SOL-USD vs. GBTC
Compare and contrast key facts about Solana (SOL-USD) and Grayscale Bitcoin Trust (BTC) (GBTC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOL-USD or GBTC.
Key characteristics
| SOL-USD | GBTC | |
|---|---|---|
| YTD Return | 25.08% | 51.68% |
| 1Y Return | 477.45% | 244.33% |
| 3Y Return (Ann) | 36.53% | 3.89% |
| Sharpe Ratio | 13.38 | 3.67 |
| Daily Std Dev | 75.54% | 59.86% |
| Max Drawdown | -96.27% | -89.91% |
| Current Drawdown | -50.97% | -19.93% |
Correlation
The correlation between SOL-USD and GBTC is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SOL-USD vs. GBTC - Performance Comparison
In the year-to-date period, SOL-USD achieves a 25.08% return, which is significantly lower than GBTC's 51.68% 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
SOL-USD vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) 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.
Drawdowns
SOL-USD vs. GBTC - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for SOL-USD and GBTC. For additional features, visit the drawdowns tool.
Volatility
SOL-USD vs. GBTC - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 26.62% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 16.52%. This indicates that SOL-USD'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.