VBNB vs. BCDF

Last updated Jun 30, 2026

VBNB (VanEck BNB ETF) and BCDF (Horizon Kinetics Blockchain Development ETF) are both Cryptocurrency funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent.

Performance

VBNB vs. BCDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BNB ETF (VBNB) and Horizon Kinetics Blockchain Development ETF (BCDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VBNB

• 1D: -0.96%
• 1M: -12.62%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCDF

• 1D: -0.25%
• 1M: -8.73%
• YTD: -2.63%
• 6M: -3.96%
• 1Y: -1.52%
• 3Y*: 12.46%
• 5Y*: —
• 10Y*: —

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

VBNB vs. BCDF - Yearly Performance Comparison

	2026 (YTD)
VBNB VanEck BNB ETF	-12.60%
BCDF Horizon Kinetics Blockchain Development ETF	-9.09%

Correlation

The correlation between VBNB and BCDF is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.44

Return for Risk

VBNB vs. BCDF — Risk / Return Rank

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

VBNB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BCDF

BCDF Risk / Return Rank: 8
BCDF Sharpe Ratio Rank: 8
BCDF Sortino Ratio Rank: 8
BCDF Omega Ratio Rank: 8
BCDF Calmar Ratio Rank: 8
BCDF Martin Ratio Rank: 8

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.

VBNB vs. BCDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BNB ETF (VBNB) and Horizon Kinetics Blockchain Development ETF (BCDF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VBNB	BCDF	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.10	—
Sortino ratio: Return per unit of downside risk	—	-0.03	—
Omega ratio: Gain probability vs. loss probability	—	1.00	—
Calmar ratio: Return relative to maximum drawdown	—	-0.11	—
Martin ratio: Return relative to average drawdown	—	-0.36	—

Drawdowns

VBNB vs. BCDF - Drawdown Comparison

The maximum VBNB drawdown since its inception was -20.56%, smaller than the maximum BCDF drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for VBNB and BCDF.

Drawdown Indicators

	VBNB	BCDF	Difference
Max Drawdown Largest peak-to-trough decline	-20.56%	-27.70%	+7.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.02%	—
Current Drawdown Current decline from peak	-19.47%	-12.88%	-6.59%
Average Drawdown Average peak-to-trough decline	-12.91%	-9.81%	-3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.20%	—

Volatility

Volatility by Period

	VBNB	BCDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	58.97%	15.44%	+43.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.97%	16.99%	+41.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.97%	16.99%	+41.98%

Dividends

VBNB vs. BCDF - Dividend Comparison

VBNB has not paid dividends to shareholders, while BCDF's dividend yield for the trailing twelve months is around 2.59%.

Position	TTM	2025	2024	2023	2022
BCDF Horizon Kinetics Blockchain Development ETF	2.59%	2.53%	1.63%	0.69%	0.38%
VBNB VanEck BNB ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VBNB and BCDF in my portfolio?

VBNB and BCDF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, VBNB or BCDF?

BCDF has the higher dividend yield at 2.59%, compared with 0.00% for VBNB.

What is the main difference between VBNB and BCDF?

They also come from different issuers: VanEck and Horizon.