GFOF vs. PYPL
Compare and contrast key facts about Grayscale Future of Finance ETF (GFOF) and PayPal Holdings, Inc. (PYPL).
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 PYPL.
Performance
GFOF vs. PYPL - Performance Comparison
Returns By Period
In the year-to-date period, GFOF achieves a 55.56% return, which is significantly higher than PYPL's 41.30% return.
GFOF
55.56%
30.27%
60.73%
137.81%
N/A
N/A
PYPL
41.30%
7.35%
40.77%
54.01%
-3.14%
N/A
Key characteristics
| GFOF | PYPL | |
|---|---|---|
| Sharpe Ratio | 2.22 | 1.59 |
| Sortino Ratio | 2.85 | 2.15 |
| Omega Ratio | 1.33 | 1.28 |
| Calmar Ratio | 2.46 | 0.66 |
| Martin Ratio | 7.50 | 8.38 |
| Ulcer Index | 18.37% | 6.45% |
| Daily Std Dev | 62.19% | 33.88% |
| Max Drawdown | -75.18% | -83.67% |
| Current Drawdown | -2.38% | -71.88% |
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Correlation
The correlation between GFOF and PYPL is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
GFOF vs. PYPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) and PayPal Holdings, Inc. (PYPL). 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. PYPL - Dividend Comparison
GFOF's dividend yield for the trailing twelve months is around 5.05%, while PYPL has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
GFOF Grayscale Future of Finance ETF | 5.05% | 4.07% |
PYPL PayPal Holdings, Inc. | 0.00% | 0.00% |
Drawdowns
GFOF vs. PYPL - Drawdown Comparison
The maximum GFOF drawdown since its inception was -75.18%, smaller than the maximum PYPL drawdown of -83.67%. Use the drawdown chart below to compare losses from any high point for GFOF and PYPL. For additional features, visit the drawdowns tool.
Volatility
GFOF vs. PYPL - Volatility Comparison
Grayscale Future of Finance ETF (GFOF) has a higher volatility of 26.09% compared to PayPal Holdings, Inc. (PYPL) at 9.39%. This indicates that GFOF's price experiences larger fluctuations and is considered to be riskier than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.