Grayscale CoinDesk Crypto 5 ETF

10-Year Study

GDLC.US · · US · ETF

Executive Summary: Grayscale CoinDesk Crypto 5 ETF has compounded at 24.0% annually over the last 10 years, with a maximum drawdown of 93.7% and an annualized volatility of 70.2%.

1Y CAGR
-22.6%
3Y CAGR
+77.0%
5Y CAGR
+5.3%
10Y CAGR
+24.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
93.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.96
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
2.17
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
116.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +353.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -84.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
71%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-5.3-23.33.910.6————————-16.5%
202512.0-25.20.78.316.19.99.5-4.311.2-5.3-18.3-4.40.4%
2024-19.356.58.2-21.440.2-14.03.1-18.56.937.152.7-2.7137.0%
202356.90.014.8-0.7-4.824.415.3-8.1-2.949.925.910.3353.3%
2022-22.616.90.3-20.1-36.6-35.938.7-14.0-14.2-3.0-31.1-21.5-84.2%
202131.619.827.01.9-31.2-16.929.2113.3-57.732.1-5.9-24.727.4%
20208.329.4-48.168.01.7-10.2143.556.5-54.636.146.0-12.9233.9%
2019———————————-34.5-34.5%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 70.2%. The dominant macroeconomic risk driver is BTC-USD.CC, accounting for 61.6% of variance. Idiosyncratic stock-specific factors contribute 22.2%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2019-11-0110000
2019-12-016551.724062332593
2020-01-017097.701524267559
2020-02-019183.907984238283
2020-03-014770.11515672432
2020-04-018011.494187354914
2020-05-018149.425641409021
2020-06-017316.091851335106
2020-07-0117816.092344614935
2020-08-0127873.563829478204
2020-09-0112643.678438113826
2020-10-0117206.897235890032
2020-11-0125126.438034023373
2020-12-0121873.564487184645
2021-01-0128793.10320258093
2021-02-0134482.75937667407
2021-03-0143793.10265449223
2021-04-0144632.18699120241
2021-05-0130689.65672218184
2021-06-0125517.24281568073
2021-07-0132977.01283108531
2021-08-0170344.83000535701
2021-09-0129770.115156724318
2021-10-0139340.232746962465
2021-11-0136999.99923267582
2021-12-0127873.563829478204
2022-01-0121574.713642837563
2022-02-0125218.391971333647
2022-03-0125298.851392435787
2022-04-0120206.896907036815
2022-05-0112810.345634599567
2022-06-018206.896578183592
2022-07-0111379.310155831483
2022-08-019782.758466846826
2022-09-018390.805000892837
2022-10-018137.931125200888
2022-11-015609.195656813603
2022-12-014402.29885939453
2023-01-016908.046391542948
2023-02-016908.046391542948
2023-03-017931.034766252776
2023-04-017873.563281389506
2023-05-017494.253015940283
2023-06-019321.838890203693
2023-07-0110747.127110867712
2023-08-019873.563610242725
2023-09-019586.207282103775
2023-10-0114367.81640694753
2023-11-0118091.954156545755
2023-12-0119954.02412752226
2024-01-0116098.850427799674
2024-02-0125195.402938917377
2024-03-0127264.367624575905
2024-04-0121436.781640694753
2024-05-0130062.068852875564
2024-06-0125854.02359039534
2024-07-0126666.66812823653
2024-08-0121724.137968833704
2024-09-0123218.392190569124
2024-10-0131839.082034737643
2024-11-0148620.68984416852
2024-12-0147287.35665699217
2025-01-0152965.52050723197
2025-02-0139643.68095932184
2025-03-0139919.54057889786
2025-04-0143218.38999821433
2025-05-0150160.919938381674
2025-06-0155114.94461399264
2025-07-0160367.817941595895
2025-08-0157758.62195592906
2025-09-0164252.87672575319
2025-10-0160827.58543579245
2025-11-0149666.66670320591
2025-12-0147497.704330481705
2026-01-0145000.0027404435
2026-02-0134494.25362979963
2026-03-0135850.57549861547
2026-04-0139643.67903004962
Annual Return Matrix
YearAnnual Return
20202.338596723409175
20210.27430368497136626
2022-0.8420618588162452
20233.532637325369281
20241.3698155497251046
20250.004448285722869372
2026-0.16535589269293904
Total Factor Risk
0.702142567078871
VTI.US Exposure
0.04255699731991895
VEA.US Exposure
0.009787766784279884
VWO.US Exposure
0.007975307874282368
QQQ.US Exposure
-0.020949448989579025
VTV.US Exposure
-0.02024942568063352
IJR.US Exposure
0.01559366930475895
QUAL.US Exposure
0.01773770826173079
SHV.US Exposure
0.12296425568856151
TLT.US Exposure
-0.0000417597413831553
LQD.US Exposure
-0.01146524583869003
HYG.US Exposure
-0.0026016535841729216
GLD.US Exposure
-0.0003232711674769109
USO.US Exposure
0.003462975637824433
VNQ.US Exposure
0.01914093322273149
BTC-USD.CC Exposure
0.6160450711383895
CPER.US Exposure
-0.012894798210938765
VIX.INDX Exposure
-0.014774914954760974
UUP.US Exposure
0.0019542646198031327
TIP.US Exposure
0.0036874349526073097
Idiosyncratic Exposure
0.22239413336274713
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
70.2%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+8.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-23.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
44.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Grayscale CoinDesk Crypto 5 ETF a high-risk investment?

Grayscale CoinDesk Crypto 5 ETF (GDLC.US) has an annualized volatility of 70.2% and experienced a maximum drawdown of 93.7% over the last 10 years. Its primary macro risk driver is BTC-USD.CC.

What is the 10-year return of GDLC.US?

Over the past 10 years, GDLC.US has generated a Compound Annual Growth Rate (CAGR) of 24.0%. It has had a positive return in 71% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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