Fortuna Hedged Bitcoin ETF (HBTC) belongs to the Blockchain category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HBTC. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HBTC
HBTC charges 1.75% annually. There are 37 ETFs in the Blockchain category with lower expense ratios, going as low as 0.21%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| 21Shares Solana ETF | 0.21% | 2.60M | Nov 2025 | HBTC vs TSOL | |
| Invesco Galaxy Solana ETF | 0.25% | — | Dec 2025 | HBTC vs QSOL | |
| VanEck Solana ETF | 0.30% | 13.08M | Oct 2025 | HBTC vs VSOL | |
| 21Shares XRP ETF | 0.30% | 153.97M | Dec 2025 | HBTC vs TOXR | |
| Schwab Crypto Thematic ETF | 0.30% | 304.90M | Aug 2022 | HBTC vs STCE |
Best Risk-Adjusted Alternatives to HBTC
HBTC has a PortfoliosLab risk / return rank of 1. There are 23 ETFs in the Blockchain category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 92 | 87.41M | Sep 2024 | HBTC vs HECO | |
| State Street Galaxy Digital Asset Ecosystem ETF | 91 | 22.65M | Sep 2024 | HBTC vs DECO | |
| First Trust Indxx Innovative Transaction & Process... | 53 | 131.96M | Jan 2018 | HBTC vs LEGR | |
| Grayscale Bitcoin Miners ETF | 47 | 20.37M | Jan 2025 | HBTC vs MNRS | |
| VanEck Onchain Economy ETF | 39 | — | May 2025 | HBTC vs NODE |
Top Performing HBTC Alternatives (YTD)
HBTC is at -24.27% YTD. There are 22 ETFs in the Blockchain category with higher YTD returns, going as high as 201.60%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Tradr 2X Long CORZ Daily ETF | 201.60% | — | Nov 2025 | HBTC vs COZX | |
| T-REX 2X Long CIFR Daily Target ETF | 94.41% | 21.30M | Nov 2025 | HBTC vs CIFU | |
| State Street Galaxy Digital Asset Ecosystem ETF | 79.33% | 22.65M | Sep 2024 | HBTC vs DECO | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 72.76% | 87.41M | Sep 2024 | HBTC vs HECO | |
| Grayscale Bitcoin Miners ETF | 58.97% | 20.37M | Jan 2025 | HBTC vs MNRS |
Lowest Volatility Alternatives to HBTC
HBTC has 28.29% 1-year volatility. There are 4 ETFs in the Blockchain category with lower 1-year volatility, going as low as 14.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Indxx Innovative Transaction & Process... | 14.54% | 131.96M | Jan 2018 | HBTC vs LEGR | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 17.78% | — | Feb 2025 | HBTC vs CBXJ | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 27.04% | — | Feb 2025 | HBTC vs CBTJ | |
| Innovator Uncapped Bitcoin 20 Floor ETF - Quarterl... | 27.20% | — | Feb 2025 | HBTC vs QBF | |
| ARK Fintech Innovation ETF | 33.47% | 834.90M | Feb 2019 | HBTC vs ARKF |
Lowest Drawdown Alternatives to HBTC
HBTC has a 1-year max drawdown of -40.19%. There are 9 ETFs in the Blockchain category with shallower 1-year drawdowns, going as shallow as -10.40%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Indxx Innovative Transaction & Process... | -10.40% | 131.96M | Jan 2018 | HBTC vs LEGR | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | -21.03% | 87.41M | Sep 2024 | HBTC vs HECO | |
| State Street Galaxy Digital Asset Ecosystem ETF | -25.60% | 22.65M | Sep 2024 | HBTC vs DECO | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | -29.25% | — | Feb 2025 | HBTC vs CBXJ | |
| Siren ETF Trust Siren Nasdaq NexGen Economy ETF | -29.53% | 38.44M | Jan 2018 | HBTC vs BLCN |
Often Compared With HBTC
Investors most often compare HBTC with SOLT, FDIG, OWNB. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare HBTC with Any Fund or Stock
Compare HBTC with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HBTC with funds that move differently
Fortuna Hedged Bitcoin ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HBTC.
Explore HBTC Diversifiers