GDLC vs NCA
Comparison between Grayscale CoinDesk Crypto 5 ETF (GDLC, ETF) and Nuveen California Municipal Value Fund. (NCA, ETF).
5-Year PerformanceGDLC has outperformed NCA, delivering a return of +5.5% compared to +1.2%
GDLC vs NCA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GDLC vs NCA - Historical Returns
Returns include dividend reinvestment.
GDLC vs NCA - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GDLC | NCA |
|---|---|---|
| 2026 | -29.74% | +4.86% |
| 2025 | -3.20% | +10.13% |
| 2024 | +123.34% | -0.80% |
| 2023 | +360.78% | +8.96% |
| 2022 | -84.27% | -13.22% |
| 2021 | +17.43% | -2.16% |
| 2020 | +233.86% | +4.73% |
| 2019 | -5.00% | +19.52% |
| 2018 | N/A | -7.83% |
| 2017 | N/A | +1.75% |
| 2016 | N/A | +0.41% |
| 2015 | N/A | +8.06% |
| 2014 | N/A | +19.53% |
| 2013 | N/A | -5.95% |
| 2012 | N/A | +10.54% |
| 2011 | N/A | +16.12% |
| 2010 | N/A | +0.45% |
| 2009 | N/A | +10.05% |
| 2008 | N/A | -3.00% |
| 2007 | N/A | -5.56% |
| 2006 | N/A | +12.17% |
| 2005 | N/A | +9.35% |
| 2004 | N/A | +6.39% |
| 2003 | N/A | +3.67% |
| 2002 | N/A | +1.42% |
| 2001 | N/A | +11.60% |
| 2000 | N/A | +21.02% |
| 1999 | N/A | -8.03% |
GDLC vs NCA 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 NCA was -23.58%, occurring on Oct 10, 2008. Recovery took 580 trading sessions.
The current GDLC drawdown is -53.36%. The current NCA drawdown is -4.02%.
| Rank | GDLC | NCA |
|---|---|---|
| #1 | -94.14% Sep 1, 2021 - Jan 3, 2023 | -23.58% May 15, 2007 - Sep 1, 2009 |
| #2 | -64.90% Aug 20, 2020 - Jan 7, 2021 | -22.97% Sep 16, 2021 - Jan 7, 2026 |
| #3 | -61.52% Apr 15, 2021 - Aug 23, 2021 | -19.28% Mar 3, 2020 - Sep 14, 2020 |
| #4 | -58.39% Nov 29, 2019 - Jul 30, 2020 | -14.95% Jan 24, 2013 - Apr 25, 2014 |
| #5 | -31.52% Feb 19, 2021 - Apr 13, 2021 | -14.28% Sep 2, 2010 - Nov 9, 2011 |
| #6 | -29.10% Jan 7, 2021 - Feb 11, 2021 | -13.49% Sep 22, 2016 - Jul 9, 2019 |
| #7 | -25.52% Aug 3, 2020 - Aug 6, 2020 | -13.48% Nov 2, 1999 - Mar 30, 2000 |
| #8 | -18.76% Aug 6, 2020 - Aug 17, 2020 | -12.31% Jun 26, 2003 - Feb 12, 2004 |
| #9 | -16.67% Nov 22, 2019 - Nov 27, 2019 | -12.29% Feb 17, 2004 - Nov 16, 2004 |
| #10 | -7.94% Aug 18, 2020 - Aug 20, 2020 | -10.28% Sep 30, 2002 - Jun 12, 2003 |
| #11 | -4.26% Aug 25, 2021 - Aug 27, 2021 | -9.19% Jan 20, 2021 - Jul 29, 2021 |
| #12 | -2.35% Feb 11, 2021 - Feb 16, 2021 | -8.33% Mar 30, 2000 - Jun 9, 2000 |
| #13 | -1.34% Aug 23, 2021 - Aug 25, 2021 | -7.94% Mar 7, 2001 - Jul 23, 2001 |
| #14 | N/A | -7.88% Mar 1, 2012 - May 4, 2012 |
| #15 | N/A | -7.72% Aug 10, 2000 - Jan 4, 2001 |
Correlation
Correlation between GDLC and NCA is 0.53 which considered as a moderate positive correlation - the stocks show some tendency to move together.
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