GDLC vs. VOO
Compare and contrast key facts about Grayscale CoinDesk Crypto 5 ETF (GDLC) and Vanguard S&P 500 ETF (VOO).
GDLC and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDLC is a passively managed fund by Grayscale that tracks the performance of the CoinDesk 5 Index. It was launched on Feb 1, 2018. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both GDLC and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GDLC vs. VOO - Performance Comparison
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GDLC vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GDLC Grayscale CoinDesk Crypto 5 ETF | -23.94% | 0.45% | 136.98% | 353.26% | -84.21% | 27.43% | 233.86% | -5.00% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 4.06% |
Returns By Period
In the year-to-date period, GDLC achieves a -23.94% return, which is significantly lower than VOO's -3.66% return.
GDLC
- 1D
- 0.77%
- 1M
- -0.54%
- YTD
- -23.94%
- 6M
- -45.43%
- 1Y
- -11.29%
- 3Y*
- 65.77%
- 5Y*
- -3.05%
- 10Y*
- —
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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GDLC vs. VOO - Expense Ratio Comparison
GDLC has a 0.59% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
GDLC vs. VOO — Risk / Return Rank
GDLC
VOO
GDLC vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale CoinDesk Crypto 5 ETF (GDLC) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.22 | 1.01 | -1.23 |
Sortino ratioReturn per unit of downside risk | 0.02 | 1.53 | -1.51 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.23 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.55 | -1.73 |
Martin ratioReturn relative to average drawdown | -0.38 | 7.31 | -7.69 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.22 | 1.01 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.71 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.83 | -0.52 |
Correlation
The correlation between GDLC and VOO is 0.34, 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. VOO - Dividend Comparison
GDLC has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.18%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
GDLC vs. VOO - Drawdown Comparison
The maximum GDLC drawdown since its inception was -94.14%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GDLC and VOO.
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Drawdown Indicators
| GDLC | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.14% | -33.99% | -60.15% |
Max Drawdown (1Y)Largest decline over 1 year | -52.91% | -11.98% | -40.93% |
Max Drawdown (5Y)Largest decline over 5 years | -94.14% | -24.52% | -69.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -51.07% | -5.55% | -45.52% |
Average DrawdownAverage peak-to-trough decline | -52.89% | -3.72% | -49.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.05% | 2.55% | +22.50% |
Volatility
GDLC vs. VOO - Volatility Comparison
Grayscale CoinDesk Crypto 5 ETF (GDLC) has a higher volatility of 13.62% compared to Vanguard S&P 500 ETF (VOO) at 5.34%. This indicates that GDLC's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDLC | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.62% | 5.34% | +8.28% |
Volatility (6M)Calculated over the trailing 6-month period | 40.45% | 9.47% | +30.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.43% | 18.11% | +32.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.86% | 16.82% | +61.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.99% | 17.99% | +77.00% |