NEE vs. GBTC

Last updated Jun 13, 2026

NEE (NextEra Energy, 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, NEE returned 13.51%/yr vs 46.47%/yr for GBTC. At a 0.08 correlation, their price movements are largely independent.

Performance

NEE vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NextEra Energy, Inc. (NEE) 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, NEE achieves a 8.63% return, which is significantly higher than GBTC's -27.82% return. Over the past 10 years, NEE has underperformed GBTC with an annualized return of 13.51%, while GBTC has yielded a comparatively higher 46.47% annualized return.

NEE

• 1D: 1.36%
• 1M: -9.47%
• YTD: 8.63%
• 6M: 6.81%
• 1Y: 18.32%
• 3Y*: 8.11%
• 5Y*: 5.94%
• 10Y*: 13.51%

GBTC

• 1D: 0.04%
• 1M: -22.02%
• YTD: -27.82%
• 6M: -30.09%
• 1Y: -40.43%
• 3Y*: 55.55%
• 5Y*: 9.90%
• 10Y*: 46.47%

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

NEE vs. GBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEE NextEra Energy, Inc.	8.63%	15.47%	21.46%	-25.30%	-8.54%	23.39%	30.06%	42.69%	14.30%	34.39%
GBTC Grayscale Bitcoin Trust ETF	-27.82%	-7.65%	113.81%	317.61%	-75.80%	7.03%	290.72%	106.56%	-82.10%	1,787.72%

Correlation

The correlation between NEE and GBTC is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 4, 2015	0.08

Fundamentals

Total Revenue (TTM) NEE : $27.93B GBTC : $0.00
Gross Profit (TTM) NEE : $13.35B GBTC : $0.00
EBITDA (TTM) NEE : $14.56B GBTC : $4.58B

Return for Risk

NEE vs. GBTC — Risk / Return Rank

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

NEE

NEE Risk / Return Rank: 68
NEE Sharpe Ratio Rank: 70
NEE Sortino Ratio Rank: 63
NEE Omega Ratio Rank: 63
NEE Calmar Ratio Rank: 69
NEE Martin Ratio Rank: 73

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: 3
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.

NEE vs. GBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) 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.

	NEE	GBTC	Difference
Sharpe ratio: Return per unit of total volatility	0.84	-0.94	+1.78
Sortino ratio: Return per unit of downside risk	1.29	-1.34	+2.64
Omega ratio: Gain probability vs. loss probability	1.17	0.85	+0.32
Calmar ratio: Return relative to maximum drawdown	1.37	-0.79	+2.16
Martin ratio: Return relative to average drawdown	3.78	-1.39	+5.17

NEE vs. GBTC - Sharpe Ratio Comparison

The current NEE Sharpe Ratio is 0.84, which is higher than the GBTC Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of NEE 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

NEE vs. GBTC - Drawdown Comparison

The maximum NEE drawdown since its inception was -47.81%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for NEE and GBTC.

Drawdown Indicators

	NEE	GBTC	Difference
Max Drawdown Largest peak-to-trough decline	-47.81%	-89.91%	+42.10%
Max Drawdown (1Y) Largest decline over 1 year	-14.53%	-52.45%	+37.92%
Max Drawdown (3Y) Largest decline over 3 years	-34.57%	-52.45%	+17.88%
Max Drawdown (5Y) Largest decline over 5 years	-44.97%	-85.42%	+40.45%
Max Drawdown (10Y) Largest decline over 10 years	-44.97%	-89.91%	+44.94%
Current Drawdown Current decline from peak	-11.50%	-49.87%	+38.37%
Average Drawdown Average peak-to-trough decline	-8.93%	-43.43%	+34.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.25%	29.85%	-24.60%

Volatility

NEE vs. GBTC - Volatility Comparison

The current volatility for NextEra Energy, Inc. (NEE) is 8.52%, while Grayscale Bitcoin Trust ETF (GBTC) has a volatility of 11.97%. This indicates that NEE 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.

Volatility by Period

	NEE	GBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	11.97%	-3.45%
Volatility (6M) Calculated over the trailing 6-month period	16.75%	34.41%	-17.66%
Volatility (1Y) Calculated over the trailing 1-year period	23.78%	44.01%	-20.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.91%	62.25%	-35.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.49%	81.84%	-56.35%

Dividends

NEE vs. GBTC - Dividend Comparison

NEE's dividend yield for the trailing twelve months is around 2.77%, while GBTC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
NEE NextEra Energy, Inc.	2.77%	2.82%	2.87%	3.08%	2.03%	1.65%	1.81%	2.06%	2.55%	2.52%	2.91%	2.96%

Frequently Asked Questions

Can I hold both NEE and GBTC in my portfolio?

NEE and GBTC have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEE or GBTC?

GBTC has higher volatility (11.97%) compared to NEE (8.52%). In terms of maximum drawdown, NEE dropped -47.81% vs GBTC's -89.91%.

Which has better risk-adjusted returns?

NEE currently has the higher Sharpe Ratio (0.84 vs -0.94), 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.