GXLM vs. BTRN
GXLM (Grayscale Stellar Lumens Trust (XLM)) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. GXLM is actively managed, while BTRN is passively managed. Over the past year, GXLM returned -45.29% vs -23.90% for BTRN. At a 0.43 correlation, their price movements are largely independent.
Performance
GXLM vs. BTRN - Performance Comparison
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Returns By Period
In the year-to-date period, GXLM achieves a 22.71% return, which is significantly higher than BTRN's -9.44% return.
GXLM
- 1D
- 0.72%
- 1M
- -11.84%
- 6M
- 1.98%
- YTD
- 22.71%
- 1Y
- -45.29%
- 3Y*
- -21.32%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.50%
BTRN
- 1D
- 0.73%
- 1M
- 0.20%
- 6M
- -11.62%
- YTD
- -9.44%
- 1Y
- -23.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.83%
GXLM vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GXLM Grayscale Stellar Lumens Trust (XLM) | 22.71% | -50.11% | -31.52% |
BTRN Global X Bitcoin Trend Strategy ETF | -9.44% | 4.89% | 3.25% |
Correlation
The correlation between GXLM and BTRN is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.43 |
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Return for Risk
GXLM vs. BTRN — Risk / Return Rank
GXLM
BTRN
GXLM vs. BTRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Stellar Lumens Trust (XLM) (GXLM) and Global X Bitcoin Trend Strategy ETF (BTRN). 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.
| GXLM | BTRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.74 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.92 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.43 | +0.58 |
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Drawdowns
GXLM vs. BTRN - Drawdown Comparison
The maximum GXLM drawdown since its inception was -94.01%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for GXLM and BTRN.
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Drawdown Indicators
| GXLM | BTRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -36.97% | -57.04% |
Max Drawdown (1Y)Largest decline over 1 year | -71.88% | -26.03% | -45.85% |
Max Drawdown (3Y)Largest decline over 3 years | -78.19% | — | — |
Current DrawdownCurrent decline from peak | -72.88% | -25.42% | -47.46% |
Average DrawdownAverage peak-to-trough decline | -70.47% | -15.00% | -55.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.74% | 16.77% | +36.97% |
Volatility
GXLM vs. BTRN - Volatility Comparison
Grayscale Stellar Lumens Trust (XLM) (GXLM) has a higher volatility of 23.86% compared to Global X Bitcoin Trend Strategy ETF (BTRN) at 2.25%. This indicates that GXLM's price experiences larger fluctuations and is considered to be riskier than BTRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLM | BTRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.86% | 2.25% | +21.61% |
Volatility (6M)Calculated over the trailing 6-month period | 60.91% | 9.99% | +50.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.62% | 17.16% | +78.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 147.67% | 30.16% | +117.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.67% | 30.16% | +117.51% |
Dividends
GXLM vs. BTRN - Dividend Comparison
GXLM has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 31.00%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.00% | 27.76% | 2.56% |
GXLM Grayscale Stellar Lumens Trust (XLM) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GXLM and BTRN have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXLM has higher volatility (23.86%) compared to BTRN (2.25%). In terms of maximum drawdown, GXLM dropped -94.01% vs BTRN's -36.97%.
On 1-year performance, BTRN leads with -23.90% vs -45.29% for GXLM. On volatility, BTRN has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTRN has performed better with a -23.90% return vs -45.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTRN has the higher dividend yield at 31.00%, compared with 0.00% for GXLM.
They also come from different issuers: Grayscale and Global X.
GXLM currently has the higher Sharpe Ratio (-0.48 vs -1.40), 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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