EZBC vs. GBTC
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.
Correlation
The correlation between EZBC and GBTC is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EZBC vs. GBTC - Performance Comparison
Key characteristics
EZBC:
0.38
GBTC:
0.12
EZBC:
0.93
GBTC:
0.58
EZBC:
1.11
GBTC:
1.07
EZBC:
0.74
GBTC:
0.20
EZBC:
1.65
GBTC:
0.44
EZBC:
12.33%
GBTC:
15.59%
EZBC:
54.25%
GBTC:
55.58%
EZBC:
-27.49%
GBTC:
-89.91%
EZBC:
-21.58%
GBTC:
-21.87%
Returns By Period
The year-to-date returns for both stocks are quite close, with EZBC having a -10.34% return and GBTC slightly lower at -10.59%.
EZBC
-10.34%
-0.55%
27.39%
17.87%
N/A
N/A
GBTC
-10.59%
-0.79%
26.52%
4.76%
55.57%
N/A
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Risk-Adjusted Performance
EZBC vs. GBTC — Risk-Adjusted Performance Rank
EZBC
GBTC
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.
Dividends
EZBC vs. GBTC - Dividend Comparison
Neither EZBC nor GBTC has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.23% |
Drawdowns
EZBC vs. GBTC - Drawdown Comparison
The maximum EZBC drawdown since its inception was -27.49%, 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. For additional features, visit the drawdowns tool.
Volatility
EZBC vs. GBTC - Volatility Comparison
Franklin Bitcoin ETF (EZBC) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 16.52% and 16.56%, 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.