GBTC vs ESGD

Comparison between Grayscale Investments LLC (GBTC, ETF) and ISHARES ESG AWARE MSCI EAFE ETF (ESGD, ETF).

5-Year PerformanceESGD has outperformed GBTC, delivering a return of +8.2% compared to +5.9%

GBTC vs ESGD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBTC(ETF)	ESGD(ETF)
Net Assets	$11B	$11B
Expense Ratio	1.50%	0.20%
Max Drawdown	89.91%	36.32%
Sharpe Ratio	-0.32	1.27
5Y Beta	1.29	0.74
5Y Dividends CAGR	N/A	19.87%

Net Assets

GBTC

$11B

Winner

ESGD

$11B

Expense Ratio

GBTC

1.50%

Winner

ESGD

0.20%

Max Drawdown

GBTC

89.91%

Winner

ESGD

36.32%

Sharpe Ratio

GBTC

-0.32

Winner

ESGD

1.27

5Y Beta

GBTC

1.29

Winner

ESGD

0.74

5Y Dividends CAGR

GBTC

N/A

ESGD

19.87%

GBTC vs ESGD - Holdings Comparison

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

GBTC's top 25 holdings weight is 12.55%. ESGD's top 25 holdings weight is 25.02%.

Rank	GBTC	ESGD
#1	GRAYSCALE BITCOIN MINI TRUST (BTC) (BTC) - 12.55%	ASML HOLDING NV (n/a) - 2.85%
#2	N/A	NOVARTIS AG REGISTERED SHARES (n/a) - 1.61%
#3	N/A	HSBC HOLDINGS PLC (n/a) - 1.35%
#4	N/A	ASTRAZENECA PLC (AZN:XLON) - 1.20%
#5	N/A	ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.19%
#6	N/A	SIEMENS AG (n/a) - 1.14%
#7	N/A	NESTLE SA (n/a) - 1.11%
#8	N/A	SCHNEIDER ELECTRIC SE (n/a) - 1.04%
#9	N/A	ABB LTD (n/a) - 1.01%
#10	N/A	SAP SE (n/a) - 1.01%
#11	N/A	COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.98%
#12	N/A	SHELL PLC (n/a) - 0.93%
#13	N/A	IBERDROLA SA (n/a) - 0.86%
#14	N/A	BHP GROUP LTD (n/a) - 0.84%
#15	N/A	MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.80%
#16	N/A	SUMITOMO MITSUI FINANCIAL GROUP INC (n/a) - 0.79%
#17	N/A	HITACHI LTD (n/a) - 0.78%
#18	N/A	SONY GROUP CORP (n/a) - 0.78%
#19	N/A	TOYOTA MOTOR CORP (n/a) - 0.75%
#20	N/A	ALLIANZ SE (n/a) - 0.70%
#21	N/A	AXA SA (n/a) - 0.68%
#22	N/A	TOKYO ELECTRON LTD (n/a) - 0.68%
#23	N/A	TOTALENERGIES SE (TTE) - 0.67%
#24	N/A	ZURICH INSURANCE GROUP AG (n/a) - 0.65%
#25	N/A	SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 0.62%
Total Holdings	1	394

GBTC vs ESGD - Historical Returns

Returns include dividend reinvestment.

Period	GBTC	ESGD
1 month	+12.23%	+1.76%
3 months	+12.90%	-0.37%
6 months	-23.36%	+11.44%
1 year	-22.09%	+24.66%
5 years(CAGR)	+5.85%	+8.21%
10 years(CAGR)	+55.73%	+9.71%
Max(CAGR)	+57.73%	+9.71%

Winner

GBTC

+12.23%

ESGD

+1.76%

Winner

GBTC

+12.90%

ESGD

-0.37%

GBTC

-23.36%

Winner

ESGD

+11.44%

GBTC

-22.09%

Winner

ESGD

+24.66%

5Y(CAGR)

GBTC

+5.85%

Winner

ESGD

+8.21%

10Y(CAGR)

Winner

GBTC

+55.73%

ESGD

+9.71%

Max(CAGR)

Winner

GBTC

+57.73%

ESGD

+9.71%

GBTC vs ESGD - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	GBTC	ESGD
2026	-11.16%	+6.76%
2025	-11.46%	+30.15%
2024	+100.87%	+5.27%
2023	+322.20%	+17.62%
2022	-75.81%	-15.64%
2021	-2.37%	+11.04%
2020	+301.00%	+7.27%
2019	+77.27%	+24.28%
2018	-84.05%	-13.80%
2017	+1558.98%	+24.81%
2016	+90.08%	+5.46%
2015	+50.01%	N/A

GBTC vs ESGD Drawdown Comparison

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

The maximum drawdown for ESGD was -33.70%, occurring on Mar 23, 2020. Recovery took 207 trading sessions.

The current GBTC drawdown is -36.70%. The current ESGD drawdown is -1.73%.

Rank	GBTC	ESGD
#1	-89.91% Dec 18, 2017 - Jan 5, 2021	-33.70% Jan 17, 2020 - Nov 11, 2020
#2	-86.24% Feb 19, 2021 - Mar 4, 2024	-29.99% Sep 7, 2021 - Feb 22, 2024
#3	-57.96% May 5, 2015 - Dec 8, 2015	-21.96% Jan 26, 2018 - Dec 27, 2019
#4	-49.55% Oct 6, 2025 - Feb 5, 2026	-13.86% Mar 19, 2025 - Apr 29, 2025
#5	-48.42% Aug 31, 2017 - Nov 3, 2017	-11.68% Feb 25, 2026 - Mar 27, 2026
#6	-41.48% Jun 17, 2016 - Jan 3, 2017	-10.13% Sep 26, 2024 - Mar 5, 2025
#7	-36.93% Dec 15, 2015 - Apr 21, 2016	-7.72% Jul 12, 2024 - Aug 21, 2024
#8	-36.68% Jun 6, 2017 - Aug 10, 2017	-5.79% Nov 12, 2025 - Dec 11, 2025
#9	-35.04% Mar 13, 2024 - Nov 11, 2024	-5.66% Sep 28, 2016 - Jan 5, 2017
#10	-30.26% Jan 7, 2021 - Feb 8, 2021	-5.42% Jun 15, 2021 - Aug 13, 2021
#11	-28.76% Jan 4, 2017 - May 1, 2017	-4.94% Mar 27, 2024 - May 9, 2024
#12	-28.45% Dec 17, 2024 - May 21, 2025	-4.61% Jul 23, 2025 - Aug 15, 2025
#13	-19.31% May 9, 2017 - May 22, 2017	-4.54% Jan 8, 2021 - Feb 11, 2021
#14	-18.18% May 9, 2016 - May 31, 2016	-3.74% Aug 30, 2024 - Sep 19, 2024
#15	-15.79% Nov 3, 2017 - Nov 20, 2017	-3.70% Feb 16, 2021 - Apr 5, 2021