GBTC vs DFMC

Comparison between Grayscale Investments LLC (GBTC, ETF) and U.S. Micro Cap Portfolio ETF Class Shares (DFMC, ETF).

GBTC vs DFMC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBTC(ETF)	DFMC(ETF)
Net Assets	$8.10B	$8.10B
Expense Ratio	1.50%	0.41%
Max Drawdown	89.91%	4.29%
Sharpe Ratio	-1.24	3.72
5Y Beta	1.29	0.76
P/E Ratio	N/A	38.57
Forward P/E	N/A	14.33
5Y EPS CAGR	N/A	12.41%
P/S Ratio	N/A	1.24
P/B Ratio	N/A	2.11

Net Assets

GBTC

$8.10B

DFMC

$8.10B

Expense Ratio

GBTC

1.50%

Winner

DFMC

0.41%

Max Drawdown

GBTC

89.91%

Winner

DFMC

4.29%

Sharpe Ratio

GBTC

-1.24

Winner

DFMC

3.72

5Y Beta

GBTC

1.29

Winner

DFMC

0.76

P/E Ratio

GBTC

N/A

DFMC

38.57

Forward P/E

GBTC

N/A

DFMC

14.33

5Y EPS CAGR

GBTC

N/A

DFMC

12.41%

P/S Ratio

GBTC

N/A

DFMC

1.24

P/B Ratio

GBTC

N/A

DFMC

2.11

GBTC vs DFMC - Holdings Comparison

GBTC and DFMC have 0 common holdings. Overlap is 0.00%

GBTC's top 25 holdings weight is 12.55%. DFMC's top 25 holdings weight is 16.41%.

Rank	GBTC	DFMC
#1	GRAYSCALE BITCOIN MINI TRUST (BTC) (BTC) - 12.55%	DFA SHORT TERM INVESTMENT (n/a) - 7.25%
#2	N/A	SSC GOVERNMENT MM GVMXX (n/a) - 0.76%
#3	N/A	ARGAN INC (AGX) - 0.75%
#4	N/A	FUTURE ON E-MINI S&P 500 FUTURES (n/a) - 0.61%
#5	N/A	PLEXUS CORP (PLXS) - 0.57%
#6	N/A	POWELL INDUSTRIES INC (POWL) - 0.52%
#7	N/A	FIRST BANCORP (FBP) - 0.50%
#8	N/A	COVISTA INC (CVSA) - 0.38%
#9	N/A	ENOVA INTERNATIONAL INC (ENVA) - 0.36%
#10	N/A	AAR CORP (AIR) - 0.35%
#11	N/A	ENPRO INC (NPO) - 0.35%
#12	N/A	UNITED STATES LIME & MINERALS INC (USLM) - 0.33%
#13	N/A	MATSON INC (MATX) - 0.32%
#14	N/A	MYR GROUP INC (MYRG) - 0.32%
#15	N/A	MAXLINEAR INC (MXL) - 0.32%
#16	N/A	LAUREATE EDUCATION INC SHS (LAUR) - 0.30%
#17	N/A	EVERUS CONSTRUCTION GROUP INC (ECG) - 0.28%
#18	N/A	CENTURY ALUMINUM CO (CENX) - 0.28%
#19	N/A	BENCHMARK ELECTRONICS INC (BHE) - 0.27%
#20	N/A	GRANITE CONSTRUCTION INC (GVA) - 0.27%
#21	N/A	MATERION CORP (MTRN) - 0.27%
#22	N/A	ARCHROCK INC (AROC) - 0.27%
#23	N/A	TTM TECHNOLOGIES INC (TTMI) - 0.27%
#24	N/A	VICTORY CAPITAL HOLDINGS INC CLASS A (VCTR) - 0.26%
#25	N/A	BANCFIRST CORP (BANF) - 0.25%
Total Holdings	1	1659

GBTC vs DFMC - Historical Returns

Returns include dividend reinvestment.

Period	GBTC	DFMC
1 month	-2.22%	+4.11%
3 months	-15.11%	+12.07%
6 months	-33.25%	N/A
1 year	-46.99%	N/A
5 years(CAGR)	+13.70%	N/A
10 years(CAGR)	+45.40%	N/A
Max(CAGR)	+53.41%	+81.18%

GBTC

-2.22%

Winner

DFMC

+4.11%

GBTC

-15.11%

Winner

DFMC

+12.07%

GBTC

-33.25%

DFMC

N/A

GBTC

-46.99%

DFMC

N/A

5Y(CAGR)

GBTC

+13.70%

DFMC

N/A

10Y(CAGR)

GBTC

+45.40%

DFMC

N/A

Max(CAGR)

GBTC

+53.41%

Winner

DFMC

+81.18%

GBTC vs DFMC - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	GBTC	DFMC
2026	-29.03%	+20.58%
2025	-11.46%	N/A
2024	+100.87%	N/A
2023	+322.20%	N/A
2022	-75.81%	N/A
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 DFMC Drawdown Comparison

The maximum drawdown for GBTC was -89.91%, occurring on Dec 14, 2018. Recovery took 766 trading sessions.

The maximum drawdown for DFMC was -4.29%, occurring on May 19, 2026. Recovery took 13 trading sessions.

The current GBTC drawdown is -49.43%. The current DFMC drawdown is -0.62%.

Rank	GBTC	DFMC
#1	-89.91% Dec 18, 2017 - Jan 5, 2021	-4.29% May 6, 2026 - May 26, 2026
#2	-86.24% Feb 19, 2021 - Mar 4, 2024	-3.01% Mar 25, 2026 - Apr 1, 2026
#3	-57.96% May 5, 2015 - Dec 8, 2015	-2.80% Jun 30, 2026 - Jul 8, 2026
#4	-53.75% Oct 6, 2025 - Jun 30, 2026	-1.59% Jun 4, 2026 - Jun 11, 2026
#5	-48.42% Aug 31, 2017 - Nov 3, 2017	-1.54% Apr 27, 2026 - Apr 30, 2026
#6	-41.48% Jun 17, 2016 - Jan 3, 2017	-1.48% Jun 12, 2026 - Jun 18, 2026
#7	-36.93% Dec 15, 2015 - Apr 21, 2016	-1.12% Jun 2, 2026 - Jun 4, 2026
#8	-36.68% Jun 6, 2017 - Aug 10, 2017	-1.00% May 1, 2026 - May 5, 2026
#9	-35.04% Mar 13, 2024 - Nov 11, 2024	-0.81% Apr 20, 2026 - Apr 27, 2026
#10	-30.26% Jan 7, 2021 - Feb 8, 2021	-0.79% Apr 9, 2026 - Apr 13, 2026
#11	-28.76% Jan 4, 2017 - May 1, 2017	-0.61% May 28, 2026 - Jun 2, 2026
#12	-28.45% Dec 17, 2024 - May 21, 2025	-0.15% Apr 14, 2026 - Apr 16, 2026
#13	-19.31% May 9, 2017 - May 22, 2017	-0.02% May 26, 2026 - May 28, 2026
#14	-18.18% May 9, 2016 - May 31, 2016	N/A
#15	-15.79% Nov 3, 2017 - Nov 20, 2017	N/A

Correlation

Correlation between GBTC and DFMC is -0.53 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.53

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