SUIS vs. HECO

Last updated Jun 6, 2026

SUIS (Canary Staked SUI ETF) and HECO (State Street Galaxy Hedged Digital Asset Ecosystem ETF) are both Blockchain funds. SUIS is passively managed, while HECO is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. SUIS charges 0.75%/yr vs 0.90%/yr for HECO.

Performance

SUIS vs. HECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary Staked SUI ETF (SUIS) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SUIS

• 1D: -10.77%
• 1M: -29.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HECO

• 1D: -5.72%
• 1M: 12.56%
• YTD: 61.05%
• 6M: 47.57%
• 1Y: 122.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUIS vs. HECO - Yearly Performance Comparison

	2026 (YTD)
SUIS Canary Staked SUI ETF	-25.15%
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	46.73%

Correlation

The correlation between SUIS and HECO is 0.51, 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 Feb 19, 2026	0.51

Return for Risk

SUIS vs. HECO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HECO

HECO Risk / Return Rank: 88
HECO Sharpe Ratio Rank: 93
HECO Sortino Ratio Rank: 87
HECO Omega Ratio Rank: 83
HECO Calmar Ratio Rank: 92
HECO Martin Ratio Rank: 85

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. HECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary Staked SUI ETF (SUIS) and State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO). 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	HECO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	1.63	-2.35

Drawdowns

SUIS vs. HECO - Drawdown Comparison

The maximum SUIS drawdown since its inception was -46.76%, roughly equal to the maximum HECO drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for SUIS and HECO.

Drawdown Indicators

	SUIS	HECO	Difference
Max Drawdown Largest peak-to-trough decline	-46.76%	-44.59%	-2.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.03%	—
Current Drawdown Current decline from peak	-46.76%	-7.35%	-39.41%
Average Drawdown Average peak-to-trough decline	-12.58%	-11.78%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.33%	—

Volatility

Volatility by Period

	SUIS	HECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	87.69%	37.71%	+49.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.69%	45.07%	+42.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.69%	45.07%	+42.62%

SUIS vs. HECO - Expense Ratio Comparison

SUIS has a 0.75% expense ratio, which is lower than HECO's 0.90% expense ratio.

Dividends

SUIS vs. HECO - Dividend Comparison

Neither SUIS nor HECO has paid dividends to shareholders.

Position	TTM	2025	2024
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	0.00%	0.00%	2.61%
SUIS Canary Staked SUI ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SUIS and HECO in my portfolio?

SUIS and HECO have a correlation of 0.51, 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 HECO?

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 HECO?

SUIS is cheaper with a 0.75% expense ratio, compared with 0.90% for HECO.

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

SUIS and HECO have nearly identical dividend yields, around 0.00%.

What is the main difference between SUIS and HECO?

They also come from different issuers: Canary and State Street. Their fees differ too: 0.75% for SUIS and 0.90% for HECO.