VPU vs GBTC

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

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

VPU vs GBTC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

VPU

$11B

Winner

GBTC

$11B

Expense Ratio

Winner

VPU

0.09%

GBTC

1.50%

Max Drawdown

Winner

VPU

48.41%

GBTC

89.91%

Sharpe Ratio

Winner

VPU

0.55

GBTC

-0.97

5Y Beta

Winner

VPU

0.33

GBTC

1.28

P/E Ratio

VPU

20.28

GBTC

N/A

Forward P/E

VPU

18.36

GBTC

N/A

5Y Dividends CAGR

VPU

12.72%

GBTC

N/A

5Y EPS CAGR

VPU

12.89%

GBTC

N/A

Debt to Equity

VPU

127.62%

GBTC

N/A

P/S Ratio

VPU

2.87

GBTC

N/A

P/B Ratio

VPU

2.28

GBTC

N/A

VPU vs GBTC - Holdings Comparison

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

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

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

VPU vs GBTC - Historical Returns

Returns include dividend reinvestment.

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

Winner

VPU

-1.70%

GBTC

-22.74%

Winner

VPU

-5.08%

GBTC

-10.50%

Winner

VPU

+4.11%

GBTC

-33.89%

Winner

VPU

+12.31%

GBTC

-43.81%

5Y(CAGR)

VPU

+9.11%

Winner

GBTC

+9.85%

10Y(CAGR)

VPU

+8.91%

Winner

GBTC

+47.89%

Max(CAGR)

VPU

+9.70%

Winner

GBTC

+53.55%

VPU vs GBTC - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

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

VPU vs GBTC Drawdown Comparison

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

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

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

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

Correlation

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

0.85

-101

Dividend Comparison (2004 - 2026)

VPU vs GBTC dividend yield comparison.

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

Select Stocks to Compare

First Stock

Second Stock

Popular: VPU vs SPY GBTC vs SPY

More Comparisons

Compare with similar stocks

VPU vs GBTC

VPU vs GBTC - Performance Comparison

Key Characteristics

VPU vs GBTC - Holdings Comparison

VPU vs GBTC - Historical Returns

VPU vs GBTC - Annual Returns (2004 - 2026)

VPU vs GBTC Drawdown Comparison

Correlation

Dividend Comparison (2004 - 2026)

Select Stocks to Compare

More Comparisons

Compare VPU with:

Compare GBTC with:

Popular suggestions: