GBTC vs. TLT
Compare and contrast key facts about Grayscale Bitcoin Trust (BTC) (GBTC) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBTC or TLT.
Correlation
The correlation between GBTC and TLT is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GBTC vs. TLT - Performance Comparison
Key characteristics
GBTC:
0.82
TLT:
0.03
GBTC:
1.38
TLT:
0.14
GBTC:
1.17
TLT:
1.02
GBTC:
1.20
TLT:
0.01
GBTC:
2.66
TLT:
0.05
GBTC:
15.85%
TLT:
7.78%
GBTC:
55.12%
TLT:
14.44%
GBTC:
-89.91%
TLT:
-48.35%
GBTC:
-5.58%
TLT:
-42.17%
Returns By Period
In the year-to-date period, GBTC achieves a 8.05% return, which is significantly higher than TLT's 0.93% return. Over the past 10 years, GBTC has outperformed TLT with an annualized return of 64.85%, while TLT has yielded a comparatively lower -0.61% annualized return.
GBTC
8.05%
31.96%
31.37%
44.63%
47.70%
64.85%
TLT
0.93%
-1.26%
-2.78%
0.41%
-9.53%
-0.61%
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Risk-Adjusted Performance
GBTC vs. TLT — Risk-Adjusted Performance Rank
GBTC
TLT
GBTC vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
GBTC has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.36%.
| 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.36% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
GBTC vs. TLT - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for GBTC and TLT. For additional features, visit the drawdowns tool.
Volatility
GBTC vs. TLT - Volatility Comparison
Grayscale Bitcoin Trust (BTC) (GBTC) has a higher volatility of 12.19% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.71%. This indicates that GBTC's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.