GXLM vs. WGMI
GXLM (Grayscale Stellar Lumens Trust (XLM)) and WGMI (CoinShares Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, GXLM returned -27.76%/yr vs 70.12%/yr for WGMI. At a 0.36 correlation, their price movements are largely independent.
Performance
GXLM vs. WGMI - Performance Comparison
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Returns By Period
In the year-to-date period, GXLM achieves a 6.12% return, which is significantly lower than WGMI's 66.45% return.
GXLM
- 1D
- -0.10%
- 1M
- -24.43%
- YTD
- 6.12%
- 6M
- 1.93%
- 1Y
- 3.00%
- 3Y*
- -27.76%
- 5Y*
- —
- 10Y*
- —
WGMI
- 1D
- -3.09%
- 1M
- -6.45%
- YTD
- 66.45%
- 6M
- 61.80%
- 1Y
- 193.41%
- 3Y*
- 70.12%
- 5Y*
- —
- 10Y*
- —
GXLM vs. WGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GXLM Grayscale Stellar Lumens Trust (XLM) | 6.12% | -50.11% | 15.60% | 532.21% | -79.76% |
WGMI CoinShares Bitcoin Miners ETF | 66.45% | 72.47% | 23.54% | 304.08% | -82.94% |
Correlation
The correlation between GXLM and WGMI 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 (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.36 |
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Return for Risk
GXLM vs. WGMI — Risk / Return Rank
GXLM
WGMI
GXLM vs. WGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Stellar Lumens Trust (XLM) (GXLM) and CoinShares Bitcoin Miners ETF (WGMI). 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 | WGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.33 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 3.82 | -3.78 |
| Martin ratioReturn relative to average drawdown | 0.06 | 7.73 | -7.67 |
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Drawdowns
GXLM vs. WGMI - Drawdown Comparison
The maximum GXLM drawdown since its inception was -94.01%, which is greater than WGMI's maximum drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for GXLM and WGMI.
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Drawdown Indicators
| GXLM | WGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -85.76% | -8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -71.88% | -50.94% | -20.94% |
Max Drawdown (3Y)Largest decline over 3 years | -78.19% | -62.79% | -15.40% |
Current DrawdownCurrent decline from peak | -76.54% | -11.65% | -64.89% |
Average DrawdownAverage peak-to-trough decline | -70.43% | -42.31% | -28.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.28% | 25.15% | +27.13% |
Volatility
GXLM vs. WGMI - Volatility Comparison
Grayscale Stellar Lumens Trust (XLM) (GXLM) has a higher volatility of 34.14% compared to CoinShares Bitcoin Miners ETF (WGMI) at 21.13%. This indicates that GXLM's price experiences larger fluctuations and is considered to be riskier than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLM | WGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.14% | 21.13% | +13.01% |
Volatility (6M)Calculated over the trailing 6-month period | 61.53% | 55.14% | +6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.03% | 76.44% | +27.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 148.38% | 81.44% | +66.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.38% | 81.44% | +66.94% |
Dividends
GXLM vs. WGMI - Dividend Comparison
Neither GXLM nor WGMI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GXLM Grayscale Stellar Lumens Trust (XLM) | 0.00% | 0.00% | 0.00% | 0.00% |
WGMI CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
GXLM and WGMI 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 (34.14%) compared to WGMI (21.13%). In terms of maximum drawdown, GXLM dropped -94.01% vs WGMI's -85.76%.
On 3-year performance, WGMI leads with 70.12% vs -27.76% for GXLM. On volatility, WGMI has been the lower-risk option at 21.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WGMI has performed better with a 70.12% return vs -27.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXLM and WGMI have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Grayscale and CoinShares.
WGMI currently has the higher Sharpe Ratio (2.55 vs 0.03), 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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