PICK vs. HNDL
PICK (iShares MSCI Global Metals & Mining Producers ETF) and HNDL (Strategy Shares Nasdaq 7HANDL Index ETF) are both exchange-traded funds - PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index, while HNDL is a Diversified Portfolio fund tracking the NASDAQ 7 HANDL™ Index. Both are passively managed. Over the past 5 years, PICK returned 9.87%/yr vs 4.91%/yr for HNDL. At a 0.46 correlation, their price movements are largely independent. PICK charges 0.39%/yr vs 0.97%/yr for HNDL.
Performance
PICK vs. HNDL - Performance Comparison
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Returns By Period
In the year-to-date period, PICK achieves a 13.69% return, which is significantly higher than HNDL's 7.76% return.
PICK
- 1D
- -0.14%
- 1M
- -11.69%
- YTD
- 13.69%
- 6M
- 14.29%
- 1Y
- 56.77%
- 3Y*
- 16.33%
- 5Y*
- 9.87%
- 10Y*
- 15.55%
HNDL
- 1D
- 0.33%
- 1M
- 0.65%
- YTD
- 7.76%
- 6M
- 7.17%
- 1Y
- 14.20%
- 3Y*
- 11.64%
- 5Y*
- 4.91%
- 10Y*
- —
PICK vs. HNDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PICK iShares MSCI Global Metals & Mining Producers ETF | 13.69% | 51.89% | -16.37% | 9.69% | 2.54% | 22.61% | 27.46% | 16.47% | -23.40% |
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 7.76% | 10.76% | 10.66% | 13.28% | -19.12% | 9.06% | 12.03% | 15.66% | -5.82% |
Correlation
The correlation between PICK and HNDL is 0.53, 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 | 0.53 |
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 PICK and HNDL has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
PICK vs. HNDL — Risk / Return Rank
PICK
HNDL
PICK vs. HNDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Metals & Mining Producers ETF (PICK) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL). 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.
| PICK | HNDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.87 | +0.05 |
| Martin ratioReturn relative to average drawdown | 10.31 | 11.68 | -1.37 |
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Drawdowns
PICK vs. HNDL - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.87%, which is greater than HNDL's maximum drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for PICK and HNDL.
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Drawdown Indicators
| PICK | HNDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.87% | -23.72% | -45.15% |
Max Drawdown (1Y)Largest decline over 1 year | -19.54% | -4.96% | -14.58% |
Max Drawdown (3Y)Largest decline over 3 years | -32.52% | -12.25% | -20.27% |
Max Drawdown (5Y)Largest decline over 5 years | -36.37% | -23.72% | -12.65% |
Max Drawdown (10Y)Largest decline over 10 years | -52.72% | — | — |
Current DrawdownCurrent decline from peak | -15.33% | 0.00% | -15.33% |
Average DrawdownAverage peak-to-trough decline | -24.05% | -4.84% | -19.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 1.22% | +4.30% |
Volatility
PICK vs. HNDL - Volatility Comparison
iShares MSCI Global Metals & Mining Producers ETF (PICK) has a higher volatility of 12.58% compared to Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) at 2.69%. This indicates that PICK's price experiences larger fluctuations and is considered to be riskier than HNDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PICK | HNDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 2.69% | +9.89% |
Volatility (6M)Calculated over the trailing 6-month period | 26.61% | 5.94% | +20.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.06% | 7.53% | +22.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.15% | 11.56% | +16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.29% | 10.73% | +17.56% |
PICK vs. HNDL - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is lower than HNDL's 0.97% expense ratio.
Dividends
PICK vs. HNDL - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 2.28%, less than HNDL's 6.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.82% | 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 | 2.28% | 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
PICK and HNDL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PICK has higher volatility (12.58%) compared to HNDL (2.69%). In terms of maximum drawdown, PICK dropped -68.87% vs HNDL's -23.72%.
On 5-year performance, PICK leads with 9.87% vs 4.91% for HNDL. On fees, PICK is cheaper at 0.39% per year. On volatility, HNDL has been the lower-risk option at 2.69%. 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 9.87% return vs 4.91%. 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 6.82%, compared with 2.28% for PICK.
PICK is categorized as Metals, while HNDL is Diversified Portfolio. PICK tracks MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index, while HNDL tracks NASDAQ 7 HANDL™ Index. They also come from different issuers: iShares and Rational Capital LLC. Their fees differ too: 0.39% for PICK and 0.97% for HNDL.
PICK currently has the higher Sharpe Ratio (1.90 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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