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VanEck Bitcoin Trust (HODL)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US92189K1051

CUSIP

92189K105

Issuer

VanEck

Inception Date

Jan 4, 2024

Category

Blockchain

Leveraged

1x

Index Tracked

CME CF Bitcoin Reference Rate - New York Variant

Asset Class

Cryptocurrency

Expense Ratio

HODL has an expense ratio of 0.25%, which is considered low.


Expense ratio chart for HODL: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HODL: 0.25%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in VanEck Bitcoin Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%20.00%40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
100.23%
14.74%
HODL (VanEck Bitcoin Trust)
Benchmark (^GSPC)

Returns By Period

VanEck Bitcoin Trust had a return of 0.24% year-to-date (YTD) and 46.54% in the last 12 months.


HODL

YTD

0.24%

1M

6.26%

6M

37.11%

1Y

46.54%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

-6.75%

1M

-5.05%

6M

-5.60%

1Y

8.15%

5Y*

14.14%

10Y*

10.05%

*Annualized

Monthly Returns

The table below presents the monthly returns of HODL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20258.62%-17.09%-2.06%13.64%0.24%
2024-8.98%45.78%14.41%-16.82%14.50%-11.30%8.83%-10.18%8.28%10.20%38.68%-3.71%99.75%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 78, HODL is among the top 22% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of HODL is 7878
Overall Rank
The Sharpe Ratio Rank of HODL is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of HODL is 7979
Sortino Ratio Rank
The Omega Ratio Rank of HODL is 7373
Omega Ratio Rank
The Calmar Ratio Rank of HODL is 8989
Calmar Ratio Rank
The Martin Ratio Rank of HODL is 7575
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The chart of Sharpe ratio for HODL, currently valued at 0.75, compared to the broader market-1.000.001.002.003.004.00
HODL: 0.75
^GSPC: 0.49
The chart of Sortino ratio for HODL, currently valued at 1.38, compared to the broader market-2.000.002.004.006.008.00
HODL: 1.38
^GSPC: 0.81
The chart of Omega ratio for HODL, currently valued at 1.16, compared to the broader market0.501.001.502.002.50
HODL: 1.16
^GSPC: 1.12
The chart of Calmar ratio for HODL, currently valued at 1.45, compared to the broader market0.002.004.006.008.0010.0012.00
HODL: 1.45
^GSPC: 0.50
The chart of Martin ratio for HODL, currently valued at 3.18, compared to the broader market0.0020.0040.0060.00
HODL: 3.18
^GSPC: 2.07

The current VanEck Bitcoin Trust Sharpe ratio is 0.75. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of VanEck Bitcoin Trust with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
0.75
0.49
HODL (VanEck Bitcoin Trust)
Benchmark (^GSPC)

Dividends

Dividend History


VanEck Bitcoin Trust doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-12.23%
-10.73%
HODL (VanEck Bitcoin Trust)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the VanEck Bitcoin Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the VanEck Bitcoin Trust was 28.07%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current VanEck Bitcoin Trust drawdown is 12.23%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-28.07%Dec 18, 202475Apr 8, 2025
-27.51%Mar 14, 2024122Sep 6, 202443Nov 6, 2024165
-16.08%Jan 12, 20247Jan 23, 202413Feb 9, 202420
-8.6%Mar 5, 20241Mar 5, 20243Mar 8, 20244
-8.44%Nov 25, 20242Nov 26, 20247Dec 6, 20249

Volatility

Volatility Chart

The current VanEck Bitcoin Trust volatility is 16.30%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
16.30%
14.23%
HODL (VanEck Bitcoin Trust)
Benchmark (^GSPC)