GDLC vs. BNB-USD
GDLC (Grayscale CoinDesk Crypto 5 ETF) is Cryptocurrency fund tracking the CoinDesk 5 Index, while BNB-USD (BNB) is a cryptocurrency. Over the past 5 years, GDLC returned 2.39%/yr vs 12.94%/yr for BNB-USD. At a 0.42 correlation, their price movements are largely independent.
Performance
GDLC vs. BNB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, GDLC achieves a -32.34% return, which is significantly higher than BNB-USD's -34.16% return.
GDLC
- 1D
- -2.77%
- 1M
- -1.51%
- 6M
- -35.66%
- YTD
- -32.34%
- 1Y
- -45.99%
- 3Y*
- 42.64%
- 5Y*
- 2.39%
- 10Y*
- —
BNB-USD
- 1D
- -0.87%
- 1M
- -6.63%
- 6M
- -37.15%
- YTD
- -34.16%
- 1Y
- -17.84%
- 3Y*
- 31.83%
- 5Y*
- 12.94%
- 10Y*
- —
GDLC vs. BNB-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GDLC Grayscale CoinDesk Crypto 5 ETF | -32.34% | 0.45% | 136.98% | 353.26% | -84.21% | 27.43% | 233.86% | -29.63% |
BNB-USD BNB | -34.16% | 23.21% | 124.36% | 26.83% | -51.86% | 1,277.47% | 170.06% | -18.04% |
Correlation
The correlation between GDLC and BNB-USD is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2019 | 0.42 |
The correlation between GDLC and BNB-USD shifts across timeframes, from 0.42 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDLC vs. BNB-USD — Risk / Return Rank
GDLC
BNB-USD
GDLC vs. BNB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale CoinDesk Crypto 5 ETF (GDLC) and BNB (BNB-USD). 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.
| GDLC | BNB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.99 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.31 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.29 | -0.46 | -0.83 |
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Drawdowns
GDLC vs. BNB-USD - Drawdown Comparison
The maximum GDLC drawdown since its inception was -94.14%, which is greater than BNB-USD's maximum drawdown of -79.74%. Use the drawdown chart below to compare losses from any high point for GDLC and BNB-USD.
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Drawdown Indicators
| GDLC | BNB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.14% | -79.74% | -14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -57.18% | -58.25% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -57.18% | -58.25% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -94.14% | -69.89% | -24.25% |
Current DrawdownCurrent decline from peak | -56.48% | -56.51% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -52.81% | -38.87% | -13.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.64% | 31.01% | +4.63% |
Volatility
GDLC vs. BNB-USD - Volatility Comparison
Grayscale CoinDesk Crypto 5 ETF (GDLC) has a higher volatility of 11.89% compared to BNB (BNB-USD) at 8.57%. This indicates that GDLC's price experiences larger fluctuations and is considered to be riskier than BNB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDLC | BNB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.89% | 8.57% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 36.71% | 34.71% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.09% | 44.56% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.15% | 49.24% | +23.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.87% | 79.72% | +14.15% |
Frequently Asked Questions
GDLC and BNB-USD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDLC has higher volatility (11.89%) compared to BNB-USD (8.57%). In terms of maximum drawdown, GDLC dropped -94.14% vs BNB-USD's -79.74%.
BNB-USD currently has the higher Sharpe Ratio (-0.33 vs -0.94), 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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