Hashdex Bitcoin Futures ETF (DEFI)
DEFI is a passive ETF by Hashdex tracking the investment results of the HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index. DEFI launched on Sep 15, 2022 and has a 0.90% expense ratio.
ETF Info
US88634V1008
88634V100
Sep 15, 2022
1x
HDEFI – Hashdex U.S. Bitcoin Futures Fund Benchmark Index
Expense Ratio
DEFI has an expense ratio of 0.90%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Hashdex Bitcoin Futures ETF (DEFI) returned 10.11% year-to-date (YTD) and 54.71% over the past 12 months.
DEFI
10.11%
22.48%
17.04%
54.71%
N/A
N/A
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of DEFI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.78% | -16.84% | -1.97% | 14.34% | 9.60% | 10.11% | |||||||
| 2024 | -0.09% | 42.99% | 12.46% | -16.66% | 14.18% | -11.41% | 8.44% | -9.91% | 7.86% | 10.38% | 38.66% | -4.14% | 109.39% |
| 2023 | 40.67% | -0.02% | 22.34% | 1.90% | -8.15% | 12.80% | -5.17% | -11.52% | 2.72% | 27.34% | 7.98% | 10.17% | 137.18% |
| 2022 | -0.41% | 4.40% | -15.30% | -2.00% | -13.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, DEFI is among the top 14% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hashdex Bitcoin Futures ETF (DEFI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Hashdex Bitcoin Futures ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hashdex Bitcoin Futures ETF was 28.47%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Hashdex Bitcoin Futures ETF drawdown is 3.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.47% | Dec 18, 2024 | 75 | Apr 8, 2025 | — | — | — |
| -28.43% | Mar 14, 2024 | 99 | Aug 5, 2024 | 66 | Nov 6, 2024 | 165 |
| -25.83% | Nov 7, 2022 | 11 | Nov 21, 2022 | 37 | Jan 17, 2023 | 48 |
| -23.08% | Jul 14, 2023 | 41 | Sep 11, 2023 | 31 | Oct 24, 2023 | 72 |
| -20.7% | Feb 21, 2023 | 14 | Mar 10, 2023 | 4 | Mar 16, 2023 | 18 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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