GBTC vs BOXX
Comparison between Grayscale Investments LLC (GBTC, ETF) and ALPHA ARCHITECT 1-3 MONTH BOX ETF (BOXX, ETF).
GBTC vs BOXX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GBTC
$11B
Winner
BOXX
$11B
Expense Ratio
GBTC
1.50%
Winner
BOXX
0.19%
Max Drawdown
GBTC
89.91%
Winner
BOXX
0.26%
Sharpe Ratio
GBTC
-0.32
Winner
BOXX
1.50
5Y Beta
GBTC
1.29
Winner
BOXX
0.00
GBTC vs BOXX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GBTC
+12.23%
BOXX
+0.33%
3M
Winner
GBTC
+12.90%
BOXX
+0.92%
6M
GBTC
-23.36%
Winner
BOXX
+2.06%
1Y
GBTC
-22.09%
Winner
BOXX
+4.15%
5Y(CAGR)
GBTC
+5.85%
BOXX
N/A
10Y(CAGR)
GBTC
+55.73%
BOXX
N/A
Max(CAGR)
Winner
GBTC
+57.73%
BOXX
+4.77%
GBTC vs BOXX - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | GBTC | BOXX |
|---|---|---|
| 2026 | -11.16% | +1.32% |
| 2025 | -11.46% | +4.32% |
| 2024 | +100.87% | +5.20% |
| 2023 | +322.20% | +5.03% |
| 2022 | -75.81% | +0.07% |
| 2021 | -2.37% | N/A |
| 2020 | +301.00% | N/A |
| 2019 | +77.27% | N/A |
| 2018 | -84.05% | N/A |
| 2017 | +1558.98% | N/A |
| 2016 | +90.08% | N/A |
| 2015 | +50.01% | N/A |
GBTC vs BOXX Drawdown Comparison
The maximum drawdown for GBTC was -89.91%, occurring on Dec 14, 2018. Recovery took 766 trading sessions.
The maximum drawdown for BOXX was -0.12%, occurring on Sep 22, 2023. Recovery took 2 trading sessions.
The current GBTC drawdown is -36.70%.
| Rank | GBTC | BOXX |
|---|---|---|
| #1 | -89.91% Dec 18, 2017 - Jan 5, 2021 | -0.12% Sep 21, 2023 - Sep 25, 2023 |
| #2 | -86.24% Feb 19, 2021 - Mar 4, 2024 | -0.11% Nov 29, 2024 - Dec 5, 2024 |
| #3 | -57.96% May 5, 2015 - Dec 8, 2015 | -0.07% Mar 31, 2026 - Apr 10, 2026 |
| #4 | -49.55% Oct 6, 2025 - Feb 5, 2026 | -0.04% Mar 7, 2023 - Mar 9, 2023 |
| #5 | -48.42% Aug 31, 2017 - Nov 3, 2017 | -0.04% Dec 29, 2023 - Jan 4, 2024 |
| #6 | -41.48% Jun 17, 2016 - Jan 3, 2017 | -0.04% Jan 30, 2024 - Feb 1, 2024 |
| #7 | -36.93% Dec 15, 2015 - Apr 21, 2016 | -0.04% Jun 25, 2024 - Jun 28, 2024 |
| #8 | -36.68% Jun 6, 2017 - Aug 10, 2017 | -0.04% Apr 4, 2025 - Apr 9, 2025 |
| #9 | -35.04% Mar 13, 2024 - Nov 11, 2024 | -0.03% May 18, 2023 - May 22, 2023 |
| #10 | -30.26% Jan 7, 2021 - Feb 8, 2021 | -0.03% Feb 6, 2024 - Feb 8, 2024 |
| #11 | -28.76% Jan 4, 2017 - May 1, 2017 | -0.03% Aug 4, 2023 - Aug 9, 2023 |
| #12 | -28.45% Dec 17, 2024 - May 21, 2025 | -0.03% Oct 6, 2023 - Oct 11, 2023 |
| #13 | -19.31% May 9, 2017 - May 22, 2017 | -0.03% Dec 1, 2023 - Dec 6, 2023 |
| #14 | -18.18% May 9, 2016 - May 31, 2016 | -0.03% Dec 12, 2023 - Dec 14, 2023 |
| #15 | -15.79% Nov 3, 2017 - Nov 20, 2017 | -0.03% Jan 4, 2024 - Jan 9, 2024 |
Correlation
Correlation between GBTC and BOXX is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2017 - 2024)
GBTC vs BOXX dividend yield comparison.
| Year | GBTC | BOXX |
|---|---|---|
| 2024 | 0.00% | 0.26% |
| 2017 | 5.61% | 0.00% |
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