HBTC vs. TKNQ

Last updated Jul 14, 2026

HBTC (Fortuna Hedged Bitcoin ETF) and TKNQ (Amplify Tokenization Technology Leaders ETF) are both Blockchain funds. A 0.73 correlation means they provide meaningful diversification when combined.

Performance

HBTC vs. TKNQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortuna Hedged Bitcoin ETF (HBTC) and Amplify Tokenization Technology Leaders ETF (TKNQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HBTC achieves a -22.42% return, which is significantly lower than TKNQ's -10.47% return.

HBTC

• 1D: -2.27%
• 1M: 1.19%
• 6M: -24.82%
• YTD: -22.42%
• 1Y: -37.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TKNQ

• 1D: -1.04%
• 1M: 1.50%
• 6M: -14.27%
• YTD: -10.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HBTC vs. TKNQ - Yearly Performance Comparison

	2026 (YTD)	2025
HBTC Fortuna Hedged Bitcoin ETF	-22.42%	-1.74%
TKNQ Amplify Tokenization Technology Leaders ETF	-10.47%	-1.55%

Correlation

The correlation between HBTC and TKNQ is 0.73, 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 Dec 23, 2025	0.74

Return for Risk

HBTC vs. TKNQ — Risk / Return Rank

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

HBTC

HBTC Risk / Return Rank: 1
HBTC Sharpe Ratio Rank: 0
HBTC Sortino Ratio Rank: 0
HBTC Omega Ratio Rank: 1
HBTC Calmar Ratio Rank: 1
HBTC Martin Ratio Rank: 0

TKNQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HBTC vs. TKNQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortuna Hedged Bitcoin ETF (HBTC) and Amplify Tokenization Technology Leaders ETF (TKNQ). 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	TKNQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.35	—	—
Sortino ratio: Return per unit of downside risk	-2.09	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.93	—	—
Martin ratio: Return relative to average drawdown	-1.59	—	—

Drawdowns

HBTC vs. TKNQ - Drawdown Comparison

The maximum HBTC drawdown since its inception was -40.45%, which is greater than TKNQ's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for HBTC and TKNQ.

Drawdown Indicators

	HBTC	TKNQ	Difference
Max Drawdown Largest peak-to-trough decline	-40.45%	-21.83%	-18.62%
Max Drawdown (1Y) Largest decline over 1 year	-40.45%	—	—
Current Drawdown Current decline from peak	-38.73%	-16.63%	-22.10%
Average Drawdown Average peak-to-trough decline	-16.29%	-12.83%	-3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.66%	—	—

Volatility

Volatility by Period

	HBTC	TKNQ	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%	29.01%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	29.01%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	29.01%	-0.18%

Dividends

HBTC vs. TKNQ - Dividend Comparison

HBTC's dividend yield for the trailing twelve months is around 14.12%, while TKNQ has not paid dividends to shareholders.

Position	TTM	2025
HBTC Fortuna Hedged Bitcoin ETF	14.12%	10.96%
TKNQ Amplify Tokenization Technology Leaders ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HBTC and TKNQ in my portfolio?

HBTC and TKNQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, HBTC or TKNQ?

HBTC has the higher dividend yield at 14.12%, compared with 0.00% for TKNQ.

What is the main difference between HBTC and TKNQ?

They also come from different issuers: Fortuna Funds and Amplify.