GLNK vs. IBTF
GLNK (Grayscale Chainlink Trust ETF) and IBTF (iShares iBonds Dec 2025 Term Treasury ETF) are both exchange-traded funds - GLNK is a Cryptocurrency fund tracking the Chainlink (LINK), while IBTF is a Government Bonds fund tracking the ICE 2025 Maturity US Treasury Index. Both are passively managed. Over the past 3 years, GLNK returned -14.49%/yr vs 3.66%/yr for IBTF. At a 0.00 correlation, their price movements are largely independent. GLNK charges 2.50%/yr vs 0.07%/yr for IBTF.
Performance
GLNK vs. IBTF - Performance Comparison
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Returns By Period
GLNK
- 1D
- -1.51%
- 1M
- -17.03%
- YTD
- -34.28%
- 6M
- -43.95%
- 1Y
- -60.98%
- 3Y*
- -14.49%
- 5Y*
- —
- 10Y*
- —
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.09%
- 1Y
- 2.10%
- 3Y*
- 3.66%
- 5Y*
- 0.90%
- 10Y*
- —
GLNK vs. IBTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLNK Grayscale Chainlink Trust ETF | -34.28% | -87.10% | 38.45% | 840.06% | -17.85% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 4.12% | -1.85% |
Correlation
The correlation between GLNK and IBTF is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 20, 2022 | 0.00 |
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Return for Risk
GLNK vs. IBTF — Risk / Return Rank
GLNK
IBTF
GLNK vs. IBTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). 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.
| GLNK | IBTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.52 | ||
| Sortino ratioReturn per unit of downside risk | -20.14 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 6.12 | -5.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 58.19 | -58.88 |
| Martin ratioReturn relative to average drawdown | -0.91 | 264.16 | -265.07 |
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
| GLNK | IBTF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 6.96 | -7.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.44 | -0.46 |
Drawdowns
GLNK vs. IBTF - Drawdown Comparison
The maximum GLNK drawdown since its inception was -95.82%, which is greater than IBTF's maximum drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for GLNK and IBTF.
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Drawdown Indicators
| GLNK | IBTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.82% | -10.45% | -85.37% |
Max Drawdown (1Y)Largest decline over 1 year | -88.29% | -0.04% | -88.25% |
Max Drawdown (3Y)Largest decline over 3 years | -95.82% | -0.67% | -95.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.53% | — |
Current DrawdownCurrent decline from peak | -95.78% | 0.00% | -95.78% |
Average DrawdownAverage peak-to-trough decline | -55.74% | -3.32% | -52.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 66.91% | 0.01% | +66.90% |
Volatility
GLNK vs. IBTF - Volatility Comparison
Grayscale Chainlink Trust ETF (GLNK) has a higher volatility of 14.84% compared to iShares iBonds Dec 2025 Term Treasury ETF (IBTF) at 0.00%. This indicates that GLNK's price experiences larger fluctuations and is considered to be riskier than IBTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLNK | IBTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.84% | 0.00% | +14.84% |
Volatility (6M)Calculated over the trailing 6-month period | 46.80% | 0.18% | +46.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.05% | 0.36% | +108.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 164.79% | 2.38% | +162.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 164.79% | 2.56% | +162.23% |
GLNK vs. IBTF - Expense Ratio Comparison
GLNK has a 2.50% expense ratio, which is higher than IBTF's 0.07% expense ratio.
Dividends
GLNK vs. IBTF - Dividend Comparison
GLNK has not paid dividends to shareholders, while IBTF's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLNK Grayscale Chainlink Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 2.08% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% |
Frequently Asked Questions
GLNK and IBTF have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLNK has higher volatility (14.84%) compared to IBTF (0.00%). In terms of maximum drawdown, GLNK dropped -95.82% vs IBTF's -10.45%.
On 3-year performance, IBTF leads with 3.66% vs -14.49% for GLNK. On fees, IBTF is cheaper at 0.07% per year. On volatility, IBTF has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBTF has performed better with a 3.66% return vs -14.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTF is cheaper with a 0.07% expense ratio, compared with 2.50% for GLNK.
IBTF has the higher dividend yield at 2.08%, compared with 0.00% for GLNK.
GLNK is categorized as Cryptocurrency, while IBTF is Government Bonds. GLNK tracks Chainlink (LINK), while IBTF tracks ICE 2025 Maturity US Treasury Index. They also come from different issuers: Grayscale and iShares. Their fees differ too: 2.50% for GLNK and 0.07% for IBTF.
IBTF currently has the higher Sharpe Ratio (6.96 vs -0.56), 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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