HOLD vs. BPRO

Last updated Jul 17, 2026

HOLD (Harbor Alpha Layering ETF) and BPRO (Bitwise Proficio Currency Debasement ETF) are both Multistrategy funds. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

HOLD vs. BPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Alpha Layering ETF (HOLD) and Bitwise Proficio Currency Debasement ETF (BPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HOLD

• 1D: -0.07%
• 1M: -2.78%
• 6M: 3.40%
• YTD: 4.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPRO

• 1D: -3.85%
• 1M: -11.82%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOLD vs. BPRO - Yearly Performance Comparison

	2026 (YTD)
HOLD Harbor Alpha Layering ETF	2.80%
BPRO Bitwise Proficio Currency Debasement ETF	-26.81%

Correlation

The correlation between HOLD and BPRO is 0.58, 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 Jan 22, 2026	0.58

Return for Risk

HOLD vs. BPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Alpha Layering ETF (HOLD) and Bitwise Proficio Currency Debasement ETF (BPRO). 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.

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

Drawdowns

HOLD vs. BPRO - Drawdown Comparison

The maximum HOLD drawdown since its inception was -9.47%, smaller than the maximum BPRO drawdown of -36.57%. Use the drawdown chart below to compare losses from any high point for HOLD and BPRO.

Drawdown Indicators

	HOLD	BPRO	Difference
Max Drawdown Largest peak-to-trough decline	-9.47%	-36.57%	+27.10%
Current Drawdown Current decline from peak	-8.04%	-36.57%	+28.53%
Average Drawdown Average peak-to-trough decline	-2.45%	-21.84%	+19.39%

Volatility

Volatility by Period

	HOLD	BPRO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	43.86%	-28.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	43.86%	-28.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	43.86%	-28.41%

Dividends

HOLD vs. BPRO - Dividend Comparison

HOLD's dividend yield for the trailing twelve months is around 6.98%, while BPRO has not paid dividends to shareholders.

Position	TTM	2025
BPRO Bitwise Proficio Currency Debasement ETF	0.00%	0.00%
HOLD Harbor Alpha Layering ETF	6.98%	7.32%

Frequently Asked Questions

Can I hold both HOLD and BPRO in my portfolio?

HOLD and BPRO have a correlation of 0.58, 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, HOLD or BPRO?

HOLD has the higher dividend yield at 6.98%, compared with 0.00% for BPRO.

What is the main difference between HOLD and BPRO?

They also come from different issuers: Harbor and Bitwise.