GBTC vs VPU

Comparison between Grayscale Investments LLC (GBTC, ETF) and VANGUARD UTILITIES INDEX FUND ETF SHARES (VPU, ETF).

5-Year PerformanceGBTC has outperformed VPU, delivering a return of +9.8% compared to +9.1%

GBTC vs VPU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBTC(ETF)	VPU(ETF)
Net Assets	$11B	$11B
Expense Ratio	1.50%	0.09%
Max Drawdown	89.91%	48.41%
Sharpe Ratio	-0.97	0.55
5Y Beta	1.28	0.33
P/E Ratio	N/A	20.28
Forward P/E	N/A	18.36
5Y Dividends CAGR	N/A	12.72%
5Y EPS CAGR	N/A	12.89%
Debt to Equity	N/A	127.62%
P/S Ratio	N/A	2.87
P/B Ratio	N/A	2.28

Net Assets

Winner

GBTC

$11B

VPU

$11B

Expense Ratio

GBTC

1.50%

Winner

VPU

0.09%

Max Drawdown

GBTC

89.91%

Winner

VPU

48.41%

Sharpe Ratio

GBTC

-0.97

Winner

VPU

0.55

5Y Beta

GBTC

1.28

Winner

VPU

0.33

P/E Ratio

GBTC

N/A

VPU

20.28

Forward P/E

GBTC

N/A

VPU

18.36

5Y Dividends CAGR

GBTC

N/A

VPU

12.72%

5Y EPS CAGR

GBTC

N/A

VPU

12.89%

Debt to Equity

GBTC

N/A

VPU

127.62%

P/S Ratio

GBTC

N/A

VPU

2.87

P/B Ratio

GBTC

N/A

VPU

2.28

GBTC vs VPU - Holdings Comparison

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

GBTC's top 25 holdings weight is 12.55%. VPU's top 25 holdings weight is 82.90%.

Rank	GBTC	VPU
#1	GRAYSCALE BITCOIN MINI TRUST (BTC) (BTC) - 12.55%	NEXTERA ENERGY INC (NEE) - 12.53%
#2	N/A	SOUTHERN CO (SO) - 6.62%
#3	N/A	DUKE ENERGY CORP (DUK) - 6.26%
#4	N/A	CONSTELLATION ENERGY CORP (CEG) - 5.99%
#5	N/A	AMERICAN ELECTRIC POWER CO INC (AEP) - 4.55%
#6	N/A	SEMPRA (SRE) - 3.86%
#7	N/A	DOMINION ENERGY INC (D) - 3.42%
#8	N/A	VISTRA CORP (VST) - 3.32%
#9	N/A	ENTERGY CORP (ETR) - 3.27%
#10	N/A	XCEL ENERGY INC (XEL) - 3.05%
#11	N/A	EXELON CORP (EXC) - 2.64%
#12	N/A	PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) - 2.53%
#13	N/A	CONSOLIDATED EDISON INC (ED) - 2.50%
#14	N/A	WEC ENERGY GROUP INC (WEC) - 2.38%
#15	N/A	PG&E CORP (PCG) - 2.27%
#16	N/A	DTE ENERGY CO (DTE) - 1.96%
#17	N/A	NRG ENERGY INC (NRG) - 1.95%
#18	N/A	ATMOS ENERGY CORP (ATO) - 1.91%
#19	N/A	AMEREN CORP (AEE) - 1.91%
#20	N/A	CENTERPOINT ENERGY INC (CNP) - 1.77%
#21	N/A	PPL CORP (PPL) - 1.72%
#22	N/A	EDISON INTERNATIONAL (EIX) - 1.66%
#23	N/A	EVERSOURCE ENERGY (ES) - 1.65%
#24	N/A	FIRSTENERGY CORP (FE) - 1.62%
#25	N/A	AMERICAN WATER WORKS CO INC (AWK) - 1.56%
Total Holdings	1	71

GBTC vs VPU - Historical Returns

Returns include dividend reinvestment.

Period	GBTC	VPU
1 month	-22.74%	-1.70%
3 months	-10.50%	-5.08%
6 months	-33.89%	+4.11%
1 year	-43.81%	+12.31%
5 years(CAGR)	+9.85%	+9.11%
10 years(CAGR)	+47.89%	+8.91%
Max(CAGR)	+53.55%	+9.70%

GBTC

-22.74%

Winner

VPU

-1.70%

GBTC

-10.50%

Winner

VPU

-5.08%

GBTC

-33.89%

Winner

VPU

+4.11%

GBTC

-43.81%

Winner

VPU

+12.31%

5Y(CAGR)

Winner

GBTC

+9.85%

VPU

+9.11%

10Y(CAGR)

Winner

GBTC

+47.89%

VPU

+8.91%

Max(CAGR)

