GBTC vs. SPY
Compare and contrast key facts about Grayscale Bitcoin Trust (BTC) (GBTC) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBTC or SPY.
Correlation
The correlation between GBTC and SPY is 0.23, 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. SPY - Performance Comparison
Key characteristics
GBTC:
2.05
SPY:
2.20
GBTC:
2.59
SPY:
2.91
GBTC:
1.31
SPY:
1.41
GBTC:
3.09
SPY:
3.35
GBTC:
7.66
SPY:
13.99
GBTC:
15.52%
SPY:
2.01%
GBTC:
57.99%
SPY:
12.79%
GBTC:
-89.91%
SPY:
-55.19%
GBTC:
-1.96%
SPY:
-1.35%
Returns By Period
In the year-to-date period, GBTC achieves a 12.20% return, which is significantly higher than SPY's 1.96% return.
GBTC
12.20%
4.06%
39.16%
128.85%
52.65%
N/A
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
GBTC vs. SPY — Risk-Adjusted Performance Rank
GBTC
SPY
GBTC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
GBTC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GBTC vs. SPY - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GBTC and SPY. For additional features, visit the drawdowns tool.
Volatility
GBTC vs. SPY - Volatility Comparison
Grayscale Bitcoin Trust (BTC) (GBTC) has a higher volatility of 15.80% compared to SPDR S&P 500 ETF (SPY) at 5.10%. This indicates that GBTC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.