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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.


-0.50.00.51.0
Correlation: 0.4

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.

40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
100.55%
81.67%
EZBC
GBTC

Key characteristics

Sharpe Ratio

EZBC:

0.74

GBTC:

0.44

Sortino Ratio

EZBC:

1.37

GBTC:

1.00

Omega Ratio

EZBC:

1.16

GBTC:

1.12

Calmar Ratio

EZBC:

1.43

GBTC:

0.71

Martin Ratio

EZBC:

3.17

GBTC:

1.56

Ulcer Index

EZBC:

12.73%

GBTC:

15.81%

Daily Std Dev

EZBC:

54.48%

GBTC:

55.75%

Max Drawdown

EZBC:

-28.23%

GBTC:

-89.91%

Current Drawdown

EZBC:

-12.37%

GBTC:

-12.74%

Returns By Period

In the year-to-date period, EZBC achieves a 0.18% return, which is significantly higher than GBTC's -0.14% return.


EZBC

YTD

0.18%

1M

6.16%

6M

36.86%

1Y

46.07%

5Y*

N/A

10Y*

N/A

GBTC

YTD

-0.14%

1M

6.02%

6M

36.08%

1Y

29.91%

5Y*

54.15%

10Y*

N/A

*Annualized

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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 7777
Overall Rank
The Sharpe Ratio Rank of EZBC is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of EZBC is 7878
Sortino Ratio Rank
The Omega Ratio Rank of EZBC is 7373
Omega Ratio Rank
The Calmar Ratio Rank of EZBC is 8989
Calmar Ratio Rank
The Martin Ratio Rank of EZBC is 7575
Martin Ratio Rank

GBTC
The Risk-Adjusted Performance Rank of GBTC is 7070
Overall Rank
The Sharpe Ratio Rank of GBTC is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of GBTC is 6767
Sortino Ratio Rank
The Omega Ratio Rank of GBTC is 6363
Omega Ratio Rank
The Calmar Ratio Rank of GBTC is 7979
Calmar Ratio Rank
The Martin Ratio Rank of GBTC is 7070
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 chart of Sharpe ratio for EZBC, currently valued at 0.74, compared to the broader market-1.000.001.002.003.004.00
EZBC: 0.74
GBTC: 0.44
The chart of Sortino ratio for EZBC, currently valued at 1.37, compared to the broader market-2.000.002.004.006.008.00
EZBC: 1.37
GBTC: 1.00
The chart of Omega ratio for EZBC, currently valued at 1.16, compared to the broader market0.501.001.502.002.50
EZBC: 1.16
GBTC: 1.12
The chart of Calmar ratio for EZBC, currently valued at 1.43, compared to the broader market0.002.004.006.008.0010.0012.00
EZBC: 1.43
GBTC: 0.71
The chart of Martin ratio for EZBC, currently valued at 3.17, compared to the broader market0.0020.0040.0060.00
EZBC: 3.17
GBTC: 1.56

The current EZBC Sharpe Ratio is 0.74, which is higher than the GBTC Sharpe Ratio of 0.44. 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.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
0.74
0.44
EZBC
GBTC

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%0.23%

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. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.37%
-12.74%
EZBC
GBTC

Volatility

EZBC vs. GBTC - Volatility Comparison

Franklin Bitcoin ETF (EZBC) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 16.67% and 16.51%, 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.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.67%
16.51%
EZBC
GBTC