HBTC vs. TKNQ

Last updated Aug 1, 2026

HBTC (Fortuna Hedged Bitcoin ETF) and TKNQ (Amplify Tokenization Technology Leaders ETF) are both Blockchain funds. HBTC is actively managed, while TKNQ is passively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. HBTC charges 1.75%/yr vs 0.69%/yr for TKNQ.

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 -22.91% return, which is significantly lower than TKNQ's -10.14% return.

HBTC

• 1D: -2.53%
• 1M: -0.25%
• 6M: -19.07%
• YTD: -22.91%
• 1Y: -34.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -16.63%

TKNQ

• 1D: -0.96%
• 1M: 0.57%
• 6M: -8.65%
• YTD: -10.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HBTC Fortuna Hedged Bitcoin ETF	$620.05	$1.99K	$5.81K
TKNQ Amplify Tokenization Technology Leaders ETF	$34.85K	$29.82K	$23.55K

HBTC vs. TKNQ - Yearly Performance Comparison

	2026 (YTD)	2025
HBTC Fortuna Hedged Bitcoin ETF	-22.91%	-1.74%
TKNQ Amplify Tokenization Technology Leaders ETF	-10.14%	-1.55%

Correlation

The correlation between HBTC and TKNQ is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	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 historical risk-adjusted metric ranks over the past 12 months.

HBTC

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

TKNQ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	-1.30	—	—
Sortino ratio: Return per unit of downside risk	-2.00	—	—
Omega ratio: Gain probability vs. loss probability	0.79	—	—
Calmar ratio: Return relative to maximum drawdown	-0.90	—	—
Martin ratio: Return relative to average drawdown	-1.44	—	—

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	-39.12%	-16.33%	-22.79%
Average Drawdown Average peak-to-trough decline	-17.14%	-13.09%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.22%	—	—

Volatility

Volatility by Period

	HBTC	TKNQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.00%	28.36%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.62%	28.36%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.62%	28.36%	+0.26%

HBTC vs. TKNQ - Expense Ratio Comparison

HBTC has a 1.75% expense ratio, which is higher than TKNQ's 0.69% expense ratio.

Dividends

HBTC vs. TKNQ - Dividend Comparison

HBTC's dividend yield for the trailing twelve months is around 14.21%, while TKNQ has not paid dividends to shareholders.

Position	TTM	2025
HBTC Fortuna Hedged Bitcoin ETF	14.21%	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 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HBTC or TKNQ?

On fees, TKNQ is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBTC or TKNQ?

TKNQ is cheaper with a 0.69% expense ratio, compared with 1.75% for HBTC.

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

HBTC has the higher dividend yield at 14.21%, 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. Their fees differ too: 1.75% for HBTC and 0.69% for TKNQ.