HBTC vs. SUIS
HBTC (Fortuna Hedged Bitcoin ETF) and SUIS (Canary Staked SUI ETF) are both Blockchain funds. HBTC is actively managed, while SUIS is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. HBTC charges 1.75%/yr vs 0.75%/yr for SUIS.
Performance
HBTC vs. SUIS - Performance Comparison
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Returns By Period
HBTC
- 1D
- -2.27%
- 1M
- 1.19%
- 6M
- -24.82%
- YTD
- -22.42%
- 1Y
- -37.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SUIS
- 1D
- -2.13%
- 1M
- -3.54%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HBTC vs. SUIS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HBTC Fortuna Hedged Bitcoin ETF | -13.92% |
SUIS Canary Staked SUI ETF | -24.53% |
Correlation
The correlation between HBTC and SUIS is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026 | 0.79 |
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Return for Risk
HBTC vs. SUIS — Risk / Return Rank
HBTC
SUIS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HBTC vs. SUIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortuna Hedged Bitcoin ETF (HBTC) and Canary Staked SUI ETF (SUIS). 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.
| HBTC | SUIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | — | — |
| Martin ratioReturn relative to average drawdown | -1.59 | — | — |
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Drawdowns
HBTC vs. SUIS - Drawdown Comparison
The maximum HBTC drawdown since its inception was -40.45%, smaller than the maximum SUIS drawdown of -48.70%. Use the drawdown chart below to compare losses from any high point for HBTC and SUIS.
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Drawdown Indicators
| HBTC | SUIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.45% | -48.70% | +8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -40.45% | — | — |
Current DrawdownCurrent decline from peak | -38.73% | -44.92% | +6.19% |
Average DrawdownAverage peak-to-trough decline | -16.29% | -20.11% | +3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.66% | — | — |
Volatility
HBTC vs. SUIS - Volatility Comparison
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Volatility by Period
| HBTC | SUIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.08% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.95% | 80.73% | -52.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.83% | 80.73% | -51.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.83% | 80.73% | -51.90% |
HBTC vs. SUIS - Expense Ratio Comparison
HBTC has a 1.75% expense ratio, which is higher than SUIS's 0.75% expense ratio.
Dividends
HBTC vs. SUIS - Dividend Comparison
HBTC's dividend yield for the trailing twelve months is around 14.12%, while SUIS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
HBTC Fortuna Hedged Bitcoin ETF | 14.12% | 10.96% |
SUIS Canary Staked SUI ETF | 0.00% | 0.00% |
Frequently Asked Questions
HBTC and SUIS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUIS is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUIS is cheaper with a 0.75% expense ratio, compared with 1.75% for HBTC.
HBTC has the higher dividend yield at 14.12%, compared with 0.00% for SUIS.
They also come from different issuers: Fortuna Funds and Canary. Their fees differ too: 1.75% for HBTC and 0.75% for SUIS.
Find the right allocation for HBTC and SUIS
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