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.
Correlation
The correlation between BITC and HODL is 0.97, 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
Key characteristics
BITC:
1.00
HODL:
1.61
BITC:
1.68
HODL:
2.29
BITC:
1.20
HODL:
1.27
BITC:
1.75
HODL:
3.26
BITC:
3.47
HODL:
7.39
BITC:
15.82%
HODL:
12.14%
BITC:
55.04%
HODL:
56.02%
BITC:
-31.26%
HODL:
-27.51%
BITC:
-18.93%
HODL:
-7.60%
Returns By Period
In the year-to-date period, BITC achieves a -6.17% return, which is significantly lower than HODL's 5.53% return.
BITC
-6.17%
-4.69%
41.76%
58.05%
N/A
N/A
HODL
5.53%
-7.19%
63.48%
93.51%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 Rank
BITC
HODL
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.
Dividends
BITC vs. HODL - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 45.49%, while HODL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 45.49% | 42.68% | 5.65% |
HODL VanEck Bitcoin Trust | 0.00% | 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
The current volatility for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is 6.84%, while VanEck Bitcoin Trust (HODL) has a volatility of 9.28%. This indicates that BITC experiences smaller price fluctuations and is considered to be less risky than HODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.