close, with EZBC having a 11.86% return and GBTC slightly lower at 11.42%.

EZBC

YTD

11.86%

1M

7.83%

6M

7.55%

1Y

54.63%

3Y*

N/A

5Y*

N/A

10Y*

N/A

GBTC

YTD

11.42%

1M

7.73%

6M

6.98%

1Y

53.90%

3Y*

65.13%

5Y*

53.39%

10Y*

76.27%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin Bitcoin ETF

Grayscale Bitcoin Trust (BTC)

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

EZBC vs. GBTC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZBC
The Risk-Adjusted Performance Rank of EZBC is 8181
Overall Rank
The Sharpe Ratio Rank of EZBC is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of EZBC is 8282
Sortino Ratio Rank
The Omega Ratio Rank of EZBC is 7676
Omega Ratio Rank
The Calmar Ratio Rank of EZBC is 9191
Calmar Ratio Rank
The Martin Ratio Rank of EZBC is 7979
Martin Ratio Rank
GBTC
The Risk-Adjusted Performance Rank of GBTC is 8282
Overall Rank
The Sharpe Ratio Rank of GBTC is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of GBTC is 7979
Sortino Ratio Rank
The Omega Ratio Rank of GBTC is 7575
Omega Ratio Rank
The Calmar Ratio Rank of GBTC is 9292
Calmar Ratio Rank
The Martin Ratio Rank of GBTC is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EZBC vs. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Bitcoin ETF (EZBC) 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.

The current EZBC Sharpe Ratio is 0.99, which is comparable to the GBTC Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of EZBC and GBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

EZBC vs. GBTC - Dividend Comparison

Neither EZBC nor GBTC has paid dividends to shareholders.

TTM20242023202220212020201920182017
EZBC
Franklin Bitcoin ETF		0.00%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%0.00%0.26%

Drawdowns

EZBC vs. GBTC - Drawdown Comparison

The maximum EZBC drawdown since its inception was -28.23%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for EZBC and GBTC.

Loading data...

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

EZBC vs. GBTC - Volatility Comparison

Franklin Bitcoin ETF (EZBC) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 9.40% and 9.39%, 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.

Loading data...