GFOF vs. GBTC
Compare and contrast key facts about Grayscale Future of Finance ETF (GFOF) and Grayscale Bitcoin Trust (BTC) (GBTC).
GFOF is a passively managed fund by Grayscale that tracks the performance of the Bloomberg Grayscale Future of Finance Index. It was launched on Feb 1, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GFOF or GBTC.
Performance
GFOF vs. GBTC - Performance Comparison
Returns By Period
In the year-to-date period, GFOF achieves a 55.56% return, which is significantly lower than GBTC's 127.82% return.
GFOF
55.56%
30.27%
60.73%
137.81%
N/A
N/A
GBTC
127.82%
49.29%
28.18%
159.01%
53.55%
N/A
Key characteristics
| GFOF | GBTC | |
|---|---|---|
| Sharpe Ratio | 2.22 | 2.72 |
| Sortino Ratio | 2.85 | 3.07 |
| Omega Ratio | 1.33 | 1.37 |
| Calmar Ratio | 2.46 | 3.39 |
| Martin Ratio | 7.50 | 10.29 |
| Ulcer Index | 18.37% | 15.45% |
| Daily Std Dev | 62.19% | 58.45% |
| Max Drawdown | -75.18% | -89.91% |
| Current Drawdown | -2.38% | 0.00% |
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Correlation
The correlation between GFOF and GBTC is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GFOF vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.
Dividends
GFOF vs. GBTC - Dividend Comparison
GFOF's dividend yield for the trailing twelve months is around 5.05%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GFOF Grayscale Future of Finance ETF | 5.05% | 4.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
GFOF vs. GBTC - Drawdown Comparison
The maximum GFOF drawdown since its inception was -75.18%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for GFOF and GBTC. For additional features, visit the drawdowns tool.
Volatility
GFOF vs. GBTC - Volatility Comparison
Grayscale Future of Finance ETF (GFOF) has a higher volatility of 26.09% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 17.87%. This indicates that GFOF's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.