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 2.21%/yr vs 10.99%/yr for VT. At a 0.36 correlation, their price movements are largely independent. 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 -28.93% return, which is significantly lower than VT's 12.24% return.
GDLC
- 1D
- -3.29%
- 1M
- -18.37%
- YTD
- -28.93%
- 6M
- -33.67%
- 1Y
- -33.81%
- 3Y*
- 64.48%
- 5Y*
- 2.21%
- 10Y*
- —
VT
- 1D
- -0.88%
- 1M
- 4.91%
- YTD
- 12.24%
- 6M
- 13.14%
- 1Y
- 29.24%
- 3Y*
- 20.93%
- 5Y*
- 10.99%
- 10Y*
- 12.74%
GDLC vs. VT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GDLC Grayscale CoinDesk Crypto 5 ETF | -28.93% | 0.45% | 136.98% | 353.26% | -84.21% | 27.43% | 233.86% | -5.00% |
VT Vanguard Total World Stock ETF | 12.24% | 22.43% | 16.49% | 22.02% | -18.00% | 18.27% | 16.59% | 4.11% |
Correlation
The correlation between GDLC and VT is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 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.
| GDLC | VT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.04 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.42 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 3.04 | -3.68 |
| Martin ratioReturn relative to average drawdown | -1.09 | 13.53 | -14.62 |
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 | VT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 2.31 | -3.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.69 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.44 | -0.14 |
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 | -52.91% | -9.67% | -43.24% |
Max Drawdown (3Y)Largest decline over 3 years | -52.91% | -16.51% | -36.40% |
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 | -54.28% | -0.88% | -53.40% |
Average DrawdownAverage peak-to-trough decline | -52.73% | -7.02% | -45.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.04% | 2.17% | +28.87% |
Volatility
GDLC vs. VT - Volatility Comparison
Grayscale CoinDesk Crypto 5 ETF (GDLC) has a higher volatility of 9.78% compared to Vanguard Total World Stock ETF (VT) at 3.83%. 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 | 9.78% | 3.83% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 36.66% | 10.17% | +26.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.54% | 12.70% | +35.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.43% | 16.05% | +58.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.91% | 17.23% | +76.68% |
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 1.59%.
| 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 | 1.59% | 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 (9.78%) compared to VT (3.83%). In terms of maximum drawdown, GDLC dropped -94.14% vs VT's -50.27%.
On 5-year performance, VT leads with 10.99% vs 2.21% for GDLC. On fees, VT is cheaper at 0.06% per year. On volatility, VT has been the lower-risk option at 3.83%. 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 10.99% return vs 2.21%. 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 1.59%, 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 (2.31 vs -0.70), 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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