DEFI vs. VOXX
Compare and contrast key facts about Hashdex Bitcoin Futures ETF (DEFI) and VOXX International Corporation (VOXX).
DEFI is a passively managed fund by Hashdex that tracks the performance of the HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index. It was launched on Sep 15, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DEFI or VOXX.
Key characteristics
| DEFI | VOXX | |
|---|---|---|
| YTD Return | 42.10% | -43.16% |
| 1Y Return | 113.86% | -49.54% |
| Sharpe Ratio | 2.23 | -0.75 |
| Daily Std Dev | 49.53% | 66.53% |
| Max Drawdown | -25.83% | -97.39% |
| Current Drawdown | -15.16% | -91.33% |
Correlation
The correlation between DEFI and VOXX is 0.15, 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
DEFI vs. VOXX - Performance Comparison
In the year-to-date period, DEFI achieves a 42.10% return, which is significantly higher than VOXX's -43.16% return. 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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Risk-Adjusted Performance
DEFI vs. VOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Bitcoin Futures ETF (DEFI) and VOXX International Corporation (VOXX). 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
DEFI vs. VOXX - Dividend Comparison
Neither DEFI nor VOXX has paid dividends to shareholders.
Drawdowns
DEFI vs. VOXX - Drawdown Comparison
The maximum DEFI drawdown since its inception was -25.83%, smaller than the maximum VOXX drawdown of -97.39%. Use the drawdown chart below to compare losses from any high point for DEFI and VOXX. For additional features, visit the drawdowns tool.
Volatility
DEFI vs. VOXX - Volatility Comparison
The current volatility for Hashdex Bitcoin Futures ETF (DEFI) is 14.00%, while VOXX International Corporation (VOXX) has a volatility of 22.66%. This indicates that DEFI experiences smaller price fluctuations and is considered to be less risky than VOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.