- Issuer
- Hilton
- Inception Date
- Jun 10, 2025
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $85M
Share Price Chart
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Performance
HBDC Performance Chart
Hilton BDC Corporate Bond ETF (HBDC) is up 0.4% since the beginning of the year. HBDC is currently trading at $25 per share.
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Returns By Period
Hilton BDC Corporate Bond ETF (HBDC) has returned 0.35% so far this year and 3.74% over the past 12 months.
Hilton BDC Corporate Bond ETF
- 1D
- 0.01%
- 1M
- 0.45%
- YTD
- 0.35%
- 6M
- 0.68%
- 1Y
- 3.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
HBDC Monthly Returns History
Based on dividend-adjusted daily data since Jun 11, 2025, HBDC's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +1.4%, while the worst month was Mar 2026 at -0.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HBDC closed higher 51% of trading days. The best single day was Dec 30, 2025 with a return of +0.8%, while the worst single day was Dec 31, 2025 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.02% | -0.84% | -0.84% | 1.41% | 0.46% | 0.19% | 0.35% | ||||||
| 2025 | -0.43% | 0.69% | 1.01% | 0.59% | -0.04% | 0.40% | 0.58% | 2.83% |
Benchmark Metrics
Hilton BDC Corporate Bond ETF has an annualized alpha of 1.63%, beta of 0.07, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since June 11, 2025.
- This ETF participated in 12.29% of S&P 500 Index downside but only 11.81% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.09 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.09 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.63%
- Beta
- 0.07
- R²
- 0.09
- Upside Capture
- 11.81%
- Downside Capture
- 12.29%
Expense Ratio
HBDC has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HBDC ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Hilton BDC Corporate Bond ETF (HBDC) and compare them to S&P 500 Index.
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.
| HBDC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.66 | -1.36 |
| Martin ratioReturn relative to average drawdown | 4.06 | 11.86 | -7.81 |
Dividends
Dividend History
Hilton BDC Corporate Bond ETF provided a 4.51% dividend yield over the last twelve months, with an annual payout of $1.12 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.12 | $0.61 |
Dividend yield | 4.51% | 2.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Hilton BDC Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.08 | $0.10 | $0.11 | $0.11 | $0.11 | $0.00 | $0.51 | ||||||
| 2025 | $0.12 | $0.09 | $0.08 | $0.11 | $0.08 | $0.13 | $0.61 |
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 Hilton BDC Corporate Bond 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 Hilton BDC Corporate Bond ETF was 2.96%, occurring on Mar 20, 2026. The portfolio has not yet recovered.
The current Hilton BDC Corporate Bond ETF drawdown is 0.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.96%Mar 2026 | 2mo 19d | — | 5mo 23dDec 2025 - now |
2025 selloff2025 | -1.32%Jun 2025 | 5d | 1mo 5d | 1mo 10dJun 2025 - Jul 2025 |
2025 pullback2025 | -0.71%Oct 2025 | 6d | 1mo 14d | 1mo 20dOct 2025 - Nov 2025 |
2025 pullback2025 | -0.39%Sep 2025 | 9d | 5d | 14dSep 2025 - Oct 2025 |
2025 pullback2025 | -0.32%Dec 2025 | 3d | 17d | 20dNov 2025 - Dec 2025 |
Drawdown Indicators
| HBDC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.96% | -56.78% | +53.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -9.10% | +6.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.29% | -2.49% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -10.72% | +10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.03% | -1.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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