IGF vs GBTC

Comparison between ISHARES GLOBAL INFRASTRUCTURE ETF (IGF, ETF) and Grayscale Investments LLC (GBTC, ETF).

5-Year PerformanceIGF has outperformed GBTC, delivering a return of +9.9% compared to +9.8%

IGF vs GBTC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IGF(ETF)	GBTC(ETF)
Net Assets	$11B	$11B
Expense Ratio	0.39%	1.50%
Max Drawdown	59.46%	89.91%
Sharpe Ratio	0.97	-0.97
5Y Beta	0.41	1.28
5Y Dividends CAGR	9.47%	N/A

Net Assets

IGF

$11B

Winner

GBTC

$11B

Expense Ratio

Winner

IGF

0.39%

GBTC

1.50%

Max Drawdown

Winner

IGF

59.46%

GBTC

89.91%

Sharpe Ratio

Winner

IGF

0.97

GBTC

-0.97

5Y Beta

Winner

IGF

0.41

GBTC

1.28

5Y Dividends CAGR

IGF

9.47%

GBTC

N/A

IGF vs GBTC - Holdings Comparison

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

IGF's top 25 holdings weight is 69.04%. GBTC's top 25 holdings weight is 12.55%.

Rank	IGF	GBTC
#1	TRANSURBAN GROUP (n/a) - 5.44%	GRAYSCALE BITCOIN MINI TRUST (BTC) (BTC) - 12.55%
#2	AENA SME SA (n/a) - 4.81%	N/A
#3	NEXTERA ENERGY INC (NEE) - 4.68%	N/A
#4	ENBRIDGE INC (n/a) - 4.13%	N/A
#5	IBERDROLA SA (n/a) - 3.84%	N/A
#6	n/a (PAC) - 3.65%	N/A
#7	AUCKLAND INTERNATIONAL AIRPORT LTD (n/a) - 3.20%	N/A
#8	WILLIAMS COMPANIES INC (WMB) - 2.94%	N/A
#9	SOUTHERN CO (SO) - 2.69%	N/A
#10	DUKE ENERGY CORP (DUK) - 2.56%	N/A
#11	GETLINK SE ACT. PROVENANT REGROUPEMENT (n/a) - 2.52%	N/A
#12	QUBE HOLDINGS LTD (n/a) - 2.44%	N/A
#13	TC ENERGY CORP (TRP) - 2.37%	N/A
#14	ENEL SPA (n/a) - 2.36%	N/A
#15	CONSTELLATION ENERGY CORP (CEG) - 2.28%	N/A
#16	NATIONAL GRID PLC (n/a) - 2.17%	N/A
#17	FLUGHAFEN ZUERICH AG (n/a) - 2.15%	N/A
#18	KINDER MORGAN INC CLASS P (KMI) - 2.08%	N/A
#19	n/a (ASR) - 1.97%	N/A
#20	TARGA RESOURCES CORP (TRGP) - 1.91%	N/A
#21	AEROPORTS DE PARIS SA (n/a) - 1.90%	N/A
#22	ONEOK INC (OKE) - 1.84%	N/A
#23	AMERICAN ELECTRIC POWER CO INC (AEP) - 1.84%	N/A
#24	CHENIERE ENERGY INC (LNG) - 1.69%	N/A
#25	ENGIE SA (n/a) - 1.58%	N/A
Total Holdings	95	1

IGF vs GBTC - Historical Returns

Returns include dividend reinvestment.

Period	IGF	GBTC
1 month	-1.48%	-22.74%
3 months	-1.71%	-10.50%
6 months	+8.99%	-33.89%
1 year	+15.50%	-43.81%
5 years(CAGR)	+9.87%	+9.85%
10 years(CAGR)	+8.11%	+47.89%
Max(CAGR)	+4.80%	+53.55%

Winner

IGF

-1.48%

GBTC

-22.74%

Winner

IGF

-1.71%

GBTC

-10.50%

Winner

IGF

+8.99%

GBTC

-33.89%

Winner

IGF

+15.50%

GBTC

-43.81%

5Y(CAGR)

