XBTF vs. GBTC
Compare and contrast key facts about VanEck Bitcoin Strategy ETF (XBTF) and Grayscale Bitcoin Trust (BTC) (GBTC).
XBTF is an actively managed fund by VanEck. It was launched on Nov 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBTF or GBTC.
Key characteristics
| XBTF | GBTC |
|---|
Correlation
The correlation between XBTF and GBTC is 0.85, 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.
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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.
Dividends
XBTF vs. GBTC - Dividend Comparison
Neither XBTF nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.26% |
Drawdowns
XBTF vs. GBTC - Drawdown Comparison
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 15.82%. 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.