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 0.74, 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:
0.45
BTC-USD:
0.76
HODL:
1.02
BTC-USD:
1.41
HODL:
1.12
BTC-USD:
1.14
HODL:
0.89
BTC-USD:
0.55
HODL:
1.96
BTC-USD:
3.60
HODL:
12.47%
BTC-USD:
11.11%
HODL:
53.95%
BTC-USD:
42.54%
HODL:
-27.51%
BTC-USD:
-93.07%
HODL:
-18.60%
BTC-USD:
-22.29%
Returns By Period
In the year-to-date period, HODL achieves a -7.03% return, which is significantly higher than BTC-USD's -11.71% return.
HODL
-7.03%
0.94%
44.30%
31.72%
N/A
N/A
BTC-USD
-11.71%
-4.16%
36.04%
26.03%
65.06%
77.84%
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Risk-Adjusted Performance
HODL vs. BTC-USD — Risk-Adjusted Performance Rank
HODL
BTC-USD
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 16.40% compared to Bitcoin (BTC-USD) at 15.22%. 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.