Performance analysis of VanEck Bitcoin Trust (HODL)
Annual Return
Since Jan 11, 2024, HODL has had an average annual return of +15%, underperforming the benchmark SPY, which returned +22.53% annual.
| 2026 | 2025 | 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| -25.23% | -6.42% | +99.75% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.16% | -21.73% | +3.29% | +12.74% | -3.89% | -10.94% | -25.23% | ||||||
| 2025 | +8.62% | -17.09% | -2.06% | +14.24% | +11.15% | +2.94% | +8.44% | -7.36% | +5.75% | -4.14% | -17.34% | -3.59% | -6.42% |
| 2024 | -8.98% | +45.78% | +14.41% | -16.82% | +14.51% | -11.31% | +8.83% | -10.18% | +8.27% | +10.20% | +38.69% | -3.71% | +99.75% |
Drawdown analysis of VanEck Bitcoin Trust (HODL)
The maximum drawdown for the HODL was -49.25%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The current HODL drawdown is -47.90%.
Since Jan 11, 2024 HODL has experienced the following drawdowns:
- 40% or more: 1 time
- 30% or more: 1 time
- 20% or more: 3 times
- 10% or more: 5 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.25% | Oct 6, 2025 | 84 | Feb 5, 2026 | Ongoing | Ongoing | Ongoing |
| -28.07% | Dec 17, 2024 | 75 | Apr 8, 2025 | 29 | May 20, 2025 | 104 |
| -27.51% | Mar 13, 2024 | 122 | Sep 6, 2024 | 43 | Nov 6, 2024 | 165 |
| -16.08% | Jan 11, 2024 | 7 | Jan 23, 2024 | 13 | Feb 9, 2024 | 20 |
| -11.96% | Aug 13, 2025 | 12 | Aug 29, 2025 | 25 | Oct 6, 2025 | 37 |
| -8.60% | Mar 4, 2024 | 1 | Mar 5, 2024 | 3 | Mar 8, 2024 | 4 |
| -8.44% | Nov 22, 2024 | 2 | Nov 26, 2024 | 7 | Dec 6, 2024 | 9 |
| -8.36% | May 22, 2025 | 9 | Jun 5, 2025 | 22 | Jul 9, 2025 | 31 |
| -5.66% | Jul 14, 2025 | 14 | Aug 1, 2025 | 8 | Aug 13, 2025 | 22 |
| -5.23% | Dec 6, 2024 | 1 | Dec 9, 2024 | 4 | Dec 13, 2024 | 5 |
| -2.47% | Nov 13, 2024 | 1 | Nov 14, 2024 | 1 | Nov 15, 2024 | 2 |
| -2.04% | Feb 20, 2024 | 1 | Feb 21, 2024 | 1 | Feb 22, 2024 | 2 |
| -1.85% | Feb 22, 2024 | 1 | Feb 23, 2024 | 1 | Feb 26, 2024 | 2 |
| -1.64% | Feb 12, 2024 | 1 | Feb 13, 2024 | 1 | Feb 14, 2024 | 2 |
| -0.97% | Mar 11, 2024 | 1 | Mar 12, 2024 | 1 | Mar 13, 2024 | 2 |
| -0.12% | Feb 14, 2024 | 1 | Feb 15, 2024 | 1 | Feb 16, 2024 | 2 |