GLIN vs. HODL
GLIN (VanEck Vectors India Growth Leaders ETF) and HODL (VanEck Bitcoin Trust) are both exchange-traded funds - GLIN is a India Equities fund tracking the MarketGrader India All-Cap Growth Leaders 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, GLIN returned 2.61% vs -44.45% for HODL. Their 0.23 correlation means their historical movements had little consistent relationship. GLIN charges 0.82%/yr vs 0.25%/yr for HODL.
Performance
GLIN vs. HODL - Performance Comparison
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Returns By Period
In the year-to-date period, GLIN achieves a -1.80% return, which is significantly higher than HODL's -28.10% return.
GLIN
- 1D
- 0.73%
- 1M
- -1.96%
- 6M
- -0.12%
- YTD
- -1.80%
- 1Y
- 2.61%
- 3Y*
- 8.41%
- 5Y*
- 3.80%
- 10Y*
- 1.28%
- ALL TIME*
- -2.36%
HODL
- 1D
- -2.89%
- 1M
- 2.36%
- 6M
- -24.98%
- YTD
- -28.10%
- 1Y
- -44.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $408.40K | $392.00K | $454.19K | |
| $17.01M | $17.34M | $23.05M |
GLIN vs. HODL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | -1.80% | -5.47% | 15.20% |
HODL VanEck Bitcoin Trust | -28.10% | -6.42% | 91.50% |
Correlation
The correlation between GLIN and HODL is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
GLIN vs. HODL — Risk / Return Rank
GLIN
HODL
GLIN vs. HODL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) 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.
| GLIN | HODL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.83 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.87 | +1.04 |
| Martin ratioReturn relative to average drawdown | 0.59 | -1.34 | +1.93 |
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Drawdowns
GLIN vs. HODL - Drawdown Comparison
The maximum GLIN drawdown since its inception was -79.36%, which is greater than HODL's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for GLIN and HODL.
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Drawdown Indicators
| GLIN | HODL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.36% | -53.20% | -26.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.07% | -53.20% | +36.13% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.80% | — | — |
Current DrawdownCurrent decline from peak | -44.18% | -49.90% | +5.72% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -18.17% | -32.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 34.56% | -29.81% |
Volatility
GLIN vs. HODL - Volatility Comparison
The current volatility for VanEck Vectors India Growth Leaders ETF (GLIN) is 4.79%, while VanEck Bitcoin Trust (HODL) has a volatility of 9.14%. This indicates that GLIN 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
| GLIN | HODL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 9.14% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.62% | 33.71% | -18.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 44.31% | -26.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 49.28% | -30.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.64% | 49.28% | -25.64% |
GLIN vs. HODL - Expense Ratio Comparison
GLIN has a 0.82% expense ratio, which is higher than HODL's 0.25% expense ratio.
Dividends
GLIN vs. HODL - Dividend Comparison
GLIN's dividend yield for the trailing twelve months is around 0.86%, while HODL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.86% | 0.84% | 3.58% | 0.96% | 1.70% | 0.00% | 0.24% | 1.42% | 0.12% | 0.10% | 1.39% | 3.11% |
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
GLIN and HODL have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HODL has higher volatility (9.14%) compared to GLIN (4.79%). In terms of maximum drawdown, GLIN dropped -79.36% vs HODL's -53.20%.
On 1-year performance, GLIN leads with 2.61% vs -44.45% for HODL. On fees, HODL is cheaper at 0.25% per year. On volatility, GLIN has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GLIN has performed better with a 2.61% return vs -44.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HODL is cheaper with a 0.25% expense ratio, compared with 0.82% for GLIN.
GLIN has the higher dividend yield at 0.86%, compared with 0.00% for HODL.
GLIN is categorized as India Equities, while HODL is Cryptocurrency. GLIN tracks MarketGrader India All-Cap Growth Leaders Index, while HODL tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.82% for GLIN and 0.25% for HODL.
GLIN currently has the higher Sharpe Ratio (0.16 vs -1.05), 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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