HBNK.TO vs. BITI.TO
HBNK.TO (Global X Equal Weight Banks Index ETF) and BITI.TO (BetaPro Inverse Bitcoin ETF) are both exchange-traded funds - HBNK.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index, while BITI.TO is a Leveraged Cryptocurrency fund actively managed by Global X. HBNK.TO is passively managed, while BITI.TO is actively managed. Over the past 3 years, HBNK.TO returned 36.94%/yr vs 32.22%/yr for BITI.TO. At a correlation of -0.28, they often move in opposite directions.
Performance
HBNK.TO vs. BITI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBNK.TO achieves a 33.80% return, which is significantly higher than BITI.TO's 29.95% return.
HBNK.TO
- 1D
- -0.18%
- 1M
- 6.71%
- 6M
- 31.93%
- YTD
- 33.80%
- 1Y
- 70.76%
- 3Y*
- 36.94%
- 5Y*
- —
- 10Y*
- —
BITI.TO
- 1D
- 2.59%
- 1M
- 2.36%
- 6M
- 35.19%
- YTD
- 29.95%
- 1Y
- 68.75%
- 3Y*
- 32.22%
- 5Y*
- 1.92%
- 10Y*
- —
HBNK.TO vs. BITI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 33.80% | 43.71% | 24.77% | 9.82% |
BITI.TO BetaPro Inverse Bitcoin ETF | 29.95% | -8.52% | 178.75% | -30.86% |
Correlation
The correlation between HBNK.TO and BITI.TO is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | -0.28 |
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Return for Risk
HBNK.TO vs. BITI.TO — Risk / Return Rank
HBNK.TO
BITI.TO
HBNK.TO vs. BITI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Banks Index ETF (HBNK.TO) and BetaPro Inverse Bitcoin ETF (BITI.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| HBNK.TO | BITI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.81 | ||
| Sortino ratioReturn per unit of downside risk | +4.96 | ||
| Omega ratioGain probability vs. loss probability | 1.95 | 1.25 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 8.39 | 2.66 | +5.74 |
| Martin ratioReturn relative to average drawdown | 36.37 | 6.50 | +29.87 |
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Drawdowns
HBNK.TO vs. BITI.TO - Drawdown Comparison
The maximum HBNK.TO drawdown since its inception was -14.78%, smaller than the maximum BITI.TO drawdown of -84.75%. Use the drawdown chart below to compare losses from any high point for HBNK.TO and BITI.TO.
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Drawdown Indicators
| HBNK.TO | BITI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -84.75% | +69.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -26.02% | +17.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -69.26% | +54.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.75% | — |
Current DrawdownCurrent decline from peak | -0.18% | -15.57% | +15.39% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -43.64% | +41.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 10.61% | -8.66% |
Volatility
HBNK.TO vs. BITI.TO - Volatility Comparison
The current volatility for Global X Equal Weight Banks Index ETF (HBNK.TO) is 3.94%, while BetaPro Inverse Bitcoin ETF (BITI.TO) has a volatility of 11.51%. This indicates that HBNK.TO experiences smaller price fluctuations and is considered to be less risky than BITI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBNK.TO | BITI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 11.51% | -7.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 35.08% | -23.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.35% | 45.38% | -32.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 262.40% | -249.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.76% | 256.76% | -244.00% |
Dividends
HBNK.TO vs. BITI.TO - Dividend Comparison
HBNK.TO's dividend yield for the trailing twelve months is around 2.53%, while BITI.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITI.TO BetaPro Inverse Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% |
HBNK.TO Global X Equal Weight Banks Index ETF | 2.53% | 3.24% | 4.15% | 2.45% |
Frequently Asked Questions
HBNK.TO and BITI.TO have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBNK.TO is categorized as Financials Equities, while BITI.TO is Leveraged Cryptocurrency.
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