PortfoliosLab logo
Tools
Performance Analysis
Risk Analysis
Optimization
Factor Model
See All Tools
Portfolio Analysis
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
IBIT vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IBITGBTC
Daily Std Dev61.02%60.20%
Max Drawdown-17.14%-89.91%
Current Drawdown-17.14%-17.19%

Correlation

-0.50.00.51.01.0

The correlation between IBIT and GBTC is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

IBIT vs. GBTC - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%Jan 14Jan 21Jan 28Feb 04Feb 11Feb 18Feb 25Mar 03Mar 10Mar 17Mar 24Mar 31Apr 07Apr 14
30.53%
33.47%
IBIT
GBTC

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


iShares Bitcoin Trust

Grayscale Bitcoin Trust (BTC)

Risk-Adjusted Performance

IBIT vs. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (BTC) (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.


IBIT
Sharpe ratio
No data
GBTC
Sharpe ratio
The chart of Sharpe ratio for GBTC, currently valued at 3.71, compared to the broader market-1.000.001.002.003.004.005.003.71
Sortino ratio
The chart of Sortino ratio for GBTC, currently valued at 3.92, compared to the broader market-2.000.002.004.006.008.003.92
Omega ratio
The chart of Omega ratio for GBTC, currently valued at 1.46, compared to the broader market1.001.502.002.501.46
Calmar ratio
The chart of Calmar ratio for GBTC, currently valued at 2.90, compared to the broader market0.002.004.006.008.0010.0012.002.90
Martin ratio
The chart of Martin ratio for GBTC, currently valued at 24.18, compared to the broader market0.0020.0040.0060.0080.0024.18

IBIT vs. GBTC - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

IBIT vs. GBTC - Dividend Comparison

Neither IBIT nor GBTC has paid dividends to shareholders.


TTM2023202220212020201920182017
IBIT
iShares Bitcoin Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GBTC
Grayscale Bitcoin Trust (BTC)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%

Drawdowns

IBIT vs. GBTC - Drawdown Comparison

The maximum IBIT drawdown since its inception was -17.14%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for IBIT and GBTC. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%Jan 14Jan 21Jan 28Feb 04Feb 11Feb 18Feb 25Mar 03Mar 10Mar 17Mar 24Mar 31Apr 07Apr 14
-17.14%
-17.19%
IBIT
GBTC

Volatility

IBIT vs. GBTC - Volatility Comparison

iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 18.77% and 18.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%12.00%14.00%16.00%18.00%20.00%22.00%Feb 18Feb 25Mar 03Mar 10Mar 17Mar 24Mar 31Apr 07Apr 14
18.77%
18.63%
IBIT
GBTC