HURA vs. GBTC

Last updated Jun 24, 2026

HURA (TuHURA Biosciences, Inc.) is a stock, while GBTC (Grayscale Bitcoin Trust ETF) is Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Over the past 10 years, HURA returned -66.09%/yr vs 44.88%/yr for GBTC. At a 0.08 correlation, their price movements are largely independent.

Performance

HURA vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TuHURA Biosciences, Inc. (HURA) and Grayscale Bitcoin Trust ETF (GBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HURA achieves a 248.88% return, which is significantly higher than GBTC's -29.27% return. Over the past 10 years, HURA has underperformed GBTC with an annualized return of -66.09%, while GBTC has yielded a comparatively higher 44.88% annualized return.

HURA

• 1D: -2.58%
• 1M: 5.60%
• YTD: 248.88%
• 6M: 269.18%
• 1Y: 4.35%
• 3Y*: -71.21%
• 5Y*: -77.11%
• 10Y*: -66.09%

GBTC

• 1D: -3.22%
• 1M: -17.84%
• YTD: -29.27%
• 6M: -29.42%
• 1Y: -40.53%
• 3Y*: 36.07%
• 5Y*: 10.30%
• 10Y*: 44.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HURA vs. GBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HURA TuHURA Biosciences, Inc.	248.88%	-81.50%	-31.10%	-97.54%	-72.98%	-60.16%	85.51%	-79.82%	-68.63%	-65.82%
GBTC Grayscale Bitcoin Trust ETF	-29.27%	-7.65%	113.81%	317.61%	-75.80%	7.03%	290.72%	106.56%	-82.10%	1,787.72%

Correlation

The correlation between HURA and GBTC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since May 4, 2015	0.08

Over the past year, HURA and GBTC have become more correlated (0.28) than their long-term average of 0.08, meaning their price movements have been converging.

Fundamentals

Total Revenue (TTM) HURA : $0.00 GBTC : $0.00
Gross Profit (TTM) HURA : -$17.64K GBTC : $0.00
EBITDA (TTM) HURA : -$28.68M GBTC : $4.58B

Return for Risk

HURA vs. GBTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HURA

HURA Risk / Return Rank: 50
HURA Sharpe Ratio Rank: 44
HURA Sortino Ratio Rank: 60
HURA Omega Ratio Rank: 58
HURA Calmar Ratio Rank: 43
HURA Martin Ratio Rank: 43

GBTC

GBTC Risk / Return Rank: 2
GBTC Sharpe Ratio Rank: 2
GBTC Sortino Ratio Rank: 2
GBTC Omega Ratio Rank: 2
GBTC Calmar Ratio Rank: 2
GBTC Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HURA vs. GBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TuHURA Biosciences, Inc. (HURA) 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.

	HURA	GBTC	Difference
Sharpe ratio: Return per unit of total volatility	0.03	-0.92	+0.95
Sortino ratio: Return per unit of downside risk	1.20	-1.29	+2.49
Omega ratio: Gain probability vs. loss probability	1.14	0.86	+0.29
Calmar ratio: Return relative to maximum drawdown	0.05	-0.78	+0.83
Martin ratio: Return relative to average drawdown	0.10	-1.32	+1.42

HURA vs. GBTC - Sharpe Ratio Comparison

The current HURA Sharpe Ratio is 0.03, which is higher than the GBTC Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of HURA and GBTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HURA vs. GBTC - Drawdown Comparison

The maximum HURA drawdown since its inception was -100.00%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for HURA and GBTC.

Drawdown Indicators

	HURA	GBTC	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-89.91%	-10.09%
Max Drawdown (1Y) Largest decline over 1 year	-86.46%	-52.45%	-34.01%
Max Drawdown (3Y) Largest decline over 3 years	-99.76%	-52.45%	-47.31%
Max Drawdown (5Y) Largest decline over 5 years	-99.99%	-85.42%	-14.57%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-89.91%	-10.09%
Current Drawdown Current decline from peak	-100.00%	-50.88%	-49.12%
Average Drawdown Average peak-to-trough decline	-88.34%	-43.44%	-44.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.54%	30.79%	+11.75%

Volatility

HURA vs. GBTC - Volatility Comparison

TuHURA Biosciences, Inc. (HURA) has a higher volatility of 24.11% compared to Grayscale Bitcoin Trust ETF (GBTC) at 13.05%. This indicates that HURA's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HURA	GBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.11%	13.05%	+11.06%
Volatility (6M) Calculated over the trailing 6-month period	99.70%	34.57%	+65.13%
Volatility (1Y) Calculated over the trailing 1-year period	134.90%	44.21%	+90.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.69%	62.13%	+78.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.37%	81.46%	+46.91%

Dividends

HURA vs. GBTC - Dividend Comparison

Neither HURA nor GBTC has 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%
HURA TuHURA Biosciences, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HURA and GBTC in my portfolio?

HURA and GBTC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HURA or GBTC?

HURA has higher volatility (24.11%) compared to GBTC (13.05%). In terms of maximum drawdown, HURA dropped -100.00% vs GBTC's -89.91%.

Which has better risk-adjusted returns?

HURA currently has the higher Sharpe Ratio (0.03 vs -0.92), 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.