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GBTC vs. SAIC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

GBTC vs. SAIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Trust ETF (GBTC) and Science Applications International Corporation (SAIC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GBTC achieves a -27.27% return, which is significantly lower than SAIC's 19.45% return. Over the past 10 years, GBTC has outperformed SAIC with an annualized return of 47.67%, while SAIC has yielded a comparatively lower 8.52% annualized return.


GBTC

1D
-0.94%
1M
8.32%
6M
-28.79%
YTD
-27.27%
1Y
-45.88%
3Y*
37.39%
5Y*
12.83%
10Y*
47.67%
ALL TIME*
54.88%

SAIC

1D
2.14%
1M
11.95%
6M
8.81%
YTD
19.45%
1Y
5.12%
3Y*
1.52%
5Y*
7.69%
10Y*
8.52%
ALL TIME*
12.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison


PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)
$72.61M$77.66M$102.03M
$49.96M$54.61M$59.26M

GBTC vs. SAIC - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
GBTC
Grayscale Bitcoin Trust ETF
-27.27%-7.65%113.81%317.61%-75.80%7.03%290.72%106.56%-82.10%1,787.72%
SAIC
Science Applications International Corporation
19.45%-8.73%-9.04%13.58%34.95%-10.20%10.81%39.15%-15.48%-8.18%

Correlation

The correlation between GBTC and SAIC is 0.11, which is low. Their historical price movements had little consistent relationship.


Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.11

Correlation (3Y)
Balances recent behavior with more history.

0.15

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.17

Correlation (10Y)
Provides a long-term view across more market conditions.

0.14

Correlation (All Time)
Calculated using the full available price history since May 4, 2015

0.13

Fundamentals

Total Revenue (TTM)

GBTC:

$0.00

SAIC:

$7.29B

Gross Profit (TTM)

GBTC:

$0.00

SAIC:

$912.00M

EBITDA (TTM)

GBTC:

$4.58B

SAIC:

$691.00M

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Return for Risk

GBTC vs. SAIC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GBTC
GBTC Risk / Return Rank: 11
Overall Rank
GBTC Sharpe Ratio Rank: 11
Sharpe Ratio Rank
GBTC Sortino Ratio Rank: 11
Sortino Ratio Rank
GBTC Omega Ratio Rank: 22
Omega Ratio Rank
GBTC Calmar Ratio Rank: 11
Calmar Ratio Rank
GBTC Martin Ratio Rank: 22
Martin Ratio Rank

SAIC
SAIC Risk / Return Rank: 5050
Overall Rank
SAIC Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SAIC Sortino Ratio Rank: 4848
Sortino Ratio Rank
SAIC Omega Ratio Rank: 4949
Omega Ratio Rank
SAIC Calmar Ratio Rank: 5151
Calmar Ratio Rank
SAIC Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GBTC vs. SAIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust ETF (GBTC) and Science Applications International Corporation (SAIC). 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.


GBTCSAICDifference
Sharpe ratioReturn per unit of total volatility

-1.19

Sortino ratioReturn per unit of downside risk

-2.09

Omega ratioGain probability vs. loss probability

0.82

1.06

-0.24

Calmar ratioReturn relative to maximum drawdown

-0.88

0.16

-1.03

Martin ratioReturn relative to average drawdown

-1.37

0.29

-1.66

GBTC vs. SAIC - Sharpe Ratio Comparison

The current GBTC Sharpe Ratio is -1.06, which is lower than the SAIC Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of GBTC and SAIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

GBTC vs. SAIC - Drawdown Comparison

The maximum GBTC drawdown since its inception was -89.91%, which is greater than SAIC's maximum drawdown of -45.92%. Use the drawdown chart below to compare losses from any high point for GBTC and SAIC.


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Drawdown Indicators


GBTCSAICDifference

Max Drawdown

Largest peak-to-trough decline

-89.91%

-45.92%

-43.99%

Max Drawdown (1Y)

Largest decline over 1 year

-53.75%

-31.34%

-22.41%

Max Drawdown (3Y)

Largest decline over 3 years

-53.75%

-45.74%

-8.01%

Max Drawdown (5Y)

Largest decline over 5 years

-85.42%

-45.74%

-39.68%

Max Drawdown (10Y)

Largest decline over 10 years

-89.91%

-45.92%

-43.99%

Current Drawdown

Current decline from peak

-49.49%

-20.91%

-28.58%

Average Drawdown

Average peak-to-trough decline

-43.50%

-12.72%

-30.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

34.22%

17.10%

+17.12%

Volatility

GBTC vs. SAIC - Volatility Comparison

The current volatility for Grayscale Bitcoin Trust ETF (GBTC) is 8.89%, while Science Applications International Corporation (SAIC) has a volatility of 10.65%. This indicates that GBTC experiences smaller price fluctuations and is considered to be less risky than SAIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


GBTCSAICDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.89%

10.65%

-1.76%

Volatility (6M)

Calculated over the trailing 6-month period

34.04%

30.83%

+3.21%

Volatility (1Y)

Calculated over the trailing 1-year period

44.24%

39.72%

+4.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

61.63%

30.41%

+31.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

81.34%

32.68%

+48.66%

Dividends

GBTC vs. SAIC - Dividend Comparison

GBTC has not paid dividends to shareholders, while SAIC's dividend yield for the trailing twelve months is around 1.24%.


PositionTTM20252024202320222021202020192018201720162015
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%
SAIC
Science Applications International Corporation
1.24%1.47%1.32%1.19%1.33%1.77%1.56%1.63%1.95%1.62%1.46%2.58%

Frequently Asked Questions


GBTC and SAIC have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SAIC has higher volatility (10.65%) compared to GBTC (8.89%). In terms of maximum drawdown, GBTC dropped -89.91% vs SAIC's -45.92%.

SAIC currently has the higher Sharpe Ratio (0.13 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.

Portfolio Optimizer

Find the right allocation for GBTC and SAIC

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