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

Correlation

The correlation between XBTF and GBTC is 0.75, 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.


-0.50.00.51.00.7

Performance

XBTF vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Bitcoin Strategy ETF (XBTF) and Grayscale Bitcoin Trust (BTC) (GBTC). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JulyAugustSeptemberOctoberNovemberDecember0
45.35%
XBTF
GBTC

Key characteristics

Returns By Period


XBTF

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

GBTC

YTD

120.88%

1M

1.97%

6M

34.06%

1Y

110.69%

5Y*

53.93%

10Y*

N/A

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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.


Sharpe ratio
The chart of Sharpe ratio for XBTF, currently valued at -0.10, compared to the broader market0.002.004.00-0.101.96
The chart of Sortino ratio for XBTF, currently valued at -0.05, compared to the broader market-2.000.002.004.006.008.0010.00-0.052.52
The chart of Omega ratio for XBTF, currently valued at 0.98, compared to the broader market0.501.001.502.002.503.000.981.30
The chart of Calmar ratio for XBTF, currently valued at -0.03, compared to the broader market0.005.0010.0015.00-0.033.24
The chart of Martin ratio for XBTF, currently valued at -0.17, compared to the broader market0.0020.0040.0060.0080.00100.00-0.177.33
XBTF
GBTC


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.10
1.96
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%JulyAugustSeptemberOctoberNovemberDecember
-38.45%
-9.73%
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 16.18%. 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%JulyAugustSeptemberOctoberNovemberDecember0
16.18%
XBTF
GBTC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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