Winner

GBTC

+53.55%

VPU

+9.70%

GBTC vs VPU - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	GBTC	VPU
2026	-31.37%	+2.47%
2025	-11.46%	+15.69%
2024	+100.87%	+21.44%
2023	+322.20%	-7.47%
2022	-75.81%	+1.95%
2021	-2.37%	+20.23%
2020	+301.00%	+0.48%
2019	+77.27%	+27.23%
2018	-84.05%	+5.28%
2017	+1558.98%	+12.90%
2016	+90.08%	+18.00%
2015	+50.01%	-5.35%
2014	N/A	+28.95%
2013	N/A	+12.65%
2012	N/A	+3.49%
2011	N/A	+18.22%
2010	N/A	+6.57%
2009	N/A	+9.14%
2008	N/A	-27.21%
2007	N/A	+16.61%
2006	N/A	+19.41%
2005	N/A	+16.00%
2004	N/A	+20.60%

GBTC vs VPU Drawdown Comparison

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

The maximum drawdown for VPU was -46.30%, occurring on Mar 9, 2009. Recovery took 1131 trading sessions.

The current GBTC drawdown is -51.09%. The current VPU drawdown is -6.81%.

Rank	GBTC	VPU
#1	-89.91% Dec 18, 2017 - Jan 5, 2021	-46.30% Dec 10, 2007 - Jun 6, 2012
#2	-86.24% Feb 19, 2021 - Mar 4, 2024	-36.43% Feb 18, 2020 - Aug 13, 2021
#3	-57.96% May 5, 2015 - Dec 8, 2015	-25.15% Sep 12, 2022 - Aug 1, 2024
#4	-52.45% Oct 6, 2025 - Jun 5, 2026	-16.15% Jan 29, 2015 - Mar 8, 2016
#5	-48.42% Aug 31, 2017 - Nov 3, 2017	-15.28% Apr 8, 2022 - Aug 12, 2022
#6	-41.48% Jun 17, 2016 - Jan 3, 2017	-15.14% Nov 14, 2017 - Sep 6, 2018
#7	-36.93% Dec 15, 2015 - Apr 21, 2016	-12.17% May 21, 2007 - Dec 3, 2007
#8	-36.68% Jun 6, 2017 - Aug 10, 2017	-11.88% Oct 3, 2005 - Jul 19, 2006
#9	-35.04% Mar 13, 2024 - Nov 11, 2024	-11.58% Jul 6, 2016 - Feb 28, 2017
#10	-30.26% Jan 7, 2021 - Feb 8, 2021	-11.02% Apr 30, 2013 - Feb 13, 2014
#11	-28.76% Jan 4, 2017 - May 1, 2017	-10.23% Nov 29, 2024 - May 16, 2025
#12	-28.45% Dec 17, 2024 - May 21, 2025	-9.44% Dec 31, 2021 - Mar 24, 2022
#13	-19.31% May 9, 2017 - May 22, 2017	-9.39% Jul 30, 2012 - Feb 11, 2013
#14	-18.18% May 9, 2016 - May 31, 2016	-9.27% Jun 30, 2014 - Oct 23, 2014
#15	-15.79% Nov 3, 2017 - Nov 20, 2017	-9.21% Apr 1, 2004 - Jul 19, 2004

Correlation

Correlation between GBTC and VPU is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2004 - 2026)

GBTC vs VPU dividend yield comparison.

Year	GBTC	VPU
2026	0.00%	0.67%
2025	0.00%	2.73%
2024	0.00%	3.02%
2023	0.00%	3.49%
2022	0.00%	2.98%
2021	0.00%	2.70%
2020	0.00%	3.17%
2019	0.00%	2.83%
2018	0.00%	3.23%
2017	5.61%	3.18%
2016	0.00%	3.19%
2015	0.00%	3.63%
2014	0.00%	3.02%
2013	0.00%	3.76%
2012	0.00%	3.98%
2011	0.00%	3.46%
2010	0.00%	3.79%
2009	0.00%	3.79%
2008	0.00%	3.87%
2007	0.00%	2.50%
2006	0.00%	2.85%
2005	0.00%	2.92%
2004	0.00%	2.64%

Select Stocks to Compare

First Stock

Second Stock

Popular: GBTC vs SPY VPU vs SPY

More Comparisons

Compare with similar stocks

GBTC vs VPU

GBTC vs VPU - Performance Comparison

Key Characteristics

GBTC vs VPU - Holdings Comparison

GBTC vs VPU - Historical Returns

GBTC vs VPU - Annual Returns (2004 - 2026)

GBTC vs VPU Drawdown Comparison

Correlation

Dividend Comparison (2004 - 2026)

Select Stocks to Compare

More Comparisons

Compare GBTC with:

Compare VPU with:

Popular suggestions: