VanEck Bitcoin Trust (HODL)
HODL is a passive ETF by VanEck tracking the investment results of the CME CF Bitcoin Reference Rate - New York Variant. HODL launched on Jan 4, 2024 and has a 0.25% expense ratio.
ETF Info
US92189K1051
92189K105
Jan 4, 2024
1x
CME CF Bitcoin Reference Rate - New York Variant
Expense Ratio
HODL has an expense ratio of 0.25%, which is considered low.
Share Price Chart
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Compare to other instruments
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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.
Returns By Period
VanEck Bitcoin Trust had a return of -9.03% year-to-date (YTD) and 21.77% in the last 12 months.
HODL
-9.03%
1.01%
37.61%
21.77%
N/A
N/A
^GSPC (Benchmark)
-4.23%
-5.40%
-1.33%
7.42%
17.47%
10.57%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 8.62% | -17.09% | -2.06% | 3.13% | -9.03% | ||||||||
| 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
The current rank of HODL is 52, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
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.
Dividends
Dividend History
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.
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 27.51%, occurring on Sep 6, 2024. Recovery took 43 trading sessions.
The current VanEck Bitcoin Trust drawdown is 20.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.51% | Mar 14, 2024 | 122 | Sep 6, 2024 | 43 | Nov 6, 2024 | 165 |
| -25.78% | Dec 18, 2024 | 54 | Mar 10, 2025 | — | — | — |
| -16.08% | Jan 12, 2024 | 7 | Jan 23, 2024 | 13 | Feb 9, 2024 | 20 |
| -8.6% | Mar 5, 2024 | 1 | Mar 5, 2024 | 3 | Mar 8, 2024 | 4 |
| -8.44% | Nov 25, 2024 | 2 | Nov 26, 2024 | 7 | Dec 6, 2024 | 9 |
Volatility
Volatility Chart
The current VanEck Bitcoin Trust volatility is 16.37%, 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.