GBTC vs. NEE
GBTC (Grayscale Bitcoin Trust ETF) is Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index, while NEE (NextEra Energy, Inc.) is a stock. Over the past 10 years, GBTC returned 46.47%/yr vs 13.51%/yr for NEE. At a 0.08 correlation, their price movements are largely independent.
Performance
GBTC vs. NEE - Performance Comparison
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Returns By Period
In the year-to-date period, GBTC achieves a -27.82% return, which is significantly lower than NEE's 8.63% return. Over the past 10 years, GBTC has outperformed NEE with an annualized return of 46.47%, while NEE has yielded a comparatively lower 13.51% annualized return.
GBTC
- 1D
- 0.04%
- 1M
- -22.02%
- YTD
- -27.82%
- 6M
- -30.09%
- 1Y
- -40.43%
- 3Y*
- 55.55%
- 5Y*
- 9.90%
- 10Y*
- 46.47%
NEE
- 1D
- 1.36%
- 1M
- -9.47%
- YTD
- 8.63%
- 6M
- 6.81%
- 1Y
- 18.32%
- 3Y*
- 8.11%
- 5Y*
- 5.94%
- 10Y*
- 13.51%
GBTC vs. NEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust ETF | -27.82% | -7.65% | 113.81% | 317.61% | -75.80% | 7.03% | 290.72% | 106.56% | -82.10% | 1,787.72% |
NEE NextEra Energy, Inc. | 8.63% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
Correlation
The correlation between GBTC and NEE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | 0.08 |
Fundamentals
GBTC:
$0.00
NEE:
$27.93B
GBTC:
$0.00
NEE:
$13.35B
GBTC:
$4.58B
NEE:
$14.56B
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Return for Risk
GBTC vs. NEE — Risk / Return Rank
GBTC
NEE
GBTC vs. NEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust ETF (GBTC) and NextEra Energy, Inc. (NEE). 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.
| GBTC | NEE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.17 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.37 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.39 | 3.78 | -5.17 |
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Drawdowns
GBTC vs. NEE - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than NEE's maximum drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for GBTC and NEE.
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Drawdown Indicators
| GBTC | NEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.91% | -47.81% | -42.10% |
Max Drawdown (1Y)Largest decline over 1 year | -52.45% | -14.53% | -37.92% |
Max Drawdown (3Y)Largest decline over 3 years | -52.45% | -34.57% | -17.88% |
Max Drawdown (5Y)Largest decline over 5 years | -85.42% | -44.97% | -40.45% |
Max Drawdown (10Y)Largest decline over 10 years | -89.91% | -44.97% | -44.94% |
Current DrawdownCurrent decline from peak | -49.87% | -11.50% | -38.37% |
Average DrawdownAverage peak-to-trough decline | -43.43% | -8.93% | -34.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.85% | 5.25% | +24.60% |
Volatility
GBTC vs. NEE - Volatility Comparison
Grayscale Bitcoin Trust ETF (GBTC) has a higher volatility of 11.97% compared to NextEra Energy, Inc. (NEE) at 8.52%. This indicates that GBTC's price experiences larger fluctuations and is considered to be riskier than NEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBTC | NEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.97% | 8.52% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 34.41% | 16.75% | +17.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.01% | 23.78% | +20.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.25% | 26.91% | +35.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.84% | 25.49% | +56.35% |
Dividends
GBTC vs. NEE - Dividend Comparison
GBTC has not paid dividends to shareholders, while NEE's dividend yield for the trailing twelve months is around 2.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% | 0.00% | 0.00% |
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
Frequently Asked Questions
GBTC and NEE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBTC has higher volatility (11.97%) compared to NEE (8.52%). In terms of maximum drawdown, GBTC dropped -89.91% vs NEE's -47.81%.
NEE currently has the higher Sharpe Ratio (0.84 vs -0.94), 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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