VT vs. GBTC
VT (Vanguard Total World Stock ETF) and GBTC (Grayscale Bitcoin Trust ETF) are both exchange-traded funds - VT is a Global Equities fund tracking the FTSE Global All Cap Index, while GBTC is a Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Both are passively managed. Over the past 10 years, VT returned 12.93%/yr vs 46.47%/yr for GBTC. At a 0.26 correlation, their price movements are largely independent. VT charges 0.06%/yr vs 1.50%/yr for GBTC.
Performance
VT vs. GBTC - Performance Comparison
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Returns By Period
In the year-to-date period, VT achieves a 11.06% return, which is significantly higher than GBTC's -27.82% return. Over the past 10 years, VT has underperformed GBTC with an annualized return of 12.93%, while GBTC has yielded a comparatively higher 46.47% annualized return.
VT
- 1D
- 0.44%
- 1M
- 0.57%
- YTD
- 11.06%
- 6M
- 11.82%
- 1Y
- 25.83%
- 3Y*
- 19.71%
- 5Y*
- 10.65%
- 10Y*
- 12.93%
GBTC
- 1D
- 0.04%
- 1M
- -20.21%
- YTD
- -27.82%
- 6M
- -30.09%
- 1Y
- -41.39%
- 3Y*
- 55.55%
- 5Y*
- 9.90%
- 10Y*
- 46.47%
VT vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VT Vanguard Total World Stock ETF | 11.06% | 22.43% | 16.49% | 22.02% | -18.00% | 18.27% | 16.59% | 26.81% | -9.76% | 24.50% |
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 VT and GBTC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 4, 2015 | 0.26 |
Over the past year, VT and GBTC have become more correlated (0.49) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
VT vs. GBTC — Risk / Return Rank
VT
GBTC
VT vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) 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.
| VT | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.88 | ||
| Sortino ratioReturn per unit of downside risk | +4.02 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.85 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.79 | +3.47 |
| Martin ratioReturn relative to average drawdown | 11.67 | -1.39 | +13.06 |
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Drawdowns
VT vs. GBTC - Drawdown Comparison
The maximum VT drawdown since its inception was -50.27%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for VT and GBTC.
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Drawdown Indicators
| VT | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -89.91% | +39.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -52.45% | +42.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -52.45% | +35.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.38% | -85.42% | +59.04% |
Max Drawdown (10Y)Largest decline over 10 years | -34.24% | -89.91% | +55.67% |
Current DrawdownCurrent decline from peak | -1.92% | -49.87% | +47.95% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -43.43% | +36.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 29.85% | -27.63% |
Volatility
VT vs. GBTC - Volatility Comparison
The current volatility for Vanguard Total World Stock ETF (VT) is 5.26%, while Grayscale Bitcoin Trust ETF (GBTC) has a volatility of 11.97%. This indicates that VT 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
| VT | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 11.97% | -6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 34.41% | -23.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 44.01% | -30.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 62.25% | -46.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 81.84% | -64.57% |
VT vs. GBTC - Expense Ratio Comparison
VT has a 0.06% expense ratio, which is lower than GBTC's 1.50% expense ratio.
Dividends
VT vs. GBTC - Dividend Comparison
VT's dividend yield for the trailing twelve months is around 1.61%, 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% |
VT Vanguard Total World Stock ETF | 1.61% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
Frequently Asked Questions
VT and GBTC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBTC has higher volatility (11.97%) compared to VT (5.26%). In terms of maximum drawdown, VT dropped -50.27% vs GBTC's -89.91%.
On 10-year performance, GBTC leads with 46.47% vs 12.93% for VT. On fees, VT is cheaper at 0.06% per year. On volatility, VT has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GBTC has performed better with a 46.47% return vs 12.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VT is cheaper with a 0.06% expense ratio, compared with 1.50% for GBTC.
VT has the higher dividend yield at 1.61%, compared with 0.00% for GBTC.
VT is categorized as Global Equities, while GBTC is Cryptocurrency. VT tracks FTSE Global All Cap Index, while GBTC tracks CoinDesk Bitcoin Benchmark Rate Index. They also come from different issuers: Vanguard and Grayscale. Their fees differ too: 0.06% for VT and 1.50% for GBTC.
VT currently has the higher Sharpe Ratio (1.94 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.
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