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GBTC vs DIA: which was the better investment?

Grayscale Bitcoin Trust ETF against SPDR Dow Jones Industrial Average ETF on real daily total-return data — every dividend reinvested, from May 11, 2015 to Jul 15, 2026.

GBTCthe Dow (DIA)
11 years of daily dataDividends reinvestedUpdated daily

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GBTCGrayscale Bitcoin Trust ETF
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Frequently asked questions

Did GBTC beat DIA?

Yes — measured from May 11, 2015 to Jul 15, 2026 with dividends reinvested, GBTC came out ahead: $1,020,869 versus $36,449 from a $10,000 start. That gap compounds from a 51.3% annual return against 12.3%.

What would $10,000 in GBTC be worth today?

$10,000 invested in Grayscale Bitcoin Trust ETF (GBTC) on May 11, 2015 would be worth about $1,020,869 as of Jul 15, 2026, a total return of 10108.7% (51.3% per year). The same $10,000 in DIA would be worth $36,449.

Which was riskier — GBTC or DIA?

GBTC swung with an annualized volatility of 81.6% and a worst peak-to-trough drop of -89.9%; DIA ran at 17.3% volatility with a -36.7% maximum drawdown. Risk-adjusted (Sharpe ratio), that is 0.60 for GBTC vs 0.59 for DIA.

What data is this comparison based on?

Daily adjusted closing prices covering May 11, 2015 through Jul 15, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.

Can I change the dates, amounts, or add monthly investing?

Yes — the interactive tool on this page is pre-loaded with GBTC vs DIA. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.