MBBB vs. HODL
Compare and contrast key facts about VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) and VanEck Bitcoin Trust (HODL).
MBBB and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBBB is a passively managed fund by VanEck that tracks the performance of the MVIS Moody's Analytics US BBB Corporate Bond Index. It was launched on Dec 1, 2020. 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. Both MBBB and HODL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MBBB vs. HODL - Performance Comparison
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MBBB vs. HODL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MBBB VanEck Moody's Analytics BBB Corporate Bond ETF | -0.46% | 7.64% | 3.84% |
HODL VanEck Bitcoin Trust | -22.04% | -6.42% | 99.75% |
Returns By Period
In the year-to-date period, MBBB achieves a -0.46% return, which is significantly higher than HODL's -22.04% return.
MBBB
- 1D
- 0.02%
- 1M
- -1.49%
- YTD
- -0.46%
- 6M
- -0.20%
- 1Y
- 4.55%
- 3Y*
- 5.48%
- 5Y*
- 1.23%
- 10Y*
- —
HODL
- 1D
- 0.63%
- 1M
- -1.38%
- YTD
- -22.04%
- 6M
- -42.00%
- 1Y
- -19.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MBBB vs. HODL - Expense Ratio Comparison
Both MBBB and HODL 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%.
Return for Risk
MBBB vs. HODL — Risk / Return Rank
MBBB
HODL
MBBB vs. HODL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) and VanEck Bitcoin Trust (HODL). 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.
| MBBB | HODL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | -0.44 | +1.35 |
Sortino ratioReturn per unit of downside risk | 1.27 | -0.37 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.17 | 0.96 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.35 | +1.96 |
Martin ratioReturn relative to average drawdown | 5.19 | -0.75 | +5.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MBBB | HODL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | -0.44 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.37 | -0.21 |
Correlation
The correlation between MBBB and HODL is 0.12, 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.
Dividends
MBBB vs. HODL - Dividend Comparison
MBBB's dividend yield for the trailing twelve months is around 5.01%, while HODL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MBBB VanEck Moody's Analytics BBB Corporate Bond ETF | 5.01% | 4.99% | 4.93% | 4.51% | 3.22% | 2.29% | 0.19% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MBBB vs. HODL - Drawdown Comparison
The maximum MBBB drawdown since its inception was -21.73%, smaller than the maximum HODL drawdown of -49.25%. Use the drawdown chart below to compare losses from any high point for MBBB and HODL.
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Drawdown Indicators
| MBBB | HODL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.73% | -49.25% | +27.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -49.25% | +46.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -45.67% | +43.82% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -14.14% | +7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 23.20% | -22.28% |
Volatility
MBBB vs. HODL - Volatility Comparison
The current volatility for VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) is 2.11%, while VanEck Bitcoin Trust (HODL) has a volatility of 12.99%. This indicates that MBBB experiences smaller price fluctuations and is considered to be less risky than HODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBBB | HODL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 12.99% | -10.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 36.72% | -33.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 45.07% | -40.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 50.90% | -44.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 50.90% | -44.62% |