GDLC vs IBIT
Comparison between Grayscale CoinDesk Crypto 5 ETF (GDLC, ETF) and iShares Bitcoin Trust (IBIT, ETF).
GDLC vs IBIT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GDLC
$309M
Winner
IBIT
$43B
Expense Ratio
GDLC
0.59%
Winner
IBIT
0.25%
Max Drawdown
GDLC
94.14%
Winner
IBIT
53.30%
Sharpe Ratio
Winner
GDLC
-1.00
IBIT
-1.15
5Y Beta
GDLC
1.45
Winner
IBIT
1.29
GDLC vs IBIT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GDLC
+4.03%
IBIT
+3.21%
3M
GDLC
-12.24%
Winner
IBIT
-11.39%
6M
GDLC
-29.75%
Winner
IBIT
-26.30%
1Y
GDLC
-44.33%
Winner
IBIT
-43.21%
5Y(CAGR)
GDLC
+5.52%
IBIT
N/A
Max(CAGR)
Winner
GDLC
+27.30%
IBIT
+14.73%
GDLC vs IBIT - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | GDLC | IBIT |
|---|---|---|
| 2026 | -29.74% | -26.05% |
| 2025 | -3.20% | -10.33% |
| 2024 | +123.34% | +99.21% |
| 2023 | +360.78% | N/A |
| 2022 | -84.27% | N/A |
| 2021 | +17.43% | N/A |
| 2020 | +233.86% | N/A |
| 2019 | -5.00% | N/A |
GDLC vs IBIT Drawdown Comparison
The maximum drawdown for GDLC was -94.14%, occurring on Jan 3, 2023. This drawdown has not yet recovered.
The maximum drawdown for IBIT was -53.30%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The current GDLC drawdown is -53.36%. The current IBIT drawdown is -47.16%.
| Rank | GDLC | IBIT |
|---|---|---|
| #1 | -94.14% Sep 1, 2021 - Jan 3, 2023 | -53.30% Oct 6, 2025 - Jun 30, 2026 |
| #2 | -64.90% Aug 20, 2020 - Jan 7, 2021 | -28.22% Dec 17, 2024 - May 20, 2025 |
| #3 | -61.52% Apr 15, 2021 - Aug 23, 2021 | -27.51% Mar 13, 2024 - Nov 6, 2024 |
| #4 | -58.39% Nov 29, 2019 - Jul 30, 2020 | -16.18% Jan 11, 2024 - Feb 9, 2024 |
| #5 | -31.52% Feb 19, 2021 - Apr 13, 2021 | -12.03% Aug 13, 2025 - Oct 6, 2025 |
| #6 | -29.10% Jan 7, 2021 - Feb 11, 2021 | -8.62% Mar 4, 2024 - Mar 8, 2024 |
| #7 | -25.52% Aug 3, 2020 - Aug 6, 2020 | -8.48% Nov 22, 2024 - Dec 6, 2024 |
| #8 | -18.76% Aug 6, 2020 - Aug 17, 2020 | -8.48% May 22, 2025 - Jul 9, 2025 |
| #9 | -16.67% Nov 22, 2019 - Nov 27, 2019 | -5.81% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -7.94% Aug 18, 2020 - Aug 20, 2020 | -5.31% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -4.26% Aug 25, 2021 - Aug 27, 2021 | -2.59% Nov 12, 2024 - Nov 15, 2024 |
| #12 | -2.35% Feb 11, 2021 - Feb 16, 2021 | -1.99% Feb 20, 2024 - Feb 22, 2024 |
| #13 | -1.34% Aug 23, 2021 - Aug 25, 2021 | -1.88% Feb 22, 2024 - Feb 26, 2024 |
| #14 | N/A | -1.54% Feb 12, 2024 - Feb 14, 2024 |
| #15 | N/A | -0.95% Mar 11, 2024 - Mar 13, 2024 |
Correlation
Correlation between GDLC and IBIT is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
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