GRNB vs. HODL
Compare and contrast key facts about VanEck Green Bond ETF (GRNB) and VanEck Bitcoin Trust (HODL).
GRNB and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GRNB is a passively managed fund by VanEck that tracks the performance of the S&P Green Bond U.S. Dollar Select Index. It was launched on Mar 3, 2017. HODL is a passively managed fund by VanEck that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 4, 2024. Both GRNB and HODL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GRNB vs. HODL - Performance Comparison
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GRNB vs. HODL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRNB VanEck Green Bond ETF | -0.81% | 7.09% | 3.72% |
HODL VanEck Bitcoin Trust | -22.04% | -6.42% | 99.75% |
Returns By Period
In the year-to-date period, GRNB achieves a -0.81% return, which is significantly higher than HODL's -22.04% return.
GRNB
- 1D
- 0.06%
- 1M
- -1.51%
- YTD
- -0.81%
- 6M
- -0.03%
- 1Y
- 3.74%
- 3Y*
- 4.58%
- 5Y*
- 0.72%
- 10Y*
- —
HODL
- 1D
- 0.63%
- 1M
- -1.38%
- YTD
- -22.04%
- 6M
- -42.00%
- 1Y
- -19.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GRNB vs. HODL - Expense Ratio Comparison
GRNB has a 0.20% expense ratio, which is lower than HODL's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GRNB vs. HODL — Risk / Return Rank
GRNB
HODL
GRNB vs. HODL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Bond ETF (GRNB) 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.
| GRNB | HODL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | -0.44 | +1.52 |
Sortino ratioReturn per unit of downside risk | 1.53 | -0.37 | +1.90 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.96 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | -0.35 | +1.93 |
Martin ratioReturn relative to average drawdown | 6.43 | -0.75 | +7.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GRNB | HODL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | -0.44 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.37 | +0.07 |
Correlation
The correlation between GRNB and HODL is 0.10, 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.
Dividends
GRNB vs. HODL - Dividend Comparison
GRNB's dividend yield for the trailing twelve months is around 4.35%, while HODL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRNB VanEck Green Bond ETF | 4.35% | 4.18% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GRNB vs. HODL - Drawdown Comparison
The maximum GRNB drawdown since its inception was -18.08%, smaller than the maximum HODL drawdown of -49.25%. Use the drawdown chart below to compare losses from any high point for GRNB and HODL.
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Drawdown Indicators
| GRNB | HODL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -49.25% | +31.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -49.25% | +46.74% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | — | — |
Current DrawdownCurrent decline from peak | -1.80% | -45.67% | +43.87% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -14.14% | +9.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 23.20% | -22.59% |
Volatility
GRNB vs. HODL - Volatility Comparison
The current volatility for VanEck Green Bond ETF (GRNB) is 1.69%, while VanEck Bitcoin Trust (HODL) has a volatility of 12.99%. This indicates that GRNB 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
| GRNB | HODL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 12.99% | -11.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 36.72% | -34.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 45.07% | -41.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 50.90% | -45.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 50.90% | -46.00% |