GBTC vs. PTIR
GBTC (Grayscale Bitcoin Trust ETF) and PTIR (GraniteShares 2x Long PLTR Daily ETF) are both exchange-traded funds - GBTC is a Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index, while PTIR is a Leveraged Equities fund tracking the Palantir Technologies Inc. (200%). Both are passively managed. Over the past year, GBTC returned -46.91% vs -58.75% for PTIR. Their 0.33 correlation means their historical movements had little consistent relationship. GBTC charges 1.50%/yr vs 1.04%/yr for PTIR.
Performance
GBTC vs. PTIR - Performance Comparison
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Returns By Period
In the year-to-date period, GBTC achieves a -28.72% return, which is significantly higher than PTIR's -62.18% return.
GBTC
- 1D
- -2.85%
- 1M
- 4.80%
- 6M
- -25.46%
- YTD
- -28.72%
- 1Y
- -46.91%
- 3Y*
- 36.79%
- 5Y*
- 7.01%
- 10Y*
- 50.99%
- ALL TIME*
- 54.49%
PTIR
- 1D
- 1.20%
- 1M
- -6.82%
- 6M
- -43.20%
- YTD
- -62.18%
- 1Y
- -58.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 164.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.53M | $74.63M | $101.29M | |
| $34.43M | $50.90M | $65.92M |
GBTC vs. PTIR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GBTC Grayscale Bitcoin Trust ETF | -28.72% | -7.65% | 60.22% |
PTIR GraniteShares 2x Long PLTR Daily ETF | -62.18% | 221.36% | 425.36% |
Correlation
The correlation between GBTC and PTIR is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.33 |
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Return for Risk
GBTC vs. PTIR — Risk / Return Rank
GBTC
PTIR
GBTC vs. PTIR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust ETF (GBTC) and GraniteShares 2x Long PLTR Daily ETF (PTIR). 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 | PTIR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.95 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.74 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.21 | -0.13 |
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Drawdowns
GBTC vs. PTIR - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than PTIR's maximum drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for GBTC and PTIR.
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Drawdown Indicators
| GBTC | PTIR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.91% | -79.40% | -10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -53.75% | -79.40% | +25.65% |
Max Drawdown (3Y)Largest decline over 3 years | -53.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -85.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -89.91% | — | — |
Current DrawdownCurrent decline from peak | -50.49% | -73.93% | +23.44% |
Average DrawdownAverage peak-to-trough decline | -43.51% | -31.05% | -12.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.92% | 48.56% | -13.64% |
Volatility
GBTC vs. PTIR - Volatility Comparison
The current volatility for Grayscale Bitcoin Trust ETF (GBTC) is 9.06%, while GraniteShares 2x Long PLTR Daily ETF (PTIR) has a volatility of 27.36%. This indicates that GBTC experiences smaller price fluctuations and is considered to be less risky than PTIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBTC | PTIR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 27.36% | -18.30% |
Volatility (6M)Calculated over the trailing 6-month period | 33.68% | 81.50% | -47.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.36% | 104.45% | -60.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.60% | 127.66% | -67.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.27% | 127.66% | -46.39% |
GBTC vs. PTIR - Expense Ratio Comparison
GBTC has a 1.50% expense ratio, which is higher than PTIR's 1.04% expense ratio.
Dividends
GBTC vs. PTIR - Dividend Comparison
GBTC has not paid dividends to shareholders, while PTIR's dividend yield for the trailing twelve months is around 15.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PTIR GraniteShares 2x Long PLTR Daily ETF | 15.36% | 5.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GBTC and PTIR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTIR has higher volatility (27.36%) compared to GBTC (9.06%). In terms of maximum drawdown, GBTC dropped -89.91% vs PTIR's -79.40%.
On 1-year performance, GBTC leads with -46.91% vs -58.75% for PTIR. On fees, PTIR is cheaper at 1.04% per year. On volatility, GBTC has been the lower-risk option at 9.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GBTC has performed better with a -46.91% return vs -58.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PTIR is cheaper with a 1.04% expense ratio, compared with 1.50% for GBTC.
PTIR has the higher dividend yield at 15.36%, compared with 0.00% for GBTC.
GBTC is categorized as Cryptocurrency, while PTIR is Leveraged Equities. GBTC tracks CoinDesk Bitcoin Benchmark Rate Index, while PTIR tracks Palantir Technologies Inc. (200%). They also come from different issuers: Grayscale and GraniteShares. Their fees differ too: 1.50% for GBTC and 1.04% for PTIR.
PTIR currently has the higher Sharpe Ratio (-0.56 vs -1.06), 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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