BITS vs. HODL
Compare and contrast key facts about Global X Blockchain & Bitcoin Strategy ETF (BITS) and VanEck Bitcoin Trust (HODL).
BITS and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITS is a passively managed fund by Global X that tracks the performance of the NONE. It was launched on Nov 15, 2021. 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. Both BITS and HODL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITS or HODL.
Correlation
The correlation between BITS and HODL is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITS vs. HODL - Performance Comparison
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Key characteristics
BITS:
0.59
HODL:
1.28
BITS:
1.17
HODL:
1.85
BITS:
1.13
HODL:
1.22
BITS:
0.71
HODL:
2.28
BITS:
1.63
HODL:
4.99
BITS:
19.48%
HODL:
12.81%
BITS:
61.64%
HODL:
53.54%
BITS:
-83.11%
HODL:
-28.07%
BITS:
-22.95%
HODL:
-4.51%
Returns By Period
In the year-to-date period, BITS achieves a -5.73% return, which is significantly lower than HODL's 9.05% return.
BITS
-5.73%
23.86%
-15.48%
36.02%
N/A
N/A
HODL
9.05%
21.55%
16.95%
67.88%
N/A
N/A
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BITS vs. HODL - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is higher than HODL's 0.25% expense ratio.
Risk-Adjusted Performance
BITS vs. HODL — Risk-Adjusted Performance Rank
BITS
HODL
BITS vs. HODL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.
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Dividends
BITS vs. HODL - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 31.28%, while HODL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 31.28% | 29.49% | 13.69% | 0.48% | 1.90% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BITS vs. HODL - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, which is greater than HODL's maximum drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for BITS and HODL. For additional features, visit the drawdowns tool.
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Volatility
BITS vs. HODL - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 12.09% compared to VanEck Bitcoin Trust (HODL) at 9.78%. This indicates that BITS's price experiences larger fluctuations and is considered to be riskier than HODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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