GBTC vs. TQQQ

In the year-to-date period, GBTC achieves a 8.05% return, which is significantly higher than TQQQ's -25.08% return. Over the past 10 years, GBTC has outperformed TQQQ with an annualized return of 64.85%, while TQQQ has yielded a comparatively lower 29.75% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) and ProShares UltraPro QQQ (TQQQ). 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.

The current GBTC Sharpe Ratio is 0.82, which is higher than the TQQQ Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of GBTC and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

GBTC has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.67%.

The maximum GBTC drawdown since its inception was -89.91%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GBTC and TQQQ. For additional features, visit the drawdowns tool.

The current volatility for Grayscale Bitcoin Trust (BTC) (GBTC) is 12.19%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 38.46%. This indicates that GBTC experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.