GBTC vs. BTC-USD
Compare and contrast key facts about Grayscale Bitcoin Trust (BTC) (GBTC) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBTC or BTC-USD.
Key characteristics
| GBTC | BTC-USD | |
|---|---|---|
| YTD Return | 110.31% | 115.46% |
| 1Y Return | 151.20% | 151.88% |
| 3Y Return (Ann) | 15.70% | 14.82% |
| 5Y Return (Ann) | 48.07% | 60.40% |
| Sharpe Ratio | 2.47 | 0.95 |
| Sortino Ratio | 2.90 | 1.65 |
| Omega Ratio | 1.35 | 1.16 |
| Calmar Ratio | 2.96 | 0.78 |
| Martin Ratio | 9.36 | 3.92 |
| Ulcer Index | 15.45% | 13.19% |
| Daily Std Dev | 58.61% | 44.42% |
| Max Drawdown | -89.91% | -93.07% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GBTC and BTC-USD is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GBTC vs. BTC-USD - Performance Comparison
The year-to-date returns for both investments are quite close, with GBTC having a 110.31% return and BTC-USD slightly higher at 115.46%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GBTC vs. BTC-USD - Risk-Adjusted Performance Comparison
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.
Drawdowns
GBTC vs. BTC-USD - Drawdown Comparison
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.
Volatility
GBTC vs. BTC-USD - Volatility Comparison
Grayscale Bitcoin Trust (BTC) (GBTC) has a higher volatility of 18.73% compared to Bitcoin (BTC-USD) at 16.76%. 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.