SUIS vs. HBTC

Last updated Jun 5, 2026

SUIS (Canary Staked SUI ETF) and HBTC (Fortuna Hedged Bitcoin ETF) are both Blockchain funds. SUIS is passively managed, while HBTC is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. SUIS charges 0.75%/yr vs 1.75%/yr for HBTC.

Performance

SUIS vs. HBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary Staked SUI ETF (SUIS) and Fortuna Hedged Bitcoin ETF (HBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SUIS

• 1D: -3.90%
• 1M: -18.74%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBTC

• 1D: -1.08%
• 1M: -16.28%
• YTD: -22.12%
• 6M: -26.61%
• 1Y: -31.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUIS vs. HBTC - Yearly Performance Comparison

	2026 (YTD)
SUIS Canary Staked SUI ETF	-16.11%
HBTC Fortuna Hedged Bitcoin ETF	-13.09%

Correlation

The correlation between SUIS and HBTC is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.80

Return for Risk

SUIS vs. HBTC — 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: 1
HBTC Sortino Ratio Rank: 1
HBTC Omega Ratio Rank: 2
HBTC Calmar Ratio Rank: 2
HBTC Martin Ratio Rank: 1

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.

SUIS vs. HBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary Staked SUI ETF (SUIS) and Fortuna Hedged Bitcoin ETF (HBTC). 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.

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

Sharpe Ratios by Period

	SUIS	HBTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	-0.60	+0.08

Drawdowns

SUIS vs. HBTC - Drawdown Comparison

The maximum SUIS drawdown since its inception was -40.33%, roughly equal to the maximum HBTC drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for SUIS and HBTC.

Drawdown Indicators

	SUIS	HBTC	Difference
Max Drawdown Largest peak-to-trough decline	-40.33%	-38.50%	-1.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-38.50%	—
Current Drawdown Current decline from peak	-40.33%	-38.50%	-1.83%
Average Drawdown Average peak-to-trough decline	-12.12%	-14.46%	+2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.20%	—

Volatility

Volatility by Period

	SUIS	HBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	86.06%	28.93%	+57.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.06%	29.62%	+56.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.06%	29.62%	+56.44%

SUIS vs. HBTC - Expense Ratio Comparison

SUIS has a 0.75% expense ratio, which is lower than HBTC's 1.75% expense ratio.

Dividends

SUIS vs. HBTC - Dividend Comparison

SUIS has not paid dividends to shareholders, while HBTC's dividend yield for the trailing twelve months is around 14.07%.

Position	TTM	2025
HBTC Fortuna Hedged Bitcoin ETF	14.07%	10.96%
SUIS Canary Staked SUI ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SUIS and HBTC in my portfolio?

SUIS and HBTC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUIS or HBTC?

On fees, SUIS is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUIS or HBTC?

SUIS is cheaper with a 0.75% expense ratio, compared with 1.75% for HBTC.

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

HBTC has the higher dividend yield at 14.07%, compared with 0.00% for SUIS.

What is the main difference between SUIS and HBTC?

They also come from different issuers: Canary and Fortuna Funds. Their fees differ too: 0.75% for SUIS and 1.75% for HBTC.