QBTC.TO vs. GBTC
Compare and contrast key facts about The Bitcoin Fund (QBTC.TO) and Grayscale Bitcoin Trust (BTC) (GBTC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QBTC.TO or GBTC.
Key characteristics
| QBTC.TO | GBTC | |
|---|---|---|
| YTD Return | 57.08% | 72.53% |
| 1Y Return | 132.20% | 314.22% |
| 3Y Return (Ann) | 15.71% | 20.25% |
| Sharpe Ratio | 2.62 | 5.04 |
| Daily Std Dev | 48.15% | 59.03% |
| Max Drawdown | -78.06% | -89.91% |
| Current Drawdown | -7.68% | -8.92% |
Fundamentals
| QBTC.TO | GBTC | |
|---|---|---|
| Market Cap | CA$245.53M | $2.72B |
| EPS | -CA$29.86 | -$0.30 |
| Revenue (TTM) | CA$0.00 | $2.29B |
| Gross Profit (TTM) | CA$0.00 | $1.02B |
Correlation
The correlation between QBTC.TO and GBTC is 0.85, 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
QBTC.TO vs. GBTC - Performance Comparison
In the year-to-date period, QBTC.TO achieves a 57.08% return, which is significantly lower than GBTC's 72.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
QBTC.TO vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bitcoin Fund (QBTC.TO) 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
QBTC.TO vs. GBTC - Dividend Comparison
Neither QBTC.TO nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
QBTC.TO The Bitcoin Fund | 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
QBTC.TO vs. GBTC - Drawdown Comparison
The maximum QBTC.TO drawdown since its inception was -78.06%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for QBTC.TO and GBTC. For additional features, visit the drawdowns tool.
Volatility
QBTC.TO vs. GBTC - Volatility Comparison
The current volatility for The Bitcoin Fund (QBTC.TO) is 13.90%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 15.35%. This indicates that QBTC.TO 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.
Financials
QBTC.TO vs. GBTC - Financials Comparison
This section allows you to compare key financial metrics between The Bitcoin Fund and Grayscale Bitcoin Trust (BTC). You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities