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HODL vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Performance

HODL vs. BTC-USD - Performance Comparison

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

-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
43.52%
42.92%
HODL
BTC-USD

Returns By Period


HODL

YTD

N/A

1M

49.52%

6M

43.52%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

BTC-USD

YTD

134.23%

1M

49.02%

6M

44.47%

1Y

165.48%

5Y (annualized)

69.63%

10Y (annualized)

74.63%

Key characteristics


HODLBTC-USD
Daily Std Dev57.36%44.09%
Max Drawdown-27.51%-93.07%
Current Drawdown0.00%0.00%

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Correlation

-0.50.00.51.00.8

The correlation between HODL and BTC-USD is 0.75, 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.

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.


Sharpe ratio
The chart of Sharpe ratio for HODL, currently valued at 1.20, compared to the broader market0.002.004.001.201.24
The chart of Sortino ratio for HODL, currently valued at 1.95, compared to the broader market-2.000.002.004.006.008.0010.0012.001.951.95
The chart of Omega ratio for HODL, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.19
The chart of Calmar ratio for HODL, currently valued at 1.09, compared to the broader market0.005.0010.0015.0020.001.091.11
The chart of Martin ratio for HODL, currently valued at 5.80, compared to the broader market0.0020.0040.0060.0080.00100.005.805.79
HODL
BTC-USD

Rolling 12-month Sharpe Ratio0.600.801.001.201.401.601.80Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17
1.20
1.24
HODL
BTC-USD

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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
HODL
BTC-USD

Volatility

HODL vs. BTC-USD - Volatility Comparison

VanEck Bitcoin Trust (HODL) has a higher volatility of 18.52% compared to Bitcoin (BTC-USD) at 16.59%. 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
18.52%
16.59%
HODL
BTC-USD