WGMI vs. HODL
Compare and contrast key facts about Valkyrie Bitcoin Miners ETF (WGMI) and VanEck Bitcoin Trust (HODL).
WGMI and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WGMI or HODL.
Correlation
The correlation between WGMI and HODL is 0.37, 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.
Performance
WGMI vs. HODL - Performance Comparison
Key characteristics
WGMI:
0.04
HODL:
1.23
WGMI:
0.68
HODL:
1.85
WGMI:
1.08
HODL:
1.22
WGMI:
0.07
HODL:
2.27
WGMI:
0.14
HODL:
4.97
WGMI:
31.33%
HODL:
12.81%
WGMI:
83.32%
HODL:
53.49%
WGMI:
-85.76%
HODL:
-28.07%
WGMI:
-49.64%
HODL:
-3.26%
Returns By Period
In the year-to-date period, WGMI achieves a -29.92% return, which is significantly lower than HODL's 10.49% return.
WGMI
-29.92%
19.07%
-41.38%
2.92%
N/A
N/A
HODL
10.49%
25.59%
34.52%
65.46%
N/A
N/A
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WGMI vs. HODL - Expense Ratio Comparison
WGMI has a 0.75% expense ratio, which is higher than HODL's 0.25% expense ratio.
Risk-Adjusted Performance
WGMI vs. HODL — Risk-Adjusted Performance Rank
WGMI
HODL
WGMI vs. HODL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Miners ETF (WGMI) 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.
Dividends
WGMI vs. HODL - Dividend Comparison
WGMI's dividend yield for the trailing twelve months is around 0.32%, while HODL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
WGMI Valkyrie Bitcoin Miners ETF | 0.32% | 0.22% | 0.31% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
WGMI vs. HODL - Drawdown Comparison
The maximum WGMI drawdown since its inception was -85.76%, which is greater than HODL's maximum drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for WGMI and HODL. For additional features, visit the drawdowns tool.
Volatility
WGMI vs. HODL - Volatility Comparison
Valkyrie Bitcoin Miners ETF (WGMI) has a higher volatility of 20.65% compared to VanEck Bitcoin Trust (HODL) at 10.48%. This indicates that WGMI's price experiences larger fluctuations and is considered to be riskier than HODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.