HNDL vs. PICK
HNDL (Strategy Shares Nasdaq 7HANDL Index ETF) and PICK (iShares MSCI Global Metals & Mining Producers ETF) are both exchange-traded funds - HNDL is a Diversified Portfolio fund tracking the NASDAQ 7 HANDL™ Index, while PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. Both are passively managed. Over the past 5 years, HNDL returned 4.77%/yr vs 10.54%/yr for PICK. At a 0.46 correlation, their price movements are largely independent. HNDL charges 0.97%/yr vs 0.39%/yr for PICK.
Performance
HNDL vs. PICK - Performance Comparison
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Returns By Period
In the year-to-date period, HNDL achieves a 6.62% return, which is significantly lower than PICK's 17.36% return.
HNDL
- 1D
- -0.20%
- 1M
- -0.34%
- YTD
- 6.62%
- 6M
- 6.43%
- 1Y
- 14.43%
- 3Y*
- 11.67%
- 5Y*
- 4.77%
- 10Y*
- —
PICK
- 1D
- -4.38%
- 1M
- -5.22%
- YTD
- 17.36%
- 6M
- 17.02%
- 1Y
- 69.31%
- 3Y*
- 18.27%
- 5Y*
- 10.54%
- 10Y*
- 16.67%
HNDL vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.62% | 10.76% | 10.66% | 13.28% | -19.12% | 9.06% | 12.03% | 15.66% | -5.82% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 17.36% | 51.89% | -16.37% | 9.69% | 2.54% | 22.61% | 27.46% | 16.47% | -23.40% |
Correlation
The correlation between HNDL and PICK is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.46 |
The correlation between HNDL and PICK has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
HNDL vs. PICK — Risk / Return Rank
HNDL
PICK
HNDL vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) and iShares MSCI Global Metals & Mining Producers ETF (PICK). 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.
| HNDL | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.56 | -0.65 |
| Martin ratioReturn relative to average drawdown | 11.88 | 13.38 | -1.50 |
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Drawdowns
HNDL vs. PICK - Drawdown Comparison
The maximum HNDL drawdown since its inception was -23.72%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for HNDL and PICK.
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Drawdown Indicators
| HNDL | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -68.87% | +45.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -19.54% | +14.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -32.52% | +20.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -36.37% | +12.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -0.77% | -12.59% | +11.82% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -24.06% | +19.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 5.20% | -3.98% |
Volatility
HNDL vs. PICK - Volatility Comparison
The current volatility for Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) is 2.68%, while iShares MSCI Global Metals & Mining Producers ETF (PICK) has a volatility of 13.12%. This indicates that HNDL experiences smaller price fluctuations and is considered to be less risky than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNDL | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 13.12% | -10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | 26.56% | -20.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.63% | 30.14% | -22.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.55% | 28.14% | -16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.74% | 28.34% | -17.60% |
HNDL vs. PICK - Expense Ratio Comparison
HNDL has a 0.97% expense ratio, which is higher than PICK's 0.39% expense ratio.
Dividends
HNDL vs. PICK - Dividend Comparison
HNDL's dividend yield for the trailing twelve months is around 6.89%, more than PICK's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.89% | 6.86% | 7.02% | 6.78% | 7.87% | 6.86% | 6.21% | 5.27% | 6.42% | 0.00% | 0.00% | 0.00% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.21% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
HNDL and PICK have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PICK has higher volatility (13.12%) compared to HNDL (2.68%). In terms of maximum drawdown, HNDL dropped -23.72% vs PICK's -68.87%.
On 5-year performance, PICK leads with 10.54% vs 4.77% for HNDL. On fees, PICK is cheaper at 0.39% per year. On volatility, HNDL has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PICK has performed better with a 10.54% return vs 4.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PICK is cheaper with a 0.39% expense ratio, compared with 0.97% for HNDL.
HNDL has the higher dividend yield at 6.89%, compared with 2.21% for PICK.
HNDL is categorized as Diversified Portfolio, while PICK is Metals. HNDL tracks NASDAQ 7 HANDL™ Index, while PICK tracks MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. They also come from different issuers: Rational Capital LLC and iShares. Their fees differ too: 0.97% for HNDL and 0.39% for PICK.
PICK currently has the higher Sharpe Ratio (2.31 vs 1.90), 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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