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.
Key characteristics
| BITS | HODL | |
|---|---|---|
| Daily Std Dev | 62.70% | 58.40% |
| Max Drawdown | -83.11% | -27.51% |
| Current Drawdown | -37.40% | -18.87% |
Correlation
The correlation between BITS and HODL is 0.88, 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
BITS 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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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 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.
Not enough dataDividends
BITS vs. HODL - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 12.16%, while HODL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 12.16% | 13.69% | 0.48% | 1.90% |
HODL VanEck Bitcoin Trust | 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 -27.51%. Use the drawdown chart below to compare losses from any high point for BITS and HODL. For additional features, visit the drawdowns tool.
Volatility
BITS vs. HODL - Volatility Comparison
Global X Blockchain & Bitcoin Strategy ETF (BITS) and VanEck Bitcoin Trust (HODL) have volatilities of 15.14% and 14.68%, 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.