HODL vs. BTC-USD
Compare and contrast key facts about VanEck Bitcoin Trust (HODL) and Bitcoin (BTC-USD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HODL or BTC-USD.
Correlation
The correlation between HODL and BTC-USD is 0.76, 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. BTC-USD - Performance Comparison
Key characteristics
HODL:
56.94%
BTC-USD:
44.23%
HODL:
-27.51%
BTC-USD:
-93.07%
HODL:
-4.14%
BTC-USD:
-3.83%
Returns By Period
The year-to-date returns for both stocks are quite close, with HODL having a 9.48% return and BTC-USD slightly lower at 9.26%.
HODL
9.48%
0.72%
81.25%
N/A
N/A
N/A
BTC-USD
9.26%
2.16%
80.02%
132.30%
66.08%
79.72%
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Risk-Adjusted Performance
HODL vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) and Bitcoin (BTC-USD). 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.
Drawdowns
HODL vs. BTC-USD - Drawdown Comparison
The maximum HODL drawdown since its inception was -27.51%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for HODL and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
HODL vs. BTC-USD - Volatility Comparison
VanEck Bitcoin Trust (HODL) has a higher volatility of 15.08% compared to Bitcoin (BTC-USD) at 12.91%. This indicates that HODL's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.