HBT vs. BITC
HBT (HBT Financial, Inc.) is a stock, while BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) is Cryptocurrency fund actively managed by Bitwise. Over the past 3 years, HBT returned 26.04%/yr vs 29.84%/yr for BITC. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
HBT vs. BITC - Performance Comparison
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Returns By Period
In the year-to-date period, HBT achieves a 40.91% return, which is significantly higher than BITC's -1.76% return.
HBT
- 1D
- -0.06%
- 1M
- 11.37%
- 6M
- 35.01%
- YTD
- 40.91%
- 1Y
- 54.21%
- 3Y*
- 26.04%
- 5Y*
- 21.18%
- 10Y*
- —
- ALL TIME*
- 16.37%
BITC
- 1D
- -2.97%
- 1M
- -1.31%
- 6M
- -1.00%
- YTD
- -1.76%
- 1Y
- -24.54%
- 3Y*
- 29.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.18K | $64.98K | $91.15K | |
| $4.96M | $4.80M | $4.85M |
HBT vs. BITC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBT HBT Financial, Inc. | 40.91% | 22.23% | 7.74% | 9.42% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | -1.76% | -20.46% | 97.86% | 42.71% |
Correlation
The correlation between HBT and BITC is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023 | 0.15 |
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Return for Risk
HBT vs. BITC — Risk / Return Rank
HBT
BITC
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.
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.
| HBT | BITC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.83 | ||
| Sortino ratioReturn per unit of downside risk | +3.93 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.80 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | -0.89 | +4.56 |
| Martin ratioReturn relative to average drawdown | 8.58 | -1.19 | +9.77 |
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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.
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Drawdown Indicators
| HBT | BITC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.95% | -38.51% | -15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -27.89% | +14.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -38.51% | +19.84% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | — | — |
Current DrawdownCurrent decline from peak | -1.84% | -32.48% | +30.64% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -16.98% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 20.72% | -14.99% |
Volatility
HBT vs. BITC - Volatility Comparison
HBT Financial, Inc. (HBT) has a higher volatility of 8.65% compared to Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) at 8.07%. This indicates that HBT's price experiences larger fluctuations and is considered to be riskier than BITC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBT | BITC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 8.07% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 17.81% | 18.32% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 25.11% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.02% | 45.81% | -16.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.23% | 45.81% | -10.58% |
Dividends
HBT vs. BITC - Dividend Comparison
HBT's dividend yield for the trailing twelve months is around 2.46%, less than BITC's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.42% | 3.36% | 42.68% | 5.82% | 0.00% | 0.00% | 0.00% |
HBT HBT Financial, Inc. | 2.46% | 3.25% | 3.47% | 3.22% | 3.27% | 3.20% | 3.96% |
Frequently Asked Questions
HBT and BITC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBT has higher volatility (8.65%) compared to BITC (8.07%). In terms of maximum drawdown, HBT dropped -53.95% vs BITC's -38.51%.
HBT currently has the higher Sharpe Ratio (1.84 vs -0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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