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XBTF vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


XBTFGBTC

Correlation

-0.50.00.51.00.8

The correlation between XBTF and GBTC is 0.76, 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

XBTF vs. GBTC - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember0
26.37%
XBTF
GBTC

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Risk-Adjusted Performance

XBTF vs. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Strategy ETF (XBTF) 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.


XBTF
Sharpe ratio
The chart of Sharpe ratio for XBTF, currently valued at 0.54, compared to the broader market-2.000.002.004.006.000.54
Sortino ratio
The chart of Sortino ratio for XBTF, currently valued at 0.95, compared to the broader market0.005.0010.000.95
Omega ratio
The chart of Omega ratio for XBTF, currently valued at 1.23, compared to the broader market1.001.502.002.503.001.23
Calmar ratio
The chart of Calmar ratio for XBTF, currently valued at 0.23, compared to the broader market0.005.0010.0015.000.23
Martin ratio
The chart of Martin ratio for XBTF, currently valued at 1.59, compared to the broader market0.0020.0040.0060.0080.00100.001.59
GBTC
Sharpe ratio
The chart of Sharpe ratio for GBTC, currently valued at 2.32, compared to the broader market-2.000.002.004.006.002.32
Sortino ratio
The chart of Sortino ratio for GBTC, currently valued at 2.80, compared to the broader market0.005.0010.002.80
Omega ratio
The chart of Omega ratio for GBTC, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for GBTC, currently valued at 2.97, compared to the broader market0.005.0010.0015.002.97
Martin ratio
The chart of Martin ratio for GBTC, currently valued at 8.92, compared to the broader market0.0020.0040.0060.0080.00100.008.92

XBTF vs. GBTC - Sharpe Ratio Comparison


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.00JuneJulyAugustSeptemberOctoberNovember
0.54
2.32
XBTF
GBTC

Dividends

XBTF vs. GBTC - Dividend Comparison

Neither XBTF nor GBTC has paid dividends to shareholders.


TTM2023202220212020201920182017
XBTF
VanEck Bitcoin Strategy ETF
101.35%0.18%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%0.23%

Drawdowns

XBTF vs. GBTC - Drawdown Comparison


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-38.45%
0
XBTF
GBTC

Volatility

XBTF vs. GBTC - Volatility Comparison

The current volatility for VanEck Bitcoin Strategy ETF (XBTF) is 0.00%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 17.94%. This indicates that XBTF 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.


0.00%5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember0
17.94%
XBTF
GBTC