BITC vs. HODL
Compare and contrast key facts about Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and VanEck Bitcoin Trust (HODL).
BITC and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITC is an actively managed fund by Bitwise. It was launched on Mar 20, 2023. HODL is a passively managed fund by VanEck that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 4, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITC or HODL.
Key characteristics
| BITC | HODL | |
|---|---|---|
| Daily Std Dev | 56.61% | 56.50% |
| Max Drawdown | -31.26% | -27.51% |
| Current Drawdown | -2.30% | 0.00% |
Correlation
The correlation between BITC and HODL is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITC vs. HODL - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BITC vs. HODL - Expense Ratio Comparison
BITC has a 0.88% expense ratio, which is higher than HODL's 0.25% expense ratio.
Risk-Adjusted Performance
BITC vs. HODL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and VanEck Bitcoin Trust (HODL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
BITC vs. HODL - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 3.35%, while HODL has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.35% | 5.65% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
BITC vs. HODL - Drawdown Comparison
The maximum BITC drawdown since its inception was -31.26%, which is greater than HODL's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for BITC and HODL. For additional features, visit the drawdowns tool.
Volatility
BITC vs. HODL - Volatility Comparison
Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and VanEck Bitcoin Trust (HODL) have volatilities of 15.04% and 15.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.