HODL vs. BITB
Compare and contrast key facts about VanEck Bitcoin Trust (HODL) and Bitwise Bitcoin ETF (BITB).
HODL and BITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BITB is a passively managed fund by Bitwise Asset Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. Both HODL and BITB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HODL or BITB.
Correlation
The correlation between HODL and BITB is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HODL vs. BITB - Performance Comparison
Key characteristics
HODL:
0.37
BITB:
0.36
HODL:
0.91
BITB:
0.91
HODL:
1.10
BITB:
1.10
HODL:
0.72
BITB:
0.71
HODL:
1.58
BITB:
1.56
HODL:
12.43%
BITB:
12.53%
HODL:
53.94%
BITB:
54.09%
HODL:
-27.51%
BITB:
-27.44%
HODL:
-20.35%
BITB:
-20.42%
Returns By Period
The year-to-date returns for both investments are quite close, with HODL having a -9.03% return and BITB slightly higher at -9.01%.
HODL
-9.03%
1.01%
37.61%
21.77%
N/A
N/A
BITB
-9.01%
0.94%
37.54%
21.54%
N/A
N/A
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HODL vs. BITB - Expense Ratio Comparison
HODL has a 0.25% expense ratio, which is higher than BITB's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
HODL vs. BITB — Risk-Adjusted Performance Rank
HODL
BITB
HODL vs. BITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) and Bitwise Bitcoin ETF (BITB). 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.
Dividends
HODL vs. BITB - Dividend Comparison
Neither HODL nor BITB has paid dividends to shareholders.
Drawdowns
HODL vs. BITB - Drawdown Comparison
The maximum HODL drawdown since its inception was -27.51%, roughly equal to the maximum BITB drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for HODL and BITB. For additional features, visit the drawdowns tool.
Volatility
HODL vs. BITB - Volatility Comparison
VanEck Bitcoin Trust (HODL) and Bitwise Bitcoin ETF (BITB) have volatilities of 16.37% and 16.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.