PTIR vs. GBTC
PTIR (GraniteShares 2x Long PLTR Daily ETF) and GBTC (Grayscale Bitcoin Trust ETF) are both exchange-traded funds - PTIR is a Leveraged Equities fund tracking the Palantir Technologies Inc. (200%), while GBTC is a Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Both are passively managed. Over the past year, PTIR returned -58.75% vs -46.91% for GBTC. Their 0.33 correlation means their historical movements had little consistent relationship. PTIR charges 1.04%/yr vs 1.50%/yr for GBTC.
Performance
PTIR vs. GBTC - Performance Comparison
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Returns By Period
In the year-to-date period, PTIR achieves a -62.18% return, which is significantly lower than GBTC's -28.72% return.
PTIR
- 1D
- 1.20%
- 1M
- -6.82%
- 6M
- -43.20%
- YTD
- -62.18%
- 1Y
- -58.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 164.95%
GBTC
- 1D
- -2.85%
- 1M
- 4.80%
- 6M
- -25.46%
- YTD
- -28.72%
- 1Y
- -46.91%
- 3Y*
- 36.79%
- 5Y*
- 7.01%
- 10Y*
- 50.99%
- ALL TIME*
- 54.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.53M | $74.63M | $101.29M | |
| $34.43M | $50.90M | $65.92M |
PTIR vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PTIR GraniteShares 2x Long PLTR Daily ETF | -62.18% | 221.36% | 425.36% |
GBTC Grayscale Bitcoin Trust ETF | -28.72% | -7.65% | 60.22% |
Correlation
The correlation between PTIR and GBTC is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.33 |
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Return for Risk
PTIR vs. GBTC — Risk / Return Rank
PTIR
GBTC
PTIR vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.
| PTIR | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.82 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.88 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.34 | +0.13 |
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Drawdowns
PTIR vs. GBTC - Drawdown Comparison
The maximum PTIR drawdown since its inception was -79.40%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for PTIR and GBTC.
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Drawdown Indicators
| PTIR | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.40% | -89.91% | +10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -79.40% | -53.75% | -25.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.91% | — |
Current DrawdownCurrent decline from peak | -73.93% | -50.49% | -23.44% |
Average DrawdownAverage peak-to-trough decline | -31.05% | -43.51% | +12.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.56% | 34.92% | +13.64% |
Volatility
PTIR vs. GBTC - Volatility Comparison
GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 27.36% compared to Grayscale Bitcoin Trust ETF (GBTC) at 9.06%. This indicates that PTIR'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.
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Volatility by Period
| PTIR | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.36% | 9.06% | +18.30% |
Volatility (6M)Calculated over the trailing 6-month period | 81.50% | 33.68% | +47.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.45% | 44.36% | +60.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.66% | 60.60% | +67.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.66% | 81.27% | +46.39% |
PTIR vs. GBTC - Expense Ratio Comparison
PTIR has a 1.04% expense ratio, which is lower than GBTC's 1.50% expense ratio.
Dividends
PTIR vs. GBTC - Dividend Comparison
PTIR's dividend yield for the trailing twelve months is around 15.36%, while GBTC has not 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% |
PTIR GraniteShares 2x Long PLTR Daily ETF | 15.36% | 5.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTIR and GBTC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTIR has higher volatility (27.36%) compared to GBTC (9.06%). In terms of maximum drawdown, PTIR dropped -79.40% vs GBTC's -89.91%.
On 1-year performance, GBTC leads with -46.91% vs -58.75% for PTIR. On fees, PTIR is cheaper at 1.04% per year. On volatility, GBTC has been the lower-risk option at 9.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GBTC has performed better with a -46.91% return vs -58.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PTIR is cheaper with a 1.04% expense ratio, compared with 1.50% for GBTC.
PTIR has the higher dividend yield at 15.36%, compared with 0.00% for GBTC.
PTIR is categorized as Leveraged Equities, while GBTC is Cryptocurrency. PTIR tracks Palantir Technologies Inc. (200%), while GBTC tracks CoinDesk Bitcoin Benchmark Rate Index. They also come from different issuers: GraniteShares and Grayscale. Their fees differ too: 1.04% for PTIR and 1.50% for GBTC.
PTIR currently has the higher Sharpe Ratio (-0.56 vs -1.06), 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.
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