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 43 ETFs in the Blockchain category with lower expense ratios, going as low as 0.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Franklin XRP ETF | 0.19% | — | Nov 2025 | HBTC vs XRPZ | |
| 21Shares Solana ETF | 0.21% | 3.05M | Nov 2025 | HBTC vs TSOL | |
| Invesco Galaxy Solana ETF | 0.25% | — | Dec 2025 | HBTC vs QSOL | |
| Schwab Crypto Thematic ETF | 0.30% | 224.98M | Aug 2022 | HBTC vs STCE | |
| VanEck Solana ETF | 0.30% | 14.16M | Oct 2025 | HBTC vs VSOL |
Best Risk-Adjusted Alternatives to HBTC
HBTC has a PortfoliosLab risk / return rank of 1. There are 22 ETFs in the Blockchain category with higher risk-adjusted ranks, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 85 | 83.37M | Sep 2024 | HBTC vs HECO | |
| State Street Galaxy Digital Asset Ecosystem ETF | 80 | 20.86M | Sep 2024 | HBTC vs DECO | |
| First Trust Indxx Innovative Transaction & Process... | 69 | 131.06M | Jan 2018 | HBTC vs LEGR | |
| CoinShares Bitcoin Miners ETF | 51 | 240.40M | Feb 2022 | HBTC vs WGMI | |
| Grayscale Bitcoin Miners ETF | 22 | 12.09M | Jan 2025 | HBTC vs MNRS |
Top Performing HBTC Alternatives (YTD)
HBTC is at -22.91% YTD. There are 22 ETFs in the Blockchain category with higher YTD returns, going as high as 61.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | 61.32% | 83.37M | Sep 2024 | HBTC vs HECO | |
| State Street Galaxy Digital Asset Ecosystem ETF | 61.26% | 20.86M | Sep 2024 | HBTC vs DECO | |
| CoinShares Bitcoin Miners ETF | 34.47% | 240.40M | Feb 2022 | HBTC vs WGMI | |
| Tradr 2X Long CORZ Daily ETF | 32.31% | — | Nov 2025 | HBTC vs COZX | |
| Grayscale Bitcoin Miners ETF | 15.24% | 12.09M | Jan 2025 | HBTC vs MNRS |
Lowest Volatility Alternatives to HBTC
HBTC has 28.00% 1-year volatility. There are 4 ETFs in the Blockchain category with lower 1-year volatility, going as low as 14.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Indxx Innovative Transaction & Process... | 14.83% | 131.06M | Jan 2018 | HBTC vs LEGR | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 17.40% | — | Feb 2025 | HBTC vs CBXJ | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 26.64% | — | Feb 2025 | HBTC vs CBTJ | |
| Innovator Uncapped Bitcoin 20 Floor ETF - Quarterl... | 27.26% | — | Feb 2025 | HBTC vs QBF | |
| Amplify Tokenization Technology Leaders ETF | 28.36% | 893.57K | Dec 2025 | HBTC vs TKNQ |
Lowest Drawdown Alternatives to HBTC
HBTC has a 1-year max drawdown of -40.45%. There are 8 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% | 131.06M | Jan 2018 | HBTC vs LEGR | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | -21.03% | 83.37M | Sep 2024 | HBTC vs HECO | |
| State Street Galaxy Digital Asset Ecosystem ETF | -25.60% | 20.86M | Sep 2024 | HBTC vs DECO | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | -30.16% | — | Feb 2025 | HBTC vs CBXJ | |
| VanEck Onchain Economy ETF | -35.35% | — | May 2025 | HBTC vs NODE |
Often Compared With HBTC
Investors most often compare HBTC with SOLT, BCOR, FDIG. These 20 comparison targets span 9 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