GDOG vs. BTC
GDOG (Grayscale Dogecoin Trust ETF) and BTC (Grayscale Bitcoin Mini Trust ETF) are both Cryptocurrency funds from Grayscale. GDOG is passively managed, while BTC is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. GDOG charges 0.35%/yr vs 0.15%/yr for BTC.
Performance
GDOG vs. BTC - Performance Comparison
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Returns By Period
In the year-to-date period, GDOG achieves a -33.11% return, which is significantly lower than BTC's -28.84% return.
GDOG
- 1D
- -4.98%
- 1M
- -24.05%
- YTD
- -33.11%
- 6M
- -39.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC
- 1D
- -3.23%
- 1M
- -17.80%
- YTD
- -28.84%
- 6M
- -28.95%
- 1Y
- -39.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDOG vs. BTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GDOG Grayscale Dogecoin Trust ETF | -33.11% | -19.74% |
BTC Grayscale Bitcoin Mini Trust ETF | -28.84% | 3.45% |
Correlation
The correlation between GDOG and BTC is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025 | 0.81 |
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Return for Risk
GDOG vs. BTC — Risk / Return Rank
GDOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BTC
GDOG vs. BTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Dogecoin Trust ETF (GDOG) and Grayscale Bitcoin Mini Trust ETF (BTC). 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.
| GDOG | BTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.86 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.77 | — |
| Martin ratioReturn relative to average drawdown | — | -1.30 | — |
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Drawdowns
GDOG vs. BTC - Drawdown Comparison
The maximum GDOG drawdown since its inception was -49.62%, roughly equal to the maximum BTC drawdown of -51.97%. Use the drawdown chart below to compare losses from any high point for GDOG and BTC.
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Drawdown Indicators
| GDOG | BTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.62% | -51.97% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -51.97% | — |
Current DrawdownCurrent decline from peak | -49.62% | -50.40% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -29.81% | -17.66% | -12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.52% | — |
Volatility
GDOG vs. BTC - Volatility Comparison
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Volatility by Period
| GDOG | BTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.09% | 44.23% | +28.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.09% | 48.26% | +24.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.09% | 48.26% | +24.83% |
GDOG vs. BTC - Expense Ratio Comparison
GDOG has a 0.35% expense ratio, which is higher than BTC's 0.15% expense ratio.
Dividends
GDOG vs. BTC - Dividend Comparison
Neither GDOG nor BTC has paid dividends to shareholders.
Frequently Asked Questions
GDOG and BTC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTC is cheaper with a 0.15% expense ratio, compared with 0.35% for GDOG.
GDOG and BTC have nearly identical dividend yields, around 0.00%.
Their fees differ too: 0.35% for GDOG and 0.15% for BTC.
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