GBTC vs. BTC-USD

The year-to-date returns for both stocks are quite close, with GBTC having a 12.20% return and BTC-USD slightly lower at 11.81%.

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This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and Bitcoin (BTC-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.

The current GBTC Sharpe Ratio is 2.05, which is comparable to the BTC-USD Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of GBTC and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum GBTC drawdown since its inception was -89.91%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for GBTC and BTC-USD. For additional features, visit the drawdowns tool.

Grayscale Bitcoin Trust (BTC) (GBTC) has a higher volatility of 14.43% compared to Bitcoin (BTC-USD) at 12.88%. This indicates that GBTC's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.