GBTC vs JBND
Comparison between Grayscale Investments LLC (GBTC, ETF) and JPMORGAN ACTIVE BOND ETF (JBND, ETF).
GBTC vs JBND - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GBTC
$8.40B
Winner
JBND
$8.50B
Expense Ratio
GBTC
1.50%
Winner
JBND
0.25%
Max Drawdown
GBTC
89.91%
Winner
JBND
5.89%
Sharpe Ratio
GBTC
-0.77
Winner
JBND
-0.29
5Y Beta
GBTC
1.18
Winner
JBND
0.03
GBTC vs JBND - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GBTC
+15.81%
JBND
-0.07%
3M
GBTC
-1.06%
Winner
JBND
+0.25%
6M
Winner
GBTC
+12.91%
JBND
-1.54%
1Y
GBTC
-32.32%
Winner
JBND
+2.88%
5Y(CAGR)
GBTC
+8.54%
JBND
N/A
10Y(CAGR)
GBTC
+51.58%
JBND
N/A
Max(CAGR)
Winner
GBTC
+55.30%
JBND
+6.63%
GBTC vs JBND - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | GBTC | JBND |
|---|---|---|
| 2026 | -14.98% | -0.00% |
| 2025 | -11.46% | +8.10% |
| 2024 | +100.87% | +3.61% |
| 2023 | +322.20% | +7.75% |
| 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 JBND Drawdown Comparison
The maximum drawdown for GBTC was -89.91%, occurring on Dec 14, 2018. Recovery took 766 trading sessions.
The maximum drawdown for JBND was -4.48%, occurring on Jan 13, 2025. Recovery took 137 trading sessions.
The current GBTC drawdown is -39.42%. The current JBND drawdown is -2.09%.
| Rank | GBTC | JBND |
|---|---|---|
| #1 | -89.91% Dec 18, 2017 - Jan 5, 2021 | -4.48% Sep 16, 2024 - Apr 3, 2025 |
| #2 | -86.24% Feb 19, 2021 - Mar 4, 2024 | -3.23% Feb 1, 2024 - Jun 13, 2024 |
| #3 | -57.96% May 5, 2015 - Dec 8, 2015 | -2.94% Feb 27, 2026 - May 19, 2026 |
| #4 | -53.75% Oct 6, 2025 - Jun 30, 2026 | -2.62% Apr 4, 2025 - Jun 26, 2025 |
| #5 | -48.42% Aug 31, 2017 - Nov 3, 2017 | -1.94% Oct 13, 2023 - Nov 2, 2023 |
| #6 | -41.48% Jun 17, 2016 - Jan 3, 2017 | -1.49% Dec 27, 2023 - Feb 1, 2024 |
| #7 | -36.93% Dec 15, 2015 - Apr 21, 2016 | -1.24% Jun 18, 2024 - Jul 5, 2024 |
| #8 | -36.68% Jun 6, 2017 - Aug 10, 2017 | -1.14% Jul 1, 2025 - Jul 29, 2025 |
| #9 | -35.04% Mar 13, 2024 - Nov 11, 2024 | -1.11% Oct 22, 2025 - Nov 25, 2025 |
| #10 | -30.26% Jan 7, 2021 - Feb 8, 2021 | -1.09% Aug 5, 2024 - Aug 20, 2024 |
| #11 | -28.76% Jan 4, 2017 - May 1, 2017 | -0.87% Nov 26, 2025 - Jan 14, 2026 |
| #12 | -28.45% Dec 17, 2024 - May 21, 2025 | -0.75% Jul 17, 2024 - Jul 30, 2024 |
| #13 | -19.31% May 9, 2017 - May 22, 2017 | -0.72% Sep 16, 2025 - Oct 10, 2025 |
| #14 | -18.18% May 9, 2016 - May 31, 2016 | -0.70% Jan 14, 2026 - Feb 5, 2026 |
| #15 | -15.79% Nov 3, 2017 - Nov 20, 2017 | -0.58% Nov 8, 2023 - Nov 14, 2023 |
Correlation
Correlation between GBTC and JBND is 0.44 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.44
-101
Dividend Comparison (2017 - 2026)
GBTC vs JBND dividend yield comparison.
| Year | GBTC | JBND |
|---|---|---|
| 2026 | 0.00% | 2.57% |
| 2025 | 0.00% | 4.42% |
| 2024 | 0.00% | 4.58% |
| 2023 | 0.00% | 1.00% |
| 2017 | 5.61% | 0.00% |
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