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HODL vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HODL and BITO 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.


-0.50.00.51.0
Correlation: 1.0

Performance

HODL vs. BITO - Performance Comparison

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

20.00%40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
85.71%
72.94%
HODL
BITO

Key characteristics

Sharpe Ratio

HODL:

0.45

BITO:

0.30

Sortino Ratio

HODL:

1.02

BITO:

0.82

Omega Ratio

HODL:

1.12

BITO:

1.09

Calmar Ratio

HODL:

0.89

BITO:

0.52

Martin Ratio

HODL:

1.96

BITO:

1.17

Ulcer Index

HODL:

12.47%

BITO:

13.93%

Daily Std Dev

HODL:

53.95%

BITO:

54.95%

Max Drawdown

HODL:

-27.51%

BITO:

-77.86%

Current Drawdown

HODL:

-18.60%

BITO:

-20.40%

Returns By Period

In the year-to-date period, HODL achieves a -7.03% return, which is significantly higher than BITO's -8.50% return.


HODL

YTD

-7.03%

1M

0.94%

6M

44.30%

1Y

31.72%

5Y*

N/A

10Y*

N/A

BITO

YTD

-8.50%

1M

0.52%

6M

39.36%

1Y

23.21%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HODL vs. BITO - Expense Ratio Comparison

HODL has a 0.25% expense ratio, which is lower than BITO's 0.95% expense ratio.


BITO
ProShares Bitcoin Strategy ETF
Expense ratio chart for BITO: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BITO: 0.95%
Expense ratio chart for HODL: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HODL: 0.25%

Risk-Adjusted Performance

HODL vs. BITO — Risk-Adjusted Performance Rank

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

HODL
The Risk-Adjusted Performance Rank of HODL is 5656
Overall Rank
The Sharpe Ratio Rank of HODL is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of HODL is 6262
Sortino Ratio Rank
The Omega Ratio Rank of HODL is 5656
Omega Ratio Rank
The Calmar Ratio Rank of HODL is 7070
Calmar Ratio Rank
The Martin Ratio Rank of HODL is 5050
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 4444
Overall Rank
The Sharpe Ratio Rank of BITO is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 5151
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 4646
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 5252
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HODL vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) and ProShares Bitcoin Strategy ETF (BITO). 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.


Sharpe ratio
The chart of Sharpe ratio for HODL, currently valued at 0.45, compared to the broader market-1.000.001.002.003.004.005.00
HODL: 0.45
BITO: 0.30
The chart of Sortino ratio for HODL, currently valued at 1.02, compared to the broader market-2.000.002.004.006.008.0010.0012.00
HODL: 1.02
BITO: 0.82
The chart of Omega ratio for HODL, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.00
HODL: 1.12
BITO: 1.09
The chart of Calmar ratio for HODL, currently valued at 0.89, compared to the broader market0.005.0010.0015.00
HODL: 0.89
BITO: 0.55
The chart of Martin ratio for HODL, currently valued at 1.96, compared to the broader market0.0020.0040.0060.0080.00100.00
HODL: 1.96
BITO: 1.17

The current HODL Sharpe Ratio is 0.45, which is higher than the BITO Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of HODL and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30
0.45
0.30
HODL
BITO

Dividends

HODL vs. BITO - Dividend Comparison

HODL has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 73.01%.


TTM20242023
HODL
VanEck Bitcoin Trust
0.00%0.00%0.00%
BITO
ProShares Bitcoin Strategy ETF
73.01%61.59%15.14%

Drawdowns

HODL vs. BITO - Drawdown Comparison

The maximum HODL drawdown since its inception was -27.51%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for HODL and BITO. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-18.60%
-20.40%
HODL
BITO

Volatility

HODL vs. BITO - Volatility Comparison

VanEck Bitcoin Trust (HODL) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 16.50% and 17.04%, 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.


10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.50%
17.04%
HODL
BITO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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