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.
Key characteristics
| HODL | BTC-USD | |
|---|---|---|
| Daily Std Dev | 57.99% | 44.51% |
| Max Drawdown | -27.51% | -93.07% |
| Current Drawdown | 0.00% | -0.84% |
Correlation
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.
Performance
HODL vs. BTC-USD - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 18.52% compared to Bitcoin (BTC-USD) at 16.08%. 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.