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 51.53% vs -39.68% 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 22.61% return, which is significantly higher than HODL's -28.75% return.
GBTG
- 1D
- -0.11%
- 1M
- -0.64%
- YTD
- 22.61%
- 6M
- 22.29%
- 1Y
- 51.53%
- 3Y*
- 6.03%
- 5Y*
- -0.87%
- 10Y*
- —
HODL
- 1D
- -3.24%
- 1M
- -17.82%
- YTD
- -28.75%
- 6M
- -28.92%
- 1Y
- -39.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBTG vs. HODL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GBTG Global Business Travel Group Inc | 22.61% | -17.56% | 54.41% |
HODL VanEck Bitcoin Trust | -28.75% | -6.42% | 91.50% |
Correlation
The correlation between GBTG and HODL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
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 | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.86 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.77 | +2.05 |
| Martin ratioReturn relative to average drawdown | 3.00 | -1.30 | +4.31 |
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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 -51.96%. 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% | -51.96% | -8.11% |
Max Drawdown (1Y)Largest decline over 1 year | -40.41% | -51.96% | +11.55% |
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 | -14.88% | -50.35% | +35.47% |
Average DrawdownAverage peak-to-trough decline | -30.00% | -16.78% | -13.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.21% | 30.49% | -13.28% |
Volatility
GBTG vs. HODL - Volatility Comparison
The current volatility for Global Business Travel Group Inc (GBTG) is 2.09%, while VanEck Bitcoin Trust (HODL) has a volatility of 13.07%. 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 | 2.09% | 13.07% | -10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 53.77% | 34.59% | +19.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.53% | 44.11% | +25.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.44% | 49.89% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.02% | 49.89% | -2.87% |
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 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HODL has higher volatility (13.07%) compared to GBTG (2.09%). In terms of maximum drawdown, GBTG dropped -60.07% vs HODL's -51.96%.
GBTG currently has the higher Sharpe Ratio (0.75 vs -0.90), 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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