GBTC vs JCPB

Comparison between Grayscale Investments LLC (GBTC, ETF) and JPMorgan Core Plus Bond ETF (JCPB, ETF).

5-Year PerformanceGBTC has outperformed JCPB, delivering a return of +8.4% compared to +1.2%

GBTC vs JCPB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBTC(ETF)	JCPB(ETF)
Net Assets	$12B	$11B
Expense Ratio	1.50%	0.38%
Max Drawdown	89.91%	22.96%
Sharpe Ratio	-0.47	0.59
5Y Beta	1.29	0.04
5Y Dividends CAGR	N/A	9.35%

Net Assets

Winner

GBTC

$12B

JCPB

$11B

Expense Ratio

GBTC

1.50%

Winner

JCPB

0.38%

Max Drawdown

GBTC

89.91%

Winner

JCPB

22.96%

Sharpe Ratio

GBTC

-0.47

Winner

JCPB

0.59

5Y Beta

GBTC

1.29

Winner

JCPB

0.04

5Y Dividends CAGR

GBTC

N/A

JCPB

9.35%

GBTC vs JCPB - Holdings Comparison

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

GBTC's top 25 holdings weight is 12.55%. JCPB's top 25 holdings weight is 40.80%.

Rank	GBTC	JCPB
#1	GRAYSCALE BITCOIN MINI TRUST (BTC) (BTC) - 12.55%	n/a (n/a) - 7.61%
#2	N/A	n/a (n/a) - 4.59%
#3	N/A	UNITED STATES TREASURY NOTES 4.5% (n/a) - 3.21%
#4	N/A	n/a (n/a) - 2.95%
#5	N/A	n/a (n/a) - 2.90%
#6	N/A	FEDERAL NATIONAL MORTGAGE ASSOCIATION 3% (n/a) - 2.31%
#7	N/A	FREMF MORTGAGE TRUST 0% (n/a) - 1.84%
#8	N/A	n/a (n/a) - 1.80%
#9	N/A	n/a (n/a) - 1.35%
#10	N/A	UNITED STATES TREASURY NOTES 0.5% (n/a) - 1.24%
#11	N/A	FEDERAL NATIONAL MORTGAGE ASSOCIATION 4% (n/a) - 1.20%
#12	N/A	n/a (n/a) - 1.09%
#13	N/A	FEDERAL HOME LOAN MORTGAGE CORP. 3% (n/a) - 1.09%
#14	N/A	U.S. TREASURY SECURITY STRIPPED INTEREST SECURITY 0% (n/a) - 0.90%
#15	N/A	UNITED STATES TREASURY NOTES 4.25% (n/a) - 0.74%
#16	N/A	FEDERAL NATIONAL MORTGAGE ASSOCIATION 5% (n/a) - 0.71%
#17	N/A	FEDERAL HOME LOAN MORTGAGE CORP. 2.5% (n/a) - 0.70%
#18	N/A	UNITED STATES TREASURY BONDS 3% (n/a) - 0.68%
#19	N/A	UNITED STATES TREASURY BONDS 4% (n/a) - 0.68%
#20	N/A	n/a (n/a) - 0.67%
#21	N/A	FEDERAL HOME LOAN MORTGAGE CORP. 5% (n/a) - 0.59%
#22	N/A	FEDERAL HOME LOAN MORTGAGE CORP. 5.5% (n/a) - 0.54%
#23	N/A	OTCBA FINRA CASH AT BROKER (n/a) - 0.52%
#24	N/A	UNITED STATES TREASURY NOTES 1.125% (n/a) - 0.50%
#25	N/A	UNITED STATES TREASURY BONDS 3.375% (n/a) - 0.39%
Total Holdings	1	1670

GBTC vs JCPB - Historical Returns

Returns include dividend reinvestment.

Period	GBTC	JCPB
1 month	+9.98%	-0.51%
3 months	+23.24%	-1.00%
6 months	-21.01%	+0.64%
1 year	-21.83%	+6.31%
5 years(CAGR)	+8.39%	+1.20%
10 years(CAGR)	+56.52%	N/A
Max(CAGR)	+57.77%	+2.75%

Winner

GBTC

+9.98%

JCPB

-0.51%

Winner

GBTC

+23.24%

JCPB

-1.00%

GBTC

-21.01%

Winner

JCPB

+0.64%

GBTC

-21.83%

Winner

JCPB

+6.31%

5Y(CAGR)

Winner

GBTC

+8.39%

JCPB

+1.20%

10Y(CAGR)

GBTC

+56.52%

JCPB

N/A

Max(CAGR)

Winner

GBTC

+57.77%

JCPB

+2.75%

GBTC vs JCPB - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	GBTC	JCPB
2026	-10.48%	+0.36%
2025	-11.46%	+7.95%
2024	+100.87%	+3.38%
2023	+322.20%	+6.57%
2022	-75.81%	-12.45%
2021	-2.37%	-0.46%
2020	+301.00%	+8.93%
2019	+77.27%	+7.76%
2018	-84.05%	N/A
2017	+1558.98%	N/A
2016	+90.08%	N/A
2015	+50.01%	N/A

GBTC vs JCPB Drawdown Comparison

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

The maximum drawdown for JCPB was -16.68%, occurring on Oct 24, 2022. Recovery took 974 trading sessions.

The current GBTC drawdown is -36.21%. The current JCPB drawdown is -1.75%.

Rank	GBTC	JCPB
#1	-89.91% Dec 18, 2017 - Jan 5, 2021	-16.68% Sep 14, 2021 - Aug 1, 2025
#2	-86.24% Feb 19, 2021 - Mar 4, 2024	-6.03% Mar 6, 2020 - Jun 23, 2020
#3	-57.96% May 5, 2015 - Dec 8, 2015	-3.48% Dec 31, 2020 - Aug 2, 2021
#4	-49.55% Oct 6, 2025 - Feb 5, 2026	-2.63% Feb 27, 2026 - Mar 26, 2026
#5	-48.42% Aug 31, 2017 - Nov 3, 2017	-2.12% Sep 5, 2019 - Oct 3, 2019
#6	-41.48% Jun 17, 2016 - Jan 3, 2017	-1.97% Oct 7, 2019 - Jan 24, 2020
#7	-36.93% Dec 15, 2015 - Apr 21, 2016	-1.49% Aug 4, 2020 - Nov 30, 2020
#8	-36.68% Jun 6, 2017 - Aug 10, 2017	-1.05% Oct 28, 2025 - Nov 25, 2025
#9	-35.04% Mar 13, 2024 - Nov 11, 2024	-0.88% Aug 3, 2021 - Sep 14, 2021
#10	-30.26% Jan 7, 2021 - Feb 8, 2021	-0.83% Nov 26, 2025 - Jan 13, 2026
#11	-28.76% Jan 4, 2017 - May 1, 2017	-0.71% Jul 5, 2019 - Aug 2, 2019
#12	-28.45% Dec 17, 2024 - May 21, 2025	-0.68% Sep 16, 2025 - Oct 13, 2025
#13	-19.31% May 9, 2017 - May 22, 2017	-0.65% Jan 14, 2026 - Feb 5, 2026
#14	-18.18% May 9, 2016 - May 31, 2016	-0.56% Apr 1, 2019 - May 7, 2019
#15	-15.79% Nov 3, 2017 - Nov 20, 2017	-0.53% Jan 31, 2020 - Feb 10, 2020