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.
Performance
LEGR vs. GBTC - Performance Comparison
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LEGR vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | -1.93% | 30.83% | 16.25% | 22.79% | -19.01% | 17.91% | 18.73% | 27.99% | -14.11% |
GBTC Grayscale Bitcoin Trust (BTC) | -22.40% | -7.65% | 113.81% | 317.61% | -75.80% | 7.03% | 290.72% | 106.56% | -78.59% |
Returns By Period
In the year-to-date period, LEGR achieves a -1.93% return, which is significantly higher than GBTC's -22.40% return.
LEGR
- 1D
- 0.76%
- 1M
- -3.79%
- YTD
- -1.93%
- 6M
- 3.31%
- 1Y
- 21.64%
- 3Y*
- 18.76%
- 5Y*
- 10.05%
- 10Y*
- —
GBTC
- 1D
- 0.55%
- 1M
- -1.56%
- YTD
- -22.40%
- 6M
- -42.46%
- 1Y
- -21.01%
- 3Y*
- 48.01%
- 5Y*
- 0.84%
- 10Y*
- 58.56%
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Return for Risk
LEGR vs. GBTC — Risk / Return Rank
LEGR
GBTC
LEGR vs. GBTC - Risk-Adjusted Trends 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.
| LEGR | GBTC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | -0.47 | +1.78 |
Sortino ratioReturn per unit of downside risk | 1.82 | -0.41 | +2.23 |
Omega ratioGain probability vs. loss probability | 1.26 | 0.95 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.38 | +2.11 |
Martin ratioReturn relative to average drawdown | 7.00 | -0.80 | +7.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LEGR | GBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | -0.47 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.01 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.67 | -0.15 |
Correlation
The correlation between LEGR and GBTC is 0.32, 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.
Dividends
LEGR vs. GBTC - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 1.91%, while GBTC has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 1.91% | 1.84% | 2.40% | 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% | 0.00% | 0.00% | 5.61% |
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.
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Drawdown Indicators
| LEGR | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -89.91% | +53.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -49.55% | +36.97% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -85.80% | +54.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.91% | — |
Current DrawdownCurrent decline from peak | -6.92% | -46.10% | +39.18% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -43.48% | +36.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 23.39% | -20.28% |
Volatility
LEGR vs. GBTC - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 6.14%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 12.99%. 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.
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Volatility by Period
| LEGR | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 12.99% | -6.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 36.80% | -26.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 45.30% | -28.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 64.19% | -47.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 82.56% | -62.17% |