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 3.00% vs -18.78% 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 6.12% return, which is significantly higher than BTRN's -10.63% return.
GXLM
- 1D
- -0.10%
- 1M
- -24.43%
- YTD
- 6.12%
- 6M
- 1.93%
- 1Y
- 3.00%
- 3Y*
- -27.76%
- 5Y*
- —
- 10Y*
- —
BTRN
- 1D
- -0.03%
- 1M
- -7.03%
- YTD
- -10.63%
- 6M
- -10.63%
- 1Y
- -18.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXLM vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GXLM Grayscale Stellar Lumens Trust (XLM) | 6.12% | -50.11% | -31.52% |
BTRN Global X Bitcoin Trend Strategy ETF | -10.63% | 4.89% | 3.25% |
Correlation
The correlation between GXLM and BTRN is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
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 | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.81 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | -0.71 | +0.75 |
| Martin ratioReturn relative to average drawdown | 0.06 | -1.17 | +1.23 |
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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% | -26.45% | -45.43% |
Max Drawdown (3Y)Largest decline over 3 years | -78.19% | — | — |
Current DrawdownCurrent decline from peak | -76.54% | -26.40% | -50.14% |
Average DrawdownAverage peak-to-trough decline | -70.43% | -14.72% | -55.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.28% | 16.08% | +36.20% |
Volatility
GXLM vs. BTRN - Volatility Comparison
Grayscale Stellar Lumens Trust (XLM) (GXLM) has a higher volatility of 34.14% compared to Global X Bitcoin Trend Strategy ETF (BTRN) at 3.65%. 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 | 34.14% | 3.65% | +30.49% |
Volatility (6M)Calculated over the trailing 6-month period | 61.53% | 10.21% | +51.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.03% | 18.50% | +85.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.38% | 30.51% | +117.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.38% | 30.51% | +117.87% |
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 31.41%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 31.41% | 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 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXLM has higher volatility (34.14%) compared to BTRN (3.65%). In terms of maximum drawdown, GXLM dropped -94.01% vs BTRN's -36.97%.
On 1-year performance, GXLM leads with 3.00% vs -18.78% for BTRN. On volatility, BTRN has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GXLM has performed better with a 3.00% return vs -18.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTRN has the higher dividend yield at 31.41%, compared with 0.00% for GXLM.
They also come from different issuers: Grayscale and Global X.
GXLM currently has the higher Sharpe Ratio (0.03 vs -1.02), 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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