Grayscale Bitcoin Total Risk Alpha

BTC Etf  USD 38.50  1.17  3.13%   
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Grayscale Bitcoin Mini has current Total Risk Alpha of 0.0364. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.

Total Risk Alpha

 = 

RFR + (ER[b] - ER[a])

x

STD[a] / STD[b]

 = 
0.0364
ER[a] = Expected return on investing in Grayscale Bitcoin
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Grayscale Bitcoin
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Grayscale Bitcoin Total Risk Alpha Peers Comparison

-0.870.04-0.24-0.181.99100%

Grayscale Total Risk Alpha Relative To Other Indicators

Grayscale Bitcoin Mini is second largest ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  349.37  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Grayscale Bitcoin Mini is roughly  349.37 
JavaScript chart by amCharts 3.21.15ETHDETHEETHVETHAETHWEETHBTC 01020304050 00.51.01.52.0
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Grayscale Bitcoin to Peers

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