MBBB vs. HODL

Last updated Jun 4, 2026

MBBB (VanEck Moody's Analytics BBB Corporate Bond ETF) and HODL (VanEck Bitcoin Trust) are both exchange-traded funds - MBBB is a Corporate Bonds fund tracking the MVIS Moody's Analytics US BBB Corporate Bond Index, while HODL is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, MBBB returned 5.40% vs -38.56% for HODL. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

MBBB vs. HODL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) and VanEck Bitcoin Trust (HODL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBBB achieves a 0.43% return, which is significantly higher than HODL's -25.27% return.

MBBB

• 1D: -0.23%
• 1M: 0.71%
• YTD: 0.43%
• 6M: 0.32%
• 1Y: 5.40%
• 3Y*: 6.05%
• 5Y*: 1.11%
• 10Y*: —

HODL

• 1D: -2.79%
• 1M: -18.34%
• YTD: -25.27%
• 6M: -29.73%
• 1Y: -38.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MBBB vs. HODL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MBBB VanEck Moody's Analytics BBB Corporate Bond ETF	0.43%	7.64%	3.84%
HODL VanEck Bitcoin Trust	-25.27%	-6.42%	99.75%

Correlation

The correlation between MBBB and HODL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.13

Return for Risk

MBBB vs. HODL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MBBB

MBBB Risk / Return Rank: 37
MBBB Sharpe Ratio Rank: 36
MBBB Sortino Ratio Rank: 37
MBBB Omega Ratio Rank: 35
MBBB Calmar Ratio Rank: 37
MBBB Martin Ratio Rank: 38

HODL

HODL Risk / Return Rank: 2
HODL Sharpe Ratio Rank: 2
HODL Sortino Ratio Rank: 2
HODL Omega Ratio Rank: 2
HODL Calmar Ratio Rank: 2
HODL Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	1.31	-0.89	+2.20
Sortino ratio Return per unit of downside risk	1.92	-1.23	+3.15
Omega ratio Gain probability vs. loss probability	1.23	0.86	+0.37
Calmar ratio Return relative to maximum drawdown	1.82	-0.79	+2.60
Martin ratio Return relative to average drawdown	5.86	-1.36	+7.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBBB vs. HODL - Sharpe Ratio Comparison

The current MBBB Sharpe Ratio is 1.31, which is higher than the HODL Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of MBBB and HODL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MBBB	HODL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	-0.89	+2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.30	-0.12

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.

Drawdown Indicators

	MBBB	HODL	Difference
Max Drawdown Largest 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 (3Y) Largest decline over 3 years	-5.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.73%	—	—
Current Drawdown Current decline from peak	-0.97%	-47.93%	+46.96%
Average Drawdown Average peak-to-trough decline	-6.83%	-15.97%	+9.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	28.35%	-27.43%

Volatility

MBBB vs. HODL - Volatility Comparison

The current volatility for VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) is 1.52%, while VanEck Bitcoin Trust (HODL) has a volatility of 9.43%. 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.

Volatility by Period

	MBBB	HODL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	9.43%	-7.91%
Volatility (6M) Calculated over the trailing 6-month period	3.15%	34.37%	-31.22%
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	43.51%	-39.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.36%	49.88%	-43.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	49.88%	-43.65%

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%.

Dividends

MBBB vs. HODL - Dividend Comparison

MBBB's dividend yield for the trailing twelve months is around 5.08%, while HODL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
HODL VanEck Bitcoin Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MBBB VanEck Moody's Analytics BBB Corporate Bond ETF	5.08%	4.99%	4.93%	4.51%	3.22%	2.29%	0.19%

Frequently Asked Questions

Can I hold both MBBB and HODL in my portfolio?

MBBB and HODL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBBB or HODL?

HODL has higher volatility (9.43%) compared to MBBB (1.52%). In terms of maximum drawdown, MBBB dropped -21.73% vs HODL's -49.25%.

Which ETF is better, MBBB or HODL?

On 1-year performance, MBBB leads with 5.40% vs -38.56% for HODL. Both ETFs have the same 0.25% expense ratio. On volatility, MBBB has been the lower-risk option at 1.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MBBB or HODL?

Over the 1-year period, MBBB has performed better with a 5.40% return vs -38.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MBBB or HODL?

MBBB and HODL have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, MBBB or HODL?

MBBB has the higher dividend yield at 5.08%, compared with 0.00% for HODL.

What is the main difference between MBBB and HODL?

MBBB is categorized as Corporate Bonds, while HODL is Cryptocurrency. MBBB tracks MVIS Moody's Analytics US BBB Corporate Bond Index, while HODL tracks CME CF Bitcoin Reference Rate - New York Variant.

Which has better risk-adjusted returns?

MBBB currently has the higher Sharpe Ratio (1.31 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.