GBDC vs. ETH-USD
GBDC (Golub Capital BDC, Inc.) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, GBDC returned 6.73%/yr vs 56.61%/yr for ETH-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
GBDC vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, GBDC achieves a 0.68% return, which is significantly higher than ETH-USD's -43.80% return. Over the past 10 years, GBDC has underperformed ETH-USD with an annualized return of 6.73%, while ETH-USD has yielded a comparatively higher 56.61% annualized return.
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%
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 vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ETH-USD Ethereum | -43.80% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between GBDC and ETH-USD 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, GBDC and ETH-USD 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
GBDC vs. ETH-USD — Risk / Return Rank
GBDC
ETH-USD
GBDC vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Golub Capital BDC, Inc. (GBDC) and Ethereum (ETH-USD). 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.
| GBDC | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.95 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.55 | +0.40 |
| Martin ratioReturn relative to average drawdown | -0.31 | -0.94 | +0.64 |
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Drawdowns
GBDC vs. ETH-USD - Drawdown Comparison
The maximum GBDC drawdown since its inception was -47.30%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for GBDC and ETH-USD.
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Drawdown Indicators
| GBDC | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.30% | -94.01% | +46.71% |
Max Drawdown (1Y)Largest decline over 1 year | -18.20% | -67.53% | +49.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.20% | -67.53% | +49.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -79.35% | +60.07% |
Max Drawdown (10Y)Largest decline over 10 years | -47.30% | -94.01% | +46.71% |
Current DrawdownCurrent decline from peak | -6.79% | -65.49% | +58.70% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -50.89% | +44.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.56% | 45.31% | -36.75% |
Volatility
GBDC vs. ETH-USD - Volatility Comparison
The current volatility for Golub Capital BDC, Inc. (GBDC) is 5.60%, while Ethereum (ETH-USD) has a volatility of 17.22%. This indicates that GBDC experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBDC | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 17.22% | -11.62% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 46.29% | -30.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.15% | 56.20% | -37.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 59.59% | -42.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 77.89% | -56.33% |
Frequently Asked Questions
GBDC and ETH-USD 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, GBDC dropped -47.30% vs ETH-USD's -94.01%.
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.
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