HBT vs. BITC

Last updated Apr 1, 2026

Compare and contrast key facts about HBT Financial, Inc. (HBT) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC).

BITC is an actively managed fund by Bitwise. It was launched on Mar 20, 2023.

Performance

HBT vs. BITC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HBT Financial, Inc. (HBT) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). The values are adjusted to include any dividend payments, if applicable.

HBT vs. BITC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HBT HBT Financial, Inc.	4.18%	22.23%	7.74%	6.36%
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	-0.11%	-20.46%	97.86%	42.29%

Returns By Period

In the year-to-date period, HBT achieves a 4.18% return, which is significantly higher than BITC's -0.11% return.

HBT

• 1D: -1.37%
• 1M: -0.89%
• YTD: 4.18%
• 6M: 7.79%
• 1Y: 23.35%
• 3Y*: 14.71%
• 5Y*: 13.14%
• 10Y*: —

BITC

• 1D: 0.24%
• 1M: 0.20%
• YTD: -0.11%
• 6M: -16.94%
• 1Y: -9.37%
• 3Y*: 30.50%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HBT vs. BITC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HBT

HBT Risk / Return Rank: 68
HBT Sharpe Ratio Rank: 70
HBT Sortino Ratio Rank: 64
HBT Omega Ratio Rank: 61
HBT Calmar Ratio Rank: 74
HBT Martin Ratio Rank: 72

BITC

BITC Risk / Return Rank: 6
BITC Sharpe Ratio Rank: 6
BITC Sortino Ratio Rank: 6
BITC Omega Ratio Rank: 5
BITC Calmar Ratio Rank: 6
BITC Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HBT vs. BITC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HBT Financial, Inc. (HBT) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). 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.

	HBT	BITC	Difference
Sharpe ratio Return per unit of total volatility	0.83	-0.35	+1.19
Sortino ratio Return per unit of downside risk	1.34	-0.33	+1.67
Omega ratio Gain probability vs. loss probability	1.16	0.95	+0.21
Calmar ratio Return relative to maximum drawdown	1.70	-0.40	+2.10
Martin ratio Return relative to average drawdown	3.89	-0.65	+4.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HBT vs. BITC - Sharpe Ratio Comparison

The current HBT Sharpe Ratio is 0.83, which is higher than the BITC Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of HBT and BITC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HBT	BITC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	-0.35	+1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.64	-0.29

Correlation

The correlation between HBT and BITC is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HBT vs. BITC - Dividend Comparison

HBT's dividend yield for the trailing twelve months is around 3.22%, less than BITC's 3.37% yield.

	TTM	2025	2024	2023	2022	2021	2020
HBT HBT Financial, Inc.	3.22%	3.25%	3.47%	3.22%	3.27%	3.20%	3.96%
BITC Bitwise Bitcoin Strategy Optimum Roll ETF	3.37%	3.36%	42.68%	5.82%	0.00%	0.00%	0.00%

Drawdowns

HBT vs. BITC - Drawdown Comparison

The maximum HBT drawdown since its inception was -53.95%, which is greater than BITC's maximum drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for HBT and BITC.

Drawdown Indicators

	HBT	BITC	Difference
Max Drawdown Largest peak-to-trough decline	-53.95%	-38.51%	-15.44%
Max Drawdown (1Y) Largest decline over 1 year	-13.42%	-26.51%	+13.09%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	—	—
Current Drawdown Current decline from peak	-8.84%	-31.35%	+22.51%
Average Drawdown Average peak-to-trough decline	-12.52%	-15.79%	+3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.87%	16.45%	-10.58%

Volatility

HBT vs. BITC - Volatility Comparison

The current volatility for HBT Financial, Inc. (HBT) is 6.77%, while Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) has a volatility of 12.06%. This indicates that HBT experiences smaller price fluctuations and is considered to be less risky than BITC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HBT	BITC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.77%	12.06%	-5.29%
Volatility (6M) Calculated over the trailing 6-month period	19.81%	19.16%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	28.16%	26.70%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.00%	47.63%	-18.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.66%	47.63%	-11.97%