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HODL vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HODL vs. GBTC - Performance Comparison

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

-40.00%-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
43.52%
28.18%
HODL
GBTC

Returns By Period


HODL

YTD

N/A

1M

49.52%

6M

43.52%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

GBTC

YTD

127.82%

1M

49.29%

6M

28.18%

1Y

159.01%

5Y (annualized)

53.55%

10Y (annualized)

N/A

Key characteristics


HODLGBTC
Daily Std Dev57.36%58.45%
Max Drawdown-27.51%-89.91%
Current Drawdown0.00%0.00%

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Correlation

-0.50.00.51.01.0

The correlation between HODL and GBTC is 1.00, 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. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (BTC) (GBTC). 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
No data
HODL
GBTC

Chart placeholderNot enough data

Dividends

HODL vs. GBTC - Dividend Comparison

Neither HODL nor GBTC has paid dividends to shareholders.


TTM2023202220212020201920182017
HODL
VanEck Bitcoin Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GBTC
Grayscale Bitcoin Trust (BTC)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.23%

Drawdowns

HODL vs. GBTC - Drawdown Comparison

The maximum HODL drawdown since its inception was -27.51%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for HODL and GBTC. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
HODL
GBTC

Volatility

HODL vs. GBTC - Volatility Comparison

VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 18.07% and 17.87%, 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
18.07%
17.87%
HODL
GBTC