Correlation
The correlation between HODL and IBIT is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
HODL vs. IBIT
Compare and contrast key facts about VanEck Bitcoin Trust (HODL) and iShares Bitcoin Trust (IBIT).
HODL and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. Both HODL and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HODL or IBIT.
Performance
HODL vs. IBIT - Performance Comparison
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Key characteristics
HODL:
1.00
IBIT:
0.99
HODL:
1.65
IBIT:
1.63
HODL:
1.20
IBIT:
1.19
HODL:
1.89
IBIT:
1.86
HODL:
4.14
IBIT:
4.07
HODL:
12.82%
IBIT:
12.91%
HODL:
52.54%
IBIT:
53.01%
HODL:
-28.07%
IBIT:
-28.22%
HODL:
-5.91%
IBIT:
-5.96%
Returns By Period
The year-to-date returns for both investments are quite close, with HODL having a 12.00% return and IBIT slightly higher at 12.08%.
HODL
12.00%
11.15%
7.85%
52.30%
N/A
N/A
N/A
IBIT
12.08%
11.12%
7.70%
51.84%
N/A
N/A
N/A
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HODL vs. IBIT - Expense Ratio Comparison
Both HODL and IBIT have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
HODL vs. IBIT — Risk-Adjusted Performance Rank
HODL
IBIT
HODL vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) and iShares Bitcoin Trust (IBIT). 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.
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Dividends
HODL vs. IBIT - Dividend Comparison
Neither HODL nor IBIT has paid dividends to shareholders.
Drawdowns
HODL vs. IBIT - Drawdown Comparison
The maximum HODL drawdown since its inception was -28.07%, roughly equal to the maximum IBIT drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for HODL and IBIT.
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Volatility
HODL vs. IBIT - Volatility Comparison
VanEck Bitcoin Trust (HODL) and iShares Bitcoin Trust (IBIT) have volatilities of 9.37% and 9.41%, 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.
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