GBTC vs. IBIT
Compare and contrast key facts about Grayscale Bitcoin Trust (BTC) (GBTC) and iShares Bitcoin Trust (IBIT).
IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBTC or IBIT.
Correlation
The correlation between GBTC and IBIT 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.
Performance
GBTC vs. IBIT - Performance Comparison
Key characteristics
GBTC:
0.49
IBIT:
0.79
GBTC:
1.06
IBIT:
1.43
GBTC:
1.13
IBIT:
1.17
GBTC:
0.78
IBIT:
1.53
GBTC:
1.73
IBIT:
3.37
GBTC:
15.77%
IBIT:
12.82%
GBTC:
55.63%
IBIT:
54.50%
GBTC:
-89.91%
IBIT:
-28.22%
GBTC:
-11.06%
IBIT:
-10.64%
Returns By Period
In the year-to-date period, GBTC achieves a 1.78% return, which is significantly lower than IBIT's 2.30% return.
GBTC
1.78%
13.84%
41.91%
32.78%
55.35%
N/A
IBIT
2.30%
14.11%
42.78%
49.42%
N/A
N/A
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Risk-Adjusted Performance
GBTC vs. IBIT — Risk-Adjusted Performance Rank
GBTC
IBIT
GBTC vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and iShares Bitcoin Trust (IBIT). 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
GBTC vs. IBIT - Dividend Comparison
Neither GBTC nor IBIT has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBTC vs. IBIT - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for GBTC and IBIT. For additional features, visit the drawdowns tool.
Volatility
GBTC vs. IBIT - Volatility Comparison
Grayscale Bitcoin Trust (BTC) (GBTC) and iShares Bitcoin Trust (IBIT) have volatilities of 16.42% and 16.61%, 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.