HODL vs. BITO
Compare and contrast key facts about VanEck Bitcoin Trust (HODL) and ProShares Bitcoin Strategy ETF (BITO).
HODL and BITO 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HODL or BITO.
Correlation
The correlation between HODL and BITO is 0.36, 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.
Performance
HODL vs. BITO - Performance Comparison
Key characteristics
HODL:
0.80
BITO:
0.63
HODL:
1.44
BITO:
1.24
HODL:
1.17
BITO:
1.14
HODL:
1.55
BITO:
1.11
HODL:
3.41
BITO:
2.52
HODL:
12.73%
BITO:
13.75%
HODL:
54.02%
BITO:
55.08%
HODL:
-28.07%
BITO:
-77.86%
HODL:
-10.58%
BITO:
-12.75%
Returns By Period
In the year-to-date period, HODL achieves a 2.13% return, which is significantly higher than BITO's 0.30% return.
HODL
2.13%
10.30%
42.90%
47.37%
N/A
N/A
BITO
0.30%
9.90%
38.09%
38.36%
N/A
N/A
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HODL vs. BITO - Expense Ratio Comparison
HODL has a 0.25% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
HODL vs. BITO — Risk-Adjusted Performance Rank
HODL
BITO
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.
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 66.60%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 66.60% | 61.58% | 15.14% |
Drawdowns
HODL vs. BITO - Drawdown Comparison
The maximum HODL drawdown since its inception was -28.07%, 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.
Volatility
HODL vs. BITO - Volatility Comparison
VanEck Bitcoin Trust (HODL) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 16.21% and 16.62%, 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.