GDLC vs. VT
GDLC (Grayscale CoinDesk Crypto 5 ETF) and VT (Vanguard Total World Stock ETF) are both exchange-traded funds - GDLC is a Cryptocurrency fund tracking the CoinDesk 5 Index, while VT is a Global Equities fund tracking the FTSE Global All Cap Index. Both are passively managed. Over the past 5 years, GDLC returned -3.08%/yr vs 10.72%/yr for VT. Their 0.36 correlation means their historical movements had little consistent relationship. GDLC charges 0.59%/yr vs 0.06%/yr for VT.
Performance
GDLC vs. VT - Performance Comparison
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Returns By Period
In the year-to-date period, GDLC achieves a -30.16% return, which is significantly lower than VT's 12.40% return.
GDLC
- 1D
- 1.26%
- 1M
- 4.19%
- 6M
- -19.67%
- YTD
- -30.16%
- 1Y
- -42.29%
- 3Y*
- 49.03%
- 5Y*
- -3.08%
- 10Y*
- —
- ALL TIME*
- 20.89%
VT
- 1D
- 1.12%
- 1M
- 0.92%
- 6M
- 8.48%
- YTD
- 12.40%
- 1Y
- 24.89%
- 3Y*
- 19.46%
- 5Y*
- 10.72%
- 10Y*
- 12.38%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.36M | $1.40M | $1.44M | |
| $432.10M | $371.73M | $483.41M |
GDLC vs. VT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GDLC Grayscale CoinDesk Crypto 5 ETF | -30.16% | 0.45% | 136.98% | 353.26% | -84.21% | 27.43% | 233.86% | -29.63% |
VT Vanguard Total World Stock ETF | 12.40% | 22.43% | 16.49% | 22.02% | -18.00% | 18.27% | 16.59% | 4.34% |
Correlation
The correlation between GDLC and VT is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2019 | 0.36 |
The correlation between GDLC and VT shifts across timeframes, from 0.36 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDLC vs. VT — Risk / Return Rank
GDLC
VT
GDLC vs. VT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale CoinDesk Crypto 5 ETF (GDLC) and Vanguard Total World Stock ETF (VT). 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 | VT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.32 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.58 | -3.33 |
| Martin ratioReturn relative to average drawdown | -1.12 | 10.76 | -11.88 |
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Drawdowns
GDLC vs. VT - Drawdown Comparison
The maximum GDLC drawdown since its inception was -94.14%, which is greater than VT's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for GDLC and VT.
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Drawdown Indicators
| GDLC | VT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.14% | -50.27% | -43.87% |
Max Drawdown (1Y)Largest decline over 1 year | -57.18% | -9.67% | -47.51% |
Max Drawdown (3Y)Largest decline over 3 years | -57.18% | -16.51% | -40.67% |
Max Drawdown (5Y)Largest decline over 5 years | -94.14% | -26.38% | -67.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.24% | — |
Current DrawdownCurrent decline from peak | -55.07% | -0.73% | -54.34% |
Average DrawdownAverage peak-to-trough decline | -52.83% | -6.97% | -45.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.88% | 2.32% | +35.56% |
Volatility
GDLC vs. VT - Volatility Comparison
Grayscale CoinDesk Crypto 5 ETF (GDLC) has a higher volatility of 9.27% compared to Vanguard Total World Stock ETF (VT) at 4.14%. This indicates that GDLC's price experiences larger fluctuations and is considered to be riskier than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDLC | VT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.27% | 4.14% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 35.61% | 11.69% | +23.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.03% | 13.96% | +35.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.69% | 16.23% | +55.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.49% | 17.19% | +76.30% |
GDLC vs. VT - Expense Ratio Comparison
GDLC has a 0.59% expense ratio, which is higher than VT's 0.06% expense ratio.
Dividends
GDLC vs. VT - Dividend Comparison
GDLC has not paid dividends to shareholders, while VT's dividend yield for the trailing twelve months is around 1.58%.
| Position | 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% |
VT Vanguard Total World Stock ETF | 1.58% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
Frequently Asked Questions
GDLC and VT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDLC has higher volatility (9.27%) compared to VT (4.14%). In terms of maximum drawdown, GDLC dropped -94.14% vs VT's -50.27%.
On 5-year performance, VT leads with 10.72% vs -3.08% for GDLC. On fees, VT is cheaper at 0.06% per year. On volatility, VT has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VT has performed better with a 10.72% return vs -3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VT is cheaper with a 0.06% expense ratio, compared with 0.59% for GDLC.
VT has the higher dividend yield at 1.58%, compared with 0.00% for GDLC.
GDLC is categorized as Cryptocurrency, while VT is Global Equities. GDLC tracks CoinDesk 5 Index, while VT tracks FTSE Global All Cap Index. They also come from different issuers: Grayscale and Vanguard. Their fees differ too: 0.59% for GDLC and 0.06% for VT.
VT currently has the higher Sharpe Ratio (1.80 vs -0.87), 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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