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

Key characteristics


HODLGBTC
Daily Std Dev57.99%59.35%
Max Drawdown-27.51%-89.91%
Current Drawdown0.00%0.00%

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.

Performance

HODL vs. GBTC - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
35.64%
21.10%
HODL
GBTC

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


HODL
Sharpe ratio
No data
GBTC
Sharpe ratio
The chart of Sharpe ratio for GBTC, currently valued at 2.32, compared to the broader market-2.000.002.004.006.002.32
Sortino ratio
The chart of Sortino ratio for GBTC, currently valued at 2.80, compared to the broader market-2.000.002.004.006.008.0010.0012.002.80
Omega ratio
The chart of Omega ratio for GBTC, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for GBTC, currently valued at 2.67, compared to the broader market0.005.0010.0015.002.67
Martin ratio
The chart of Martin ratio for GBTC, currently valued at 8.91, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.91

HODL vs. GBTC - Sharpe Ratio Comparison


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 18.00% and 17.76%, 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
18.00%
17.76%
HODL
GBTC