GENZ vs. HODL

Last updated Jun 4, 2026

GENZ (VanEck Digital Native Economy ETF) and HODL (VanEck Bitcoin Trust) are both exchange-traded funds - GENZ is a Technology Equities fund tracking the MarketVector Digital Native Economy Index, while HODL is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, GENZ returned -7.41% vs -38.56% for HODL. At a 0.30 correlation, their price movements are largely independent. GENZ charges 0.50%/yr vs 0.25%/yr for HODL.

Performance

GENZ vs. HODL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Digital Native Economy ETF (GENZ) and VanEck Bitcoin Trust (HODL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GENZ achieves a -15.11% return, which is significantly higher than HODL's -25.27% return.

GENZ

• 1D: -2.34%
• 1M: -4.97%
• YTD: -15.11%
• 6M: -15.40%
• 1Y: -7.41%
• 3Y*: -5.47%
• 5Y*: -7.13%
• 10Y*: 2.44%

HODL

• 1D: -2.79%
• 1M: -18.34%
• YTD: -25.27%
• 6M: -29.73%
• 1Y: -38.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GENZ vs. HODL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GENZ VanEck Digital Native Economy ETF	-15.11%	4.15%	2.11%
HODL VanEck Bitcoin Trust	-25.27%	-6.42%	99.75%

Correlation

The correlation between GENZ and HODL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.30

Return for Risk

GENZ vs. HODL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GENZ

GENZ Risk / Return Rank: 6
GENZ Sharpe Ratio Rank: 6
GENZ Sortino Ratio Rank: 5
GENZ Omega Ratio Rank: 5
GENZ Calmar Ratio Rank: 6
GENZ Martin Ratio Rank: 7

HODL

HODL Risk / Return Rank: 2
HODL Sharpe Ratio Rank: 2
HODL Sortino Ratio Rank: 2
HODL Omega Ratio Rank: 2
HODL Calmar Ratio Rank: 2
HODL Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GENZ vs. HODL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Digital Native Economy ETF (GENZ) 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.

	GENZ	HODL	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	-0.89	+0.50
Sortino ratio: Return per unit of downside risk	-0.44	-1.23	+0.78
Omega ratio: Gain probability vs. loss probability	0.95	0.86	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.28	-0.79	+0.50
Martin ratio: Return relative to average drawdown	-0.52	-1.36	+0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GENZ vs. HODL - Sharpe Ratio Comparison

The current GENZ Sharpe Ratio is -0.39, which is higher than the HODL Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of GENZ and HODL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GENZ	HODL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	-0.89	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.29	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.30	-0.25

Drawdowns

GENZ vs. HODL - Drawdown Comparison

The maximum GENZ drawdown since its inception was -71.12%, which is greater than HODL's maximum drawdown of -49.25%. Use the drawdown chart below to compare losses from any high point for GENZ and HODL.

Drawdown Indicators

	GENZ	HODL	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-49.25%	-21.87%
Max Drawdown (1Y) Largest decline over 1 year	-26.40%	-49.25%	+22.85%
Max Drawdown (3Y) Largest decline over 3 years	-26.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.43%	—	—
Current Drawdown Current decline from peak	-33.35%	-47.93%	+14.58%
Average Drawdown Average peak-to-trough decline	-24.54%	-15.97%	-8.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.22%	28.35%	-14.13%

Volatility

GENZ vs. HODL - Volatility Comparison

The current volatility for VanEck Digital Native Economy ETF (GENZ) is 5.56%, while VanEck Bitcoin Trust (HODL) has a volatility of 9.43%. This indicates that GENZ 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.

Volatility by Period

	GENZ	HODL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	9.43%	-3.87%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	34.37%	-19.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.01%	43.51%	-24.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.49%	49.88%	-25.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.11%	49.88%	-24.77%

GENZ vs. HODL - Expense Ratio Comparison

GENZ has a 0.50% expense ratio, which is higher than HODL's 0.25% expense ratio.

Dividends

GENZ vs. HODL - Dividend Comparison

GENZ's dividend yield for the trailing twelve months is around 3.93%, while HODL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GENZ VanEck Digital Native Economy ETF	3.93%	3.34%	2.88%	1.68%	0.44%	0.79%	0.47%	2.95%	3.43%	2.31%	3.15%	4.09%
HODL VanEck Bitcoin Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GENZ and HODL in my portfolio?

GENZ and HODL have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENZ or HODL?

HODL has higher volatility (9.43%) compared to GENZ (5.56%). In terms of maximum drawdown, GENZ dropped -71.12% vs HODL's -49.25%.

Which ETF is better, GENZ or HODL?

On 1-year performance, GENZ leads with -7.41% vs -38.56% for HODL. On fees, HODL is cheaper at 0.25% per year. On volatility, GENZ has been the lower-risk option at 5.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENZ or HODL?

Over the 1-year period, GENZ has performed better with a -7.41% return vs -38.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENZ or HODL?

HODL is cheaper with a 0.25% expense ratio, compared with 0.50% for GENZ.

Which ETF pays a higher dividend yield, GENZ or HODL?

GENZ has the higher dividend yield at 3.93%, compared with 0.00% for HODL.

What is the main difference between GENZ and HODL?

GENZ is categorized as Technology Equities, while HODL is Cryptocurrency. GENZ tracks MarketVector Digital Native Economy Index, while HODL tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.50% for GENZ and 0.25% for HODL.

Which has better risk-adjusted returns?

GENZ currently has the higher Sharpe Ratio (-0.39 vs -0.89), 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.