GCPU vs VTI
Grayscale AI Compute ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, GCPU or VTI?
Multi Alternative against Large Cap Blend.
VTI has a lower expense ratio. GCPU led over the full window, VTI over 1Y. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 67.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GCPU | VTI |
|---|---|---|
| Expense Ratio | 0.59% | 0.03%Best |
| AUM | $12M | $690.1B |
| Dividend Yield | 0.50% | 1.03% |
| Holdings | 27 | 3,524 |
| YTD Return | +9.49% | +13.35%Best |
| 1Y Return | -16.52% | +15.92%Best |
| 3Y Return (annualized) | - | +23.41% |
| 5Y Return (annualized) | - | +12.83% |
| Volatility (annualized) | 71.1% | 12.7%Best |
| Max Drawdown | -56.7% | -19.3%Best |
| $10,000 over 1.7 years | $13,428Best | $12,910 |
| Top 10 Weight | 67.5% | 33.3%Best |
| Fund Family | Grayscale | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jan 30, 2025 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 30, 2025 to Oct 2, 2026 (1.7 years).
GCPU vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.7 years both funds cover.
GCPU vs VTI Performance
Grayscale AI Compute ETF (GCPU) is an ETF from Grayscale and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year GCPU returned -16.52% while VTI returned +15.92%. Year to date, GCPU is up 9.49% versus a gain of 13.35% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GCPU has been the more volatile fund, with annualized monthly volatility of 71.1% compared with 12.7% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.7% for GCPU and -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GCPU charges 0.59% per year while VTI charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, GCPU currently yields 0.50% against 1.03% for VTI.
Holdings Overlap
49.0% of GCPU's money is in holdings VTI also owns. 6.5% of VTI's money is in holdings GCPU also owns.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, GCPU as of Sep 15, 2026 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
14 positions in common, counted across the 26 positions we hold weights for in GCPU and 3,463 in VTI, against full books of 27 and 3,524.
What only one of them owns
Our book lists 1,141 positions for VTI that do not appear in our book for GCPU (90.9% of the fund), and 6 for GCPU that do not appear in VTI (19.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GCPU | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.40% | 6.40% | 2.00% |
| APLDApplied Digital Corp | 8.36% | 0.01% | 8.35% |
| SQBlock Inc | 4.54% | 0.06% | 4.48% |
| MARAMarathon Patent Group Inc. | 4.58% | 0.01% | 4.57% |
| CLSKCleanspark Inc | 4.36% | 0.00% | 4.36% |
| RIOTRiot Platforms, Inc. | 4.35% | 0.01% | 4.34% |
| CORZCore Scientific Inc Common Stock | 3.55% | 0.01% | 3.54% |
| WULFTerawulf Inc | 3.39% | 0.01% | 3.38% |
| CIFRCipher Mining Inc | 3.37% | 0.01% | 3.36% |
| KEELKeel Infrastructure Corp. | 3.07% | 0.00% | 3.07% |
49.0% of GCPU is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GCPU or VTI?
GCPU has an expense ratio of 0.59% while VTI charges 0.03%. VTI is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, GCPU or VTI?
Over the past year GCPU returned -16.52% vs +15.92% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), GCPU annualized +18.93% vs +16.21% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GCPU or VTI?
GCPU has been the more volatile fund at 71.1% annualized versus 12.7% for VTI. Worst drawdown: GCPU -56.7% vs VTI -19.3%.
Should I hold both GCPU and VTI?
GCPU and VTI have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GCPU and VTI?
49.0% of GCPU's money is in holdings VTI also owns. 6.5% of VTI's is in holdings GCPU also owns. They hold 14 positions in common, counted across the 26 positions we hold weights for in GCPU and 3,463 in VTI.
Which pays a higher dividend, GCPU or VTI?
GCPU yields 0.50% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than GCPU?
VTI has a lower expense ratio. GCPU led over the full window, VTI over 1Y. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 67.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.