LEGR vs. GBTC
Compare and contrast key facts about First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Grayscale Bitcoin Trust (BTC) (GBTC).
LEGR is a passively managed fund by First Trust that tracks the performance of the Indxx Blockchain Index. It was launched on Jan 24, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LEGR or GBTC.
Performance
LEGR vs. GBTC - Performance Comparison
Returns By Period
In the year-to-date period, LEGR achieves a 16.79% return, which is significantly lower than GBTC's 125.45% return.
LEGR
16.79%
-0.59%
8.98%
24.59%
11.24%
N/A
GBTC
125.45%
45.51%
30.74%
156.32%
53.29%
N/A
Key characteristics
| LEGR | GBTC | |
|---|---|---|
| Sharpe Ratio | 1.90 | 2.86 |
| Sortino Ratio | 2.62 | 3.15 |
| Omega Ratio | 1.32 | 1.38 |
| Calmar Ratio | 2.55 | 3.57 |
| Martin Ratio | 13.15 | 10.83 |
| Ulcer Index | 1.95% | 15.45% |
| Daily Std Dev | 13.48% | 58.57% |
| Max Drawdown | -36.12% | -89.91% |
| Current Drawdown | -1.80% | 0.00% |
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Correlation
The correlation between LEGR and GBTC is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
LEGR vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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.
Dividends
LEGR vs. GBTC - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 2.27%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 2.27% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
LEGR vs. GBTC - Drawdown Comparison
The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for LEGR and GBTC. For additional features, visit the drawdowns tool.
Volatility
LEGR vs. GBTC - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 3.72%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 17.88%. This indicates that LEGR experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.