WTV vs. GBTC
WTV (WisdomTree US Value ETF) and GBTC (Grayscale Bitcoin Trust ETF) are both exchange-traded funds - WTV is a Large Cap Value Equities fund tracking the WisdomTree U.S. LargeCap Value Index, while GBTC is a Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Both are passively managed. Over the past 5 years, WTV returned 13.33%/yr vs 9.90%/yr for GBTC. At a 0.24 correlation, their price movements are largely independent. WTV charges 0.12%/yr vs 1.50%/yr for GBTC.
Performance
WTV vs. GBTC - Performance Comparison
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Returns By Period
In the year-to-date period, WTV achieves a 11.65% return, which is significantly higher than GBTC's -27.82% return.
WTV
- 1D
- 0.82%
- 1M
- 4.49%
- YTD
- 11.65%
- 6M
- 10.71%
- 1Y
- 24.63%
- 3Y*
- 21.39%
- 5Y*
- 13.33%
- 10Y*
- —
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%
WTV vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTV WisdomTree US Value ETF | 11.65% | 13.51% | 23.99% | 22.35% | -8.06% | 30.59% | 6.15% | 29.69% | -8.29% | 1.58% |
GBTC Grayscale Bitcoin Trust ETF | -27.82% | -7.65% | 113.81% | 317.61% | -75.80% | 7.03% | 290.72% | 106.56% | -82.10% | -15.12% |
Correlation
The correlation between WTV and GBTC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.24 |
The correlation between WTV and GBTC shifts across timeframes, from 0.24 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WTV vs. GBTC — Risk / Return Rank
WTV
GBTC
WTV vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Value ETF (WTV) 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.
| WTV | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +4.37 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.85 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.79 | +4.25 |
| Martin ratioReturn relative to average drawdown | 11.26 | -1.39 | +12.65 |
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Drawdowns
WTV vs. GBTC - Drawdown Comparison
The maximum WTV drawdown since its inception was -42.18%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for WTV and GBTC.
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Drawdown Indicators
| WTV | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.18% | -89.91% | +47.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -52.45% | +45.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -52.45% | +33.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -85.42% | +66.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.91% | — |
Current DrawdownCurrent decline from peak | 0.00% | -49.87% | +49.87% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -43.43% | +38.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 29.85% | -27.66% |
Volatility
WTV vs. GBTC - Volatility Comparison
The current volatility for WisdomTree US Value ETF (WTV) is 3.48%, while Grayscale Bitcoin Trust ETF (GBTC) has a volatility of 11.97%. This indicates that WTV 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
| WTV | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 11.97% | -8.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 34.41% | -26.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.92% | 44.01% | -32.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 62.25% | -45.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 81.84% | -61.66% |
WTV vs. GBTC - Expense Ratio Comparison
WTV has a 0.12% expense ratio, which is lower than GBTC's 1.50% expense ratio.
Dividends
WTV vs. GBTC - Dividend Comparison
WTV's dividend yield for the trailing twelve months is around 1.63%, 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% |
WTV WisdomTree US Value ETF | 1.63% | 1.59% | 1.54% | 1.62% | 2.08% | 1.55% | 1.63% | 1.44% | 1.94% | 0.41% |
Frequently Asked Questions
WTV and GBTC have a correlation of 0.29, 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 WTV (3.48%). In terms of maximum drawdown, WTV dropped -42.18% vs GBTC's -89.91%.
On 5-year performance, WTV leads with 13.33% vs 9.90% for GBTC. On fees, WTV is cheaper at 0.12% per year. On volatility, WTV has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WTV has performed better with a 13.33% return vs 9.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTV is cheaper with a 0.12% expense ratio, compared with 1.50% for GBTC.
WTV has the higher dividend yield at 1.63%, compared with 0.00% for GBTC.
WTV is categorized as Large Cap Value Equities, while GBTC is Cryptocurrency. WTV tracks WisdomTree U.S. LargeCap Value Index, while GBTC tracks CoinDesk Bitcoin Benchmark Rate Index. They also come from different issuers: WisdomTree and Grayscale. Their fees differ too: 0.12% for WTV and 1.50% for GBTC.
WTV currently has the higher Sharpe Ratio (2.08 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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