Winner

IGF

+9.87%

GBTC

+9.85%

10Y(CAGR)

IGF

+8.11%

Winner

GBTC

+47.89%

Max(CAGR)

IGF

+4.80%

Winner

GBTC

+53.55%

IGF vs GBTC - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	IGF	GBTC
2026	+6.54%	-31.37%
2025	+20.40%	-11.46%
2024	+14.99%	+100.87%
2023	+6.19%	+322.20%
2022	-1.73%	-75.81%
2021	+12.40%	-2.37%
2020	-6.32%	+301.00%
2019	+25.62%	+77.27%
2018	-10.45%	-84.05%
2017	+18.88%	+1558.98%
2016	+12.88%	+90.08%
2015	-12.25%	+50.01%
2014	+12.98%	N/A
2013	+11.61%	N/A
2012	+10.62%	N/A
2011	-1.82%	N/A
2010	+3.73%	N/A
2009	+17.05%	N/A
2008	-40.35%	N/A
2007	+1.11%	N/A

IGF vs GBTC Drawdown Comparison

The maximum drawdown for IGF was -58.32%, occurring on Mar 9, 2009. Recovery took 1569 trading sessions.

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

The current IGF drawdown is -4.87%. The current GBTC drawdown is -51.09%.

Rank	IGF	GBTC
#1	-58.32% Jan 2, 2008 - Mar 27, 2014	-89.91% Dec 18, 2017 - Jan 5, 2021
#2	-42.11% Feb 18, 2020 - Oct 20, 2021	-86.24% Feb 19, 2021 - Mar 4, 2024
#3	-23.03% Apr 28, 2015 - Sep 8, 2016	-57.96% May 5, 2015 - Dec 8, 2015
#4	-20.80% Apr 20, 2022 - May 7, 2024	-52.45% Oct 6, 2025 - Jun 5, 2026
#5	-14.74% Jan 26, 2018 - Mar 19, 2019	-48.42% Aug 31, 2017 - Nov 3, 2017
#6	-11.38% Sep 8, 2016 - Mar 22, 2017	-41.48% Jun 17, 2016 - Jan 3, 2017
#7	-9.83% Sep 5, 2014 - Apr 28, 2015	-36.93% Dec 15, 2015 - Apr 21, 2016
#8	-8.74% Apr 2, 2025 - Apr 17, 2025	-36.68% Jun 6, 2017 - Aug 10, 2017
#9	-7.05% Nov 5, 2021 - Jan 12, 2022	-35.04% Mar 13, 2024 - Nov 11, 2024
#10	-6.97% Nov 29, 2024 - Jan 21, 2025	-30.26% Jan 7, 2021 - Feb 8, 2021
#11	-6.28% Jul 11, 2019 - Oct 22, 2019	-28.76% Jan 4, 2017 - May 1, 2017
#12	-6.27% Jul 24, 2014 - Sep 5, 2014	-28.45% Dec 17, 2024 - May 21, 2025
#13	-5.87% Feb 27, 2026 - Mar 20, 2026	-19.31% May 9, 2017 - May 22, 2017
#14	-4.67% Jan 21, 2025 - Apr 1, 2025	-18.18% May 9, 2016 - May 31, 2016
#15	-4.48% May 17, 2024 - Jul 12, 2024	-15.79% Nov 3, 2017 - Nov 20, 2017

Correlation

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

0.85

-101

Dividend Comparison (2007 - 2025)

IGF vs GBTC dividend yield comparison.

Year	IGF	GBTC
2025	3.23%	0.00%
2024	3.21%	0.00%
2023	3.36%	0.00%
2022	2.67%	0.00%
2021	2.42%	0.00%
2020	2.33%	0.00%
2019	3.27%	0.00%
2018	3.52%	0.00%
2017	2.95%	5.61%
2016	2.98%	0.00%
2015	3.25%	0.00%
2014	3.00%	0.00%
2013	3.45%	0.00%
2012	4.10%	0.00%
2011	4.36%	0.00%
2010	3.70%	0.00%
2009	3.35%	0.00%
2008	3.10%	0.00%
2007	0.36%	0.00%