GBTC vs MGC

Comparison between Grayscale Investments LLC (GBTC, ETF) and VANGUARD MEGA CAP INDEX FUND ETF SHARES (MGC, ETF).

5-Year PerformanceMGC has outperformed GBTC, delivering a return of +13.8% compared to +11.7%

GBTC vs MGC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBTC(ETF)	MGC(ETF)
Net Assets	$11B	$11B
Expense Ratio	1.50%	0.05%
Max Drawdown	89.91%	52.73%
Sharpe Ratio	-1.04	1.53
5Y Beta	1.28	1.01
P/E Ratio	N/A	28.06
Forward P/E	N/A	22.50
PEG Ratio	N/A	0.55
5Y Dividends CAGR	N/A	9.60%
5Y EPS CAGR	N/A	27.26%
Debt to Equity	N/A	12.09%
P/S Ratio	N/A	4.43
P/B Ratio	N/A	6.21

Net Assets

GBTC

$11B

Winner

MGC

$11B

Expense Ratio

GBTC

1.50%

Winner

MGC

0.05%

Max Drawdown

GBTC

89.91%

Winner

MGC

52.73%

Sharpe Ratio

GBTC

-1.04

Winner

MGC

1.53

5Y Beta

GBTC

1.28

Winner

MGC

1.01

P/E Ratio

GBTC

N/A

MGC

28.06

Forward P/E

GBTC

N/A

MGC

22.50

PEG Ratio

GBTC

N/A

MGC

0.55

5Y Dividends CAGR

GBTC

N/A

MGC

9.60%

5Y EPS CAGR

GBTC

N/A

MGC

27.26%

Debt to Equity

GBTC

N/A

MGC

12.09%

P/S Ratio

GBTC

N/A

MGC

4.43

P/B Ratio

GBTC

N/A

MGC

6.21

GBTC vs MGC - Holdings Comparison

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

GBTC's top 25 holdings weight is 12.55%. MGC's top 25 holdings weight is 61.75%.

Rank	GBTC	MGC
#1	GRAYSCALE BITCOIN MINI TRUST (BTC) (BTC) - 12.55%	NVIDIA CORP (NVDA) - 9.11%
#2	N/A	APPLE INC (AAPL) - 7.87%
#3	N/A	MICROSOFT CORP (MSFT) - 5.98%
#4	N/A	AMAZON.COM INC (AMZN) - 5.06%
#5	N/A	ALPHABET INC CLASS A (GOOGL) - 4.43%
#6	N/A	BROADCOM INC (AVGO) - 3.91%
#7	N/A	ALPHABET INC CLASS C (GOOG) - 3.49%
#8	N/A	META PLATFORMS INC CLASS A (META) - 2.65%
#9	N/A	TESLA INC (TSLA) - 2.12%
#10	N/A	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.61%
#11	N/A	JPMORGAN CHASE & CO (JPM) - 1.57%
#12	N/A	ELI LILLY AND CO (LLY) - 1.57%
#13	N/A	EXXON MOBIL CORP (XOM) - 1.27%
#14	N/A	MICRON TECHNOLOGY INC (MU) - 1.15%
#15	N/A	ADVANCED MICRO DEVICES INC (AMD) - 1.14%
#16	N/A	WALMART INC (WMT) - 1.14%
#17	N/A	VISA INC CLASS A (V) - 1.10%
#18	N/A	JOHNSON & JOHNSON (JNJ) - 1.09%
#19	N/A	COSTCO WHOLESALE CORP (COST) - 0.89%
#20	N/A	CATERPILLAR INC (CAT) - 0.82%
#21	N/A	MASTERCARD INC CLASS A (MA) - 0.79%
#22	N/A	NETFLIX INC (NFLX) - 0.78%
#23	N/A	INTEL CORP (INTC) - 0.75%
#24	N/A	ABBVIE INC (ABBV) - 0.74%
#25	N/A	CHEVRON CORP (CVX) - 0.72%
Total Holdings	1	182

GBTC vs MGC - Historical Returns

Returns include dividend reinvestment.

Period	GBTC	MGC
1 month	-17.84%	-1.89%
3 months	-12.12%	+12.71%
6 months	-29.42%	+6.55%
1 year	-40.53%	+24.48%
5 years(CAGR)	+11.71%	+13.78%
10 years(CAGR)	+85.86%	+15.93%
Max(CAGR)	+89.57%	+11.46%

GBTC

-17.84%

Winner

MGC

-1.89%

GBTC

-12.12%

Winner

MGC

+12.71%

GBTC

-29.42%

Winner

MGC

+6.55%

GBTC

-40.53%

Winner

MGC

+24.48%

5Y(CAGR)

GBTC

+11.71%

Winner

MGC

+13.78%

10Y(CAGR)

Winner

GBTC

+85.86%

MGC

+15.93%

Max(CAGR)

Winner

GBTC

+89.57%

MGC

+11.46%

GBTC vs MGC - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	GBTC	MGC
2026	-31.07%	+7.44%
2025	-11.46%	+19.56%
2024	+100.87%	+28.00%
2023	+322.20%	+30.33%
2022	-75.81%	-20.56%
2021	-2.37%	+29.30%
2020	+301.00%	+20.27%
2019	+77.27%	+31.00%
2018	-84.05%	-4.16%
2017	+17455.31%	+21.65%
2016	+90.08%	+13.56%
2015	+50.01%	+1.55%
2014	N/A	+14.37%
2013	N/A	+28.94%
2012	N/A	+14.39%
2011	N/A	+1.23%
2010	N/A	+12.05%
2009	N/A	+21.72%
2008	N/A	-35.04%
2007	N/A	-0.73%

GBTC vs MGC Drawdown Comparison

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

The maximum drawdown for MGC was -51.92%, occurring on Mar 9, 2009. Recovery took 1043 trading sessions.

The current GBTC drawdown is -50.88%. The current MGC drawdown is -3.81%.

Rank	GBTC	MGC
#1	-89.91% Dec 18, 2017 - Jan 5, 2021	-51.92% Dec 27, 2007 - Feb 16, 2012
#2	-86.24% Feb 19, 2021 - Mar 4, 2024	-33.07% Feb 19, 2020 - Aug 5, 2020
#3	-57.96% May 5, 2015 - Dec 8, 2015	-25.75% Jan 3, 2022 - Dec 12, 2023
#4	-52.45% Oct 6, 2025 - Jun 5, 2026	-19.28% Feb 19, 2025 - Jun 26, 2025
#5	-48.42% Aug 31, 2017 - Nov 3, 2017	-19.02% Oct 3, 2018 - Apr 12, 2019
#6	-41.48% Jun 17, 2016 - Jan 3, 2017	-12.95% Jul 20, 2015 - Apr 19, 2016
#7	-36.93% Dec 15, 2015 - Apr 21, 2016	-10.05% Jan 26, 2018 - Jul 25, 2018
#8	-36.68% Jun 6, 2017 - Aug 10, 2017	-9.84% Jan 12, 2026 - Apr 15, 2026
#9	-35.04% Mar 13, 2024 - Nov 11, 2024	-9.64% Sep 2, 2020 - Nov 16, 2020
#10	-30.26% Jan 7, 2021 - Feb 8, 2021	-9.40% Apr 2, 2012 - Aug 10, 2012
#11	-28.76% Jan 4, 2017 - May 1, 2017	-9.09% Jul 10, 2024 - Sep 19, 2024
#12	-28.45% Dec 17, 2024 - May 21, 2025	-7.38% Oct 4, 2012 - Jan 2, 2013
#13	-19.31% May 9, 2017 - May 22, 2017	-7.37% Sep 19, 2014 - Oct 31, 2014
#14	-18.18% May 9, 2016 - May 31, 2016	-6.77% Apr 30, 2019 - Jun 20, 2019
#15	-15.79% Nov 3, 2017 - Nov 20, 2017	-6.00% Jul 26, 2019 - Oct 25, 2019

Correlation

Correlation between GBTC and MGC is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2008 - 2026)

GBTC vs MGC dividend yield comparison.

Year	GBTC	MGC
2026	0.00%	0.26%
2025	0.00%	0.93%
2024	0.00%	1.15%
2023	0.00%	1.35%
2022	0.00%	1.65%
2021	0.00%	1.17%
2020	0.00%	1.45%
2019	0.00%	1.81%
2018	0.00%	2.10%
2017	510.95%	1.83%
2016	0.00%	2.14%
2015	0.00%	2.11%
2014	0.00%	1.81%
2013	0.00%	1.86%
2012	0.00%	2.26%
2011	0.00%	2.07%
2010	0.00%	1.86%
2009	0.00%	2.16%
2008	0.00%	2.07%