VBNB vs. MSBT

Last updated Jun 30, 2026

VBNB (VanEck BNB ETF) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. VBNB is actively managed, while MSBT is passively managed. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

VBNB vs. MSBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck BNB ETF (VBNB) and Morgan Stanley Bitcoin Trust (MSBT). 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*: —

MSBT

• 1D: 1.05%
• 1M: -17.85%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VBNB vs. MSBT - Yearly Performance Comparison

	2026 (YTD)
VBNB VanEck BNB ETF	-12.60%
MSBT Morgan Stanley Bitcoin Trust	-19.42%

Correlation

The correlation between VBNB and MSBT is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.79

Return for Risk

VBNB vs. MSBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck BNB ETF (VBNB) and Morgan Stanley Bitcoin Trust (MSBT). 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.

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

Drawdowns

VBNB vs. MSBT - Drawdown Comparison

The maximum VBNB drawdown since its inception was -20.56%, smaller than the maximum MSBT drawdown of -27.86%. Use the drawdown chart below to compare losses from any high point for VBNB and MSBT.

Drawdown Indicators

	VBNB	MSBT	Difference
Max Drawdown Largest peak-to-trough decline	-20.56%	-27.86%	+7.30%
Current Drawdown Current decline from peak	-19.47%	-26.41%	+6.94%
Average Drawdown Average peak-to-trough decline	-12.91%	-9.79%	-3.12%

Volatility

Volatility by Period

	VBNB	MSBT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	58.97%	36.81%	+22.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.97%	36.81%	+22.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.97%	36.81%	+22.16%

Dividends

VBNB vs. MSBT - Dividend Comparison

Neither VBNB nor MSBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VBNB and MSBT in my portfolio?

VBNB and MSBT have a correlation of 0.79, 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 MSBT?

VBNB and MSBT have nearly identical dividend yields, around 0.00%.

What is the main difference between VBNB and MSBT?

They also come from different issuers: VanEck and Morgan Stanley.