BTOP vs. HODL
Compare and contrast key facts about Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and VanEck Bitcoin Trust (HODL).
BTOP and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 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: BTOP or HODL.
Key characteristics
| BTOP | HODL | |
|---|---|---|
| Daily Std Dev | 56.13% | 58.32% |
| Max Drawdown | -38.51% | -27.51% |
| Current Drawdown | -32.72% | -18.65% |
Correlation
The correlation between BTOP and HODL is 0.95, 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
BTOP 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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BTOP vs. HODL - Expense Ratio Comparison
BTOP has a 0.90% expense ratio, which is higher than HODL's 0.25% expense ratio.
Risk-Adjusted Performance
BTOP vs. HODL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) 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
BTOP vs. HODL - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 5.12%, while HODL has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 5.12% | 5.82% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
BTOP vs. HODL - Drawdown Comparison
The maximum BTOP drawdown since its inception was -38.51%, which is greater than HODL's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for BTOP and HODL. For additional features, visit the drawdowns tool.
Volatility
BTOP vs. HODL - Volatility Comparison
Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and VanEck Bitcoin Trust (HODL) have volatilities of 14.01% and 14.31%, 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.