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WGMI vs. HODL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

WGMI vs. HODL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valkyrie Bitcoin Miners ETF (WGMI) and VanEck Bitcoin Trust (HODL). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
50.73%
41.89%
WGMI
HODL

Returns By Period


WGMI

YTD

43.28%

1M

13.71%

6M

59.49%

1Y

161.67%

5Y (annualized)

N/A

10Y (annualized)

N/A

HODL

YTD

N/A

1M

45.55%

6M

46.31%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


WGMIHODL
Daily Std Dev88.35%57.48%
Max Drawdown-85.76%-27.51%
Current Drawdown-14.40%0.00%

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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.


WGMI
Valkyrie Bitcoin Miners ETF
Expense ratio chart for WGMI: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for HODL: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Correlation

-0.50.00.51.00.6

The correlation between WGMI and HODL is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for WGMI, currently valued at 1.94, compared to the broader market0.002.004.001.94
The chart of Sortino ratio for WGMI, currently valued at 2.56, compared to the broader market-2.000.002.004.006.008.0010.002.56
The chart of Omega ratio for WGMI, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.001.29
The chart of Calmar ratio for WGMI, currently valued at 2.62, compared to the broader market0.005.0010.0015.002.62
The chart of Martin ratio for WGMI, currently valued at 6.67, compared to the broader market0.0020.0040.0060.0080.00100.006.67
WGMI
HODL

Chart placeholderNot enough data

Dividends

WGMI vs. HODL - Dividend Comparison

WGMI's dividend yield for the trailing twelve months is around 0.21%, while HODL has not paid dividends to shareholders.


TTM2023
WGMI
Valkyrie Bitcoin Miners ETF
0.21%0.31%
HODL
VanEck Bitcoin Trust
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 -27.51%. Use the drawdown chart below to compare losses from any high point for WGMI and HODL. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-14.40%
0
WGMI
HODL

Volatility

WGMI vs. HODL - Volatility Comparison

Valkyrie Bitcoin Miners ETF (WGMI) has a higher volatility of 30.09% compared to VanEck Bitcoin Trust (HODL) at 18.09%. 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.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
30.09%
18.09%
WGMI
HODL