GBTG vs. HODL
GBTG (Global Business Travel Group Inc) is a stock, while HODL (VanEck Bitcoin Trust) is Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Over the past year, GBTG returned 46.65% vs -47.40% for HODL. At a 0.20 correlation, their price movements are largely independent.
Performance
GBTG vs. HODL - Performance Comparison
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Returns By Period
In the year-to-date period, GBTG achieves a 22.88% return, which is significantly higher than HODL's -28.87% return.
GBTG
- 1D
- 0.00%
- 1M
- 0.43%
- 6M
- 15.06%
- YTD
- 22.88%
- 1Y
- 46.65%
- 3Y*
- 9.60%
- 5Y*
- -0.73%
- 10Y*
- —
HODL
- 1D
- -2.71%
- 1M
- -2.11%
- 6M
- -31.95%
- YTD
- -28.87%
- 1Y
- -47.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBTG vs. HODL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GBTG Global Business Travel Group Inc | 22.88% | -17.56% | 54.41% |
HODL VanEck Bitcoin Trust | -28.87% | -6.42% | 91.50% |
Correlation
The correlation between GBTG and HODL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.20 |
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Return for Risk
GBTG vs. HODL — Risk / Return Rank
GBTG
HODL
GBTG vs. HODL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Business Travel Group Inc (GBTG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GBTG | HODL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.82 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.89 | +2.05 |
| Martin ratioReturn relative to average drawdown | 2.72 | -1.45 | +4.17 |
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Drawdowns
GBTG vs. HODL - Drawdown Comparison
The maximum GBTG drawdown since its inception was -60.07%, which is greater than HODL's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for GBTG and HODL.
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Drawdown Indicators
| GBTG | HODL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.07% | -53.20% | -6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -40.41% | -53.20% | +12.79% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -56.00% | — | — |
Current DrawdownCurrent decline from peak | -14.70% | -50.44% | +35.74% |
Average DrawdownAverage peak-to-trough decline | -29.86% | -17.49% | -12.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.20% | 32.62% | -15.42% |
Volatility
GBTG vs. HODL - Volatility Comparison
The current volatility for Global Business Travel Group Inc (GBTG) is 0.77%, while VanEck Bitcoin Trust (HODL) has a volatility of 11.45%. This indicates that GBTG 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.
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Volatility by Period
| GBTG | HODL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 11.45% | -10.68% |
Volatility (6M)Calculated over the trailing 6-month period | 52.80% | 34.72% | +18.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.30% | 44.22% | +25.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.44% | 49.65% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.81% | 49.65% | -2.84% |
Dividends
GBTG vs. HODL - Dividend Comparison
Neither GBTG nor HODL has paid dividends to shareholders.
Frequently Asked Questions
GBTG and HODL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HODL has higher volatility (11.45%) compared to GBTG (0.77%). In terms of maximum drawdown, GBTG dropped -60.07% vs HODL's -53.20%.
GBTG currently has the higher Sharpe Ratio (0.68 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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