GDLC vs. CEF
Compare and contrast key facts about Grayscale CoinDesk Crypto 5 ETF (GDLC) and Sprott Physical Gold and Silver Trust (CEF).
GDLC is a passively managed fund by Grayscale that tracks the performance of the CoinDesk 5 Index. It was launched on Feb 1, 2018. CEF is an actively managed fund by Sprott. It was launched on Jan 16, 2018.
Performance
GDLC vs. CEF - Performance Comparison
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GDLC vs. CEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GDLC Grayscale CoinDesk Crypto 5 ETF | -24.52% | 0.45% | 136.98% | 353.26% | -84.21% | 27.43% | 233.86% | -5.00% |
CEF Sprott Physical Gold and Silver Trust | 4.19% | 92.76% | 24.07% | 6.80% | 1.07% | -8.32% | 31.99% | 4.42% |
Returns By Period
In the year-to-date period, GDLC achieves a -24.52% return, which is significantly lower than CEF's 4.19% return.
GDLC
- 1D
- 2.20%
- 1M
- 3.93%
- YTD
- -24.52%
- 6M
- -44.20%
- 1Y
- -10.19%
- 3Y*
- 65.34%
- 5Y*
- -3.20%
- 10Y*
- —
CEF
- 1D
- 5.58%
- 1M
- -15.38%
- YTD
- 4.19%
- 6M
- 30.06%
- 1Y
- 67.97%
- 3Y*
- 36.15%
- 5Y*
- 21.95%
- 10Y*
- 15.03%
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GDLC vs. CEF - Expense Ratio Comparison
GDLC has a 0.59% expense ratio, which is higher than CEF's 0.48% expense ratio.
Return for Risk
GDLC vs. CEF — Risk / Return Rank
GDLC
CEF
GDLC vs. CEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale CoinDesk Crypto 5 ETF (GDLC) and Sprott Physical Gold and Silver Trust (CEF). 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.
| GDLC | CEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.20 | 1.83 | -2.03 |
Sortino ratioReturn per unit of downside risk | 0.06 | 2.12 | -2.06 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.61 | -2.81 |
Martin ratioReturn relative to average drawdown | -0.41 | 9.68 | -10.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDLC | CEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 1.83 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.93 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.23 | +0.09 |
Correlation
The correlation between GDLC and CEF is 0.20, 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.
Dividends
GDLC vs. CEF - Dividend Comparison
Neither GDLC nor CEF has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDLC Grayscale CoinDesk Crypto 5 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CEF Sprott Physical Gold and Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.07% | 0.09% | 0.10% |
Drawdowns
GDLC vs. CEF - Drawdown Comparison
The maximum GDLC drawdown since its inception was -94.14%, which is greater than CEF's maximum drawdown of -62.29%. Use the drawdown chart below to compare losses from any high point for GDLC and CEF.
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Drawdown Indicators
| GDLC | CEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.14% | -62.29% | -31.85% |
Max Drawdown (1Y)Largest decline over 1 year | -52.91% | -26.77% | -26.14% |
Max Drawdown (5Y)Largest decline over 5 years | -94.14% | -26.77% | -67.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.10% | — |
Current DrawdownCurrent decline from peak | -51.45% | -19.41% | -32.04% |
Average DrawdownAverage peak-to-trough decline | -52.90% | -27.38% | -25.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.86% | 7.23% | +17.63% |
Volatility
GDLC vs. CEF - Volatility Comparison
The current volatility for Grayscale CoinDesk Crypto 5 ETF (GDLC) is 13.67%, while Sprott Physical Gold and Silver Trust (CEF) has a volatility of 14.73%. This indicates that GDLC experiences smaller price fluctuations and is considered to be less risky than CEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDLC | CEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.67% | 14.73% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 40.43% | 35.36% | +5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.42% | 37.38% | +13.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.87% | 23.78% | +54.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.02% | 21.58% | +73.44% |