GOOGL vs. GBTC
GOOGL (Alphabet Inc. Class A) is a stock, while GBTC (Grayscale Bitcoin Trust ETF) is Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Over the past 10 years, GOOGL returned 25.76%/yr vs 46.47%/yr for GBTC. At a 0.19 correlation, their price movements are largely independent.
Performance
GOOGL vs. GBTC - Performance Comparison
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Returns By Period
In the year-to-date period, GOOGL achieves a 15.06% return, which is significantly higher than GBTC's -27.82% return. Over the past 10 years, GOOGL has underperformed GBTC with an annualized return of 25.76%, while GBTC has yielded a comparatively higher 46.47% annualized return.
GOOGL
- 1D
- 0.53%
- 1M
- -10.27%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 106.51%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
GBTC
- 1D
- 0.04%
- 1M
- -22.02%
- YTD
- -27.82%
- 6M
- -30.09%
- 1Y
- -40.43%
- 3Y*
- 55.55%
- 5Y*
- 9.90%
- 10Y*
- 46.47%
GOOGL vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
GBTC Grayscale Bitcoin Trust ETF | -27.82% | -7.65% | 113.81% | 317.61% | -75.80% | 7.03% | 290.72% | 106.56% | -82.10% | 1,787.72% |
Correlation
The correlation between GOOGL and GBTC is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | 0.19 |
The correlation between GOOGL and GBTC shifts across timeframes, from 0.19 (all time) to 0.33 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GOOGL:
$422.57B
GBTC:
$0.00
GOOGL:
$255.12B
GBTC:
$0.00
GOOGL:
$174.08B
GBTC:
$4.58B
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Return for Risk
GOOGL vs. GBTC — Risk / Return Rank
GOOGL
GBTC
GOOGL vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) and Grayscale Bitcoin Trust ETF (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.
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.
| GOOGL | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.56 | ||
| Sortino ratioReturn per unit of downside risk | +6.26 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.85 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | -0.79 | +5.99 |
| Martin ratioReturn relative to average drawdown | 18.48 | -1.39 | +19.87 |
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Drawdowns
GOOGL vs. GBTC - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for GOOGL and GBTC.
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Drawdown Indicators
| GOOGL | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -89.91% | +24.62% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -52.45% | +32.08% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -52.45% | +22.64% |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | -85.42% | +41.10% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | -89.91% | +45.59% |
Current DrawdownCurrent decline from peak | -10.61% | -49.87% | +39.26% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -43.43% | +30.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 29.85% | -24.13% |
Volatility
GOOGL vs. GBTC - Volatility Comparison
The current volatility for Alphabet Inc. Class A (GOOGL) is 7.24%, while Grayscale Bitcoin Trust ETF (GBTC) has a volatility of 11.97%. This indicates that GOOGL experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOGL | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 11.97% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 34.41% | -13.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.31% | 44.01% | -14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.33% | 62.25% | -30.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 81.84% | -52.71% |
Dividends
GOOGL vs. GBTC - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.24%, while GBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% |
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOOGL and GBTC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBTC has higher volatility (11.97%) compared to GOOGL (7.24%). In terms of maximum drawdown, GOOGL dropped -65.29% vs GBTC's -89.91%.
GOOGL currently has the higher Sharpe Ratio (3.62 vs -0.94), 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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