BTF vs. HODL
Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and VanEck Bitcoin Trust (HODL).
BTF and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTF or HODL.
Correlation
The correlation between BTF and HODL is 0.92, 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
BTF vs. HODL - Performance Comparison
Key characteristics
BTF:
0.28
HODL:
1.47
BTF:
0.83
HODL:
2.16
BTF:
1.10
HODL:
1.25
BTF:
0.43
HODL:
2.99
BTF:
0.83
HODL:
6.77
BTF:
19.78%
HODL:
12.16%
BTF:
59.68%
HODL:
56.12%
BTF:
-77.50%
HODL:
-27.51%
BTF:
-25.63%
HODL:
-11.11%
Returns By Period
In the year-to-date period, BTF achieves a -12.42% return, which is significantly lower than HODL's 1.52% return.
BTF
-12.42%
-14.58%
13.76%
18.30%
N/A
N/A
HODL
1.52%
-8.39%
48.99%
85.48%
N/A
N/A
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BTF vs. HODL - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than HODL's 0.25% expense ratio.
Risk-Adjusted Performance
BTF vs. HODL — Risk-Adjusted Performance Rank
BTF
HODL
BTF vs. HODL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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
BTF vs. HODL - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 60.48%, while HODL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 60.48% | 52.96% | 15.98% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
BTF vs. HODL - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, which is greater than HODL's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for BTF and HODL. For additional features, visit the drawdowns tool.
Volatility
BTF vs. HODL - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 14.64% compared to VanEck Bitcoin Trust (HODL) at 9.84%. This indicates that BTF'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.