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.
Correlation
The correlation between BTOP and HODL is 0.84, 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
Key characteristics
BTOP:
-0.76
HODL:
0.65
BTOP:
-0.82
HODL:
1.27
BTOP:
0.86
HODL:
1.15
BTOP:
-0.75
HODL:
1.26
BTOP:
-1.40
HODL:
2.80
BTOP:
34.40%
HODL:
12.65%
BTOP:
63.83%
HODL:
54.10%
BTOP:
-64.20%
HODL:
-28.07%
BTOP:
-64.20%
HODL:
-20.35%
Returns By Period
In the year-to-date period, BTOP achieves a -32.47% return, which is significantly lower than HODL's -9.03% return.
BTOP
-32.47%
-16.90%
-45.79%
-48.59%
N/A
N/A
HODL
-9.03%
-0.58%
23.85%
33.70%
N/A
N/A
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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 Rank
BTOP
HODL
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.
Dividends
BTOP vs. HODL - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 88.02%, while HODL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 88.02% | 59.44% | 5.82% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
BTOP vs. HODL - Drawdown Comparison
The maximum BTOP drawdown since its inception was -64.20%, which is greater than HODL's maximum drawdown of -28.07%. 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
The current volatility for Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) is 8.63%, while VanEck Bitcoin Trust (HODL) has a volatility of 16.13%. This indicates that BTOP 